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 7, 2000 LOS ANGELES – 2dmkt.com, which specializes in the marketing of commercial mortgages via the Internet, has $352 million of mortgages listed for sale on its Web site.The mortgages, in two portfolios, are all performing. The...

April 7, 2000ATLANTA – Cousins Properties Incorporated (NYSE: CUZ) has promoted Thomas H. Kirbo to vice president – director of leasing for Cousins/Richmond, its medical office division.In this position, Kirbo will be responsible for the predevelopment leasing and...

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 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 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 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 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 5, 2000 Criimi Mae Inc. (NYSE:CMM) has moved another two steps closer to emerging from bankruptcy.Last week, the District Court for the District of Maryland dismissed a class action suit that charged officers and directors of the...

April 5, 2000 BALTIMORE – Prime Retail Inc. (NYSE:PRT) said it does not expect to make any distributions on its common shares or limited partnership units of Prime Retail LP during 2000.The REIT, however, said it would make...

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...