April 7, 2000 Amerivest Properties Inc. (AMEX:AMV) has dismissed its principal accountant and hired Arthur Andersen LLP.The REIT did not provide a reason for the change but did say in a Form 8-K, "There have been no disagreements...

April 7, 2000 Hotel deal adds high-speed Internet access to room serviceThe Vancouver Sun, April 7 VANCOUVER – Kentucky-based Darwin Networks and Vancouver-area Cinema Internet Networks Inc. will partner to provide high-speed Internet access to more than 800...

April 7, 2000 Tamara Hughes Gustavson has taken a 27.4-percent stake in Public Storage Inc. (NYSE: PSA), with a purchase of 1.2 million shares for about $23.3 million.Gustavson and her other partners in Bermuda-based PS Insurance Co. Ltd....

April 7, 2000 Daytona Beach looking west for development The Daytona Beach News-Journal, April 7DAYTON BEACH, Fla. – Future plans for the west side of the city could include an industrial park, if the city approves a developer's...

April 7, 2000 The Edward and Abigail Johnson have taken a 6.9 percent stake in Glenborough Realty Trust Inc. (NYSE:GLB) with the purchase of 2.1 shares.The FMR Corp., of which Edward Johnson holds 12 percent and Abigail Johnson...

April 7, 2000 NASHVILLE, Tenn. – Pacific Life Insurance Co. has offered to inject $200 million of equity into Prison Realty Trust Inc. (NYSE:PZN). An investment team comprised of Fortress Investment Group LLC, Blackstone Group and Bank of...

April 7, 2000 By Tim Shorrock, Asian Assets Direct Managing EditorTOKYO – Real estate investment trusts are drawing intense interest from foreign investment banks and could add billions of dollars in liquidity to the stagnant Japanese market, experts...

April 6, 2000 BALTIMORE – The post of chairman of Prime Retail Inc. (NYSE:PRT), which is now held by Michael W. Reschke, has been made a non-executive position.The move, according to Reschke, was made so he can dedicate...

April 6, 2000 MEMPHIS, Tenn. – Mike Pascal, executive vice president and chief financial officer of RFS Hotel Investors Inc. (NYSE:RFS) has resigned his posts, effective in July.Pascal, who has been with the company and its predecessors for...

April 6, 2000 BOSTON – William L. Braman, the chief investment officer of Baring Asset Management in London, has been named executive vice president and chief investment officer of John Hancock Funds.Braman fills the post that Anne C....

April 6, 2000 ATLANTA – J.P. Morgan Investment Management has paid $135.5 million, or $203/sf, for 17th Street Plaza, a 32-story office building in Denver.The pension-fund adviser purchased the property on behalf of its clients.The 18-year-old building was...

April 6, 2000 CHICAGO – DigitalWork.com has signed a lease for 137,000 square feet at 175 West Jackson as the renovation of the 1.4-million-sf building nears completion. Although terms of the lease could not be learned, space in...

April 6, 2000 People's Bank of California has provided $25 million of financing for the Fox Sports West building at 10000 Santa Monica Blvd. in Los Angeles. The innovative floating-rate loan carries a 10-year term and was priced...

April 6, 2000 Pittsburgh company agrees to buy aging Pompano Square The Sun-Sentinel, April 6POMPANO BEACH, Fla. – Pittsburgh-based Hastings Development Co. has signed a contract to buy the 30-year-old Pompano Square Mall here for an undisclosed price....

April 6, 2000 NEW YORK – A joint venture led by Lexington Corporate Properties Trust (NYSE:LXP) has paid $24.5 million for a 193,000-square-foot office building in Fishers, Ind., that is leased to a unit of Bank One.The venture,...

April 6, 2000 NORTHBROOK, Ill. – Bradley Real Estate Inc. (NYSE: BTR) has completed the sale of three shopping malls in the Midwest for a total of about $31 million.The company had taken over the properties when it...

April 6, 2000 New firm plans high-tech park in False Creek The Vancouver Sun, April 6 VANCOUVER – A newly founded local firm says it will develop a high-tech park at a vacant industrial site in the False...

April 5, 2000 By Thomas J. Walsh, IPGDirect.com Senior WriterA $109.7 million, single-class securitization backed by two credit-tenant leases is currently being marketed by Donaldson, Lufkin & Jenrette. The two properties are research and development facilities that are...

April 5, 2000 NEW YORK – SL Green Realty Corp. (NYSE:SLG) has acquired a $51.9-million subordinate participation interest in a first mortgage on 2 Grand Central Tower.Credit Suisse First Boston holds the mortgage on the property, which is...

April 5, 2000 WASHINGTON – The U.S. unit of a Spanish hotel company is paying $325 million for a portfolio of 16 hotels owned by Bedrock Partners, a Dallas investment firm.Barcelo Hotels USA's acquisition of the Wyndham Garden...

April 5, 2000 TrizecHahn invests $160 Mln in Global Switch The National Post, April 5 TORONTO – Wasting no time after divesting much of its Canadian real estate, TrizecHahn Corp. unveiled its expected move into technology, saying it...

April 5, 2000 ATLANTA – IRT Property Co. (NYSE: IRT) has promoted James G. Levy to executive vice president and chief financial officer, effective immediately.Levy, who most recently served as senior vice president and chief accounting officer of...

April 5, 2000 Office-space entrepreneur back in real estate game The Orlando Sentinel, April 5ORLANDO, Fla. – Orlando businessman James Heistand is buying 2 million square feet of office space and 38 acres of undeveloped land for $178...

April 5, 2000 NEW YORK – Standard & Poor's has assigned a preliminary single-A/single-A-minus rating to Weingarten Realty Investors' (NYSE:WRI) $389.5-million, mixed shelf registration and affirmed the shopping center REIT's single-A corporate credit rating. The outlook is stable.The...

April 5, 2000 ATLANTA – Wells Real Estate Investment Trust has paid $17.4 million for 8555 South River Parkway, a 95,133-square-foot office building in Tempe, Ariz., that serves as the headquarters for ASM Lithography Holding NV.ASM Lithography's lease...