April 24, 2000SOUTHFIELD, Mich. – A venture between Ramco-Gershenson Properties Trust (NYSE:RPT) and Investcorp International has paid $16.5 million for East Town Plaza in Madison, Wis.The shopping center, the third acquisition by the joint venture, is anchored by...

April 24, 2000 ATLANTA – Abrams Industries Inc. sold its former manufacturing facility in Douglas County, Georgia, for about $11 million to Gazelle LLC. Gazelle of Redwood City, California, intends to convert the property to an Internet infrastructure...

April 24, 2000 NEW YORK – Standard & Poor's raised the servicer ratings of CapMark Services LP and Lend Lease Asset Management LP.The ratings of the two former Amresco Inc. units were removed from CreditWatch, where they were...

April 24, 2000 Impac Commercial Holdings Inc. (AMEX:ICMH) has made $11.6 million available to buy back more than 2 million shares of its outstanding stock at $5.75 per share.The offer stands until May 19, at which time Impac...

April 24, 2000 TORONTO – Goldman Sachs Group Inc. has invested in Elevator News Network, which provides news via monitors installed in office building elevators.Elevator News is one of several Internet, or new media companies that Goldman has...

April 20, 2000 DENVER – Archstone Communities (NYSE:ASN) has paid $58.5 million for Studio Colony, a 450-unit apartment complex in West Los Angeles. The purchase is part of Archstone's plan to purchase apartment properties in urban "in-fill," or...

April 20, 2000 FORT WORTH, Texas – Dennis Alberts, president and chief executive of Pacific Retail Trust, has been named president and chief operating officer of Crescent Real Estate Equities Co. (NYSE:CEI)As president and COO, Alberts will work...

April 20, 2000 Downtown office space at a premium, study shows TORONTO – Toronto had the lowest vacancy rate in 13 years, down to 7.7 percent for the first quarter of 2000, according to a new study from...

April 20, 2000 PHILADELPHIA – Pennsylvania Real Estate Investment Trust (NYSE:PEI) sold a 294,000-square-foot industrial property in Alexandria, Va., for $8 million. But the REIT received an additional $4 million when it terminated a lease on the property.The...

April 20, 2000 City still shaping deal with downtown on Blue Cross officesThe Florida Times-Union, April 20JACKSONVILLE, Fla – The city continues to talk with Blue Cross and Blue Shield of Florida about its $36 million downtown offices...

April 20, 2000 MANHATTAN BEACH, Calif. – Center Trust Inc. (NYSE:CTA) sold the AMC Theater in Covina Town Square shopping center in Covina, Calif., for $23 million, or $242/sf.Center Trust obtained a $17.4 million mortgage for the property,...

April 20, 2000 CHICAGO – Equity Office Properties Trust (NYSE:EOP) has purchased the 30 percent interest that it did not already own in Metropoint II in Denver for $8.3 million, placing a value of $27.6 million on the...

April 20, 2000 (NewsTraders.com) -- Essex Property Trust (NYSE:ESS) was thrust into the brokerage spotlight on Thursday, as A.G. Edwards & Sons analyst Art Havener initiated coverage of the apartment-focused real estate investment trust with an "accumulate" rating.Havener...

April 20, 2000 PHILADELPHIA – The law firm Ballard Spahr Andrews & Ingersoll has renewed and expanded its lease at the Mellon Bank Center, a Class-A building on West Market Street in Philadelphia's central business district.The law firm...

April 20, 2000 NEW YORK – CapitalEngine.com has hired Edward J. McGovern, former vice president of Greenwich Group International, to head up a new office in the Washington, D.C., area.McGovern was responsible for both equity and debt financing...

April 20, 2000 BOCA RATON, Fla. – Atlantic Gulf Communities Corp. (OTC Bulletin Board:AGLF ) could be forced to file for bankruptcy protection if it is unable to retire some of its debt.The company made the warning today...

April 19, 2000 WEST CONSHOHOCKEN, Pa. – Stephanie Krewson has joined Keystone Property Trust (AMEX:KTR) as vice president and treasurer.In her new position, Krewson will be responsible for capital planning, lender relations, and financial analysis and will report...

April 19, 2000 TORONTO – Cisco Systems Canada Co. has signed a lease for 60,000 square feet in the Bay Wellington Tower at the BCE Place office complex in the downtown financial district here.The company plans to relocate...

April 19, 2000 (NewsTraders.com) – Two heavyweights from Koger Equity (NYSE:KE), including chief executive Thomas Crocker, combined to purchase 175,027 shares of the REIT in March, according to Form 4 documents released April 14 by the SEC.Crocker snapped...

April 19, 2000 Associated PressDUBUQUE, Iowa – City officials say they'll look for a different partner to build a hotel and convention facility on Dubuque's riverfront, since they can't reach an agreement with Diamond Jo Casino's new owner....

April 19, 2000NEW YORK – Philips International Realty Corp. (NYSE:PHR) and its operating partnership, Philips International Realty LP, are implementing a liquidation plan, which is expected to generate cash proceeds of about $18.50 per share of common stock...

April 19, 2000 Charles E. Smith Residential Realty, Inc. (NYSE: SRW), an Arlington, Va.-based urban multifamily REIT, started construction of a new 480-unit high-rise apartment building today in downtown Chicago and confirmed its acquisition of a nearby 185-unit...

April 19, 2000 Loan secured for upscale hotel The Sun-Sentinel, April 19FORT LAUDERDALE, Fla. – Developer R. Donahue Peebles has secured a $54.5 million loan to finance construction of a long-delayed 500-room convention center hotel. Peebles has lined...

April 18, 2000 NEW YORK – Aegis Realty Inc. (Amex:AER) has promoted Alan P. Hirmes, a senior vice president and member of the firm's board, to the post of interim chief financial officer, effective May 15.Hirmes is replacing...

April 18, 2000 NEW YORK – Fitch IBCA has placed the triple-B-plus rating on HRPT Properties Trust's senior unsecured debt and shelf registration on RatingAlert Negative. The action affects about $1.3 billion of debt.The alert is a result...