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 ATLANTA – Wells Real Estate Investment Trust has paid $14.3 million, or $110/sf, for 15501 North Dial Boulevard in Scottsdale, Ariz., which serves as Dial Corp.'s headquarters.Dial leases the three-year-old building, which has 130,000-square-feet, for...

April 5, 2000 MENLO PARK, Calif. – Spieker Properties Inc. (NYSE:SPK) said it will immediately start construction of the first phase of Skyport Plaza office development, at the entry of San Jose International Airport.The mixed-use project will contain...

April 5, 2000A group led by Steven M. Lowy has taken an 82.1 percent stake in Westfield America Inc. (NYSE: WEA).According to an amended Form SC 13D filed today with the SEC, the group holds 73.9 million shares...

April 5, 2000 CHICAGO – Andersen Consulting has leased 131,201 square feeet at 180 North LaSalle Street, a 770,000 square foot office building in downtown Chicago that is owned by Prime Group Realty Trust (NYSE:PGE).Although terms of the...

April 5, 2000 NEW YORK – SL Green Realty Corp. (NYSE:SLG) has sold an interest in 321 West 44th Street to Morgan Stanley Real Estate Fund III in a deal that values the building at $28.4 million.SL Green...

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...

April 5, 2000 Kensington Investment Group Inc. has filed a Proxy Statement with the SEC, effectively launching its proxy battle with Malan Realty Investors Inc.'s (NYSE:MAL) management. Kensington, which owns 10.3 percent of Malan's shares, is trying to...

April 5, 2000 ATLANTA – Wells Real Estate Investment Trust paid $16 million for 8075 South River Parkway in Tempe, Ariz., which is fully leased to Motorola's Satellite Communications division.The building was constructed in July 1998 and is...