March 29, 2000 Editor's Note: Beginning today, headlines will serve as links to full stories.Daly site construction faces delay The Ottawa Citizen, March 29 OTTAWA – Doubts about whether a hotel can survive on the downtown Daly site...

March 29, 2000 PHOENIX – New Mexico and Arizona Land Co. (AMEX:NZ) has sold an undeveloped commercially-zoned parcel of land in Chandler, Ariz., to Albertson's Inc. for $2.8 millionThe retail food-drug chain operator plans to develop the 14.6-acre...

March 29, 2000 Apartment Investment & Management Co. (NYSE: AIV) has agree to pay $250 million for a portfolio containing 1,000 apartment units in New York City, according to the Wall Street Journal.The newspaper said the REIT was...

March 29, 2000 LUXEMBOURG – SC-U.S. Realty (NYSE:RTY) has completed its second $100-million share repurchase program bringing the total number of shares repurchased to 10.9 million. It has invested $200 million in its shares.Since last May, the company...

March 29, 2000 By Paul Chavez, Associated Press WriterLOS ANGELES – High-tech innovation and downtown revitalization are crossing paths with Infomart's agreement to pay $40 million, or $80/sf, for the Terminal Annex, the city's main post office for...

March 28, 2000 4th-Qtr 994th-Qtr 9812-mos 99Net Income (Loss) $0.3 mln ($1.3 mln) $6 mln Net (Loss)/shr$0.07 ($0.27) $1.33 Revenue$2.4 mln $12.1 mln Shares outst.4.4 mln 4.5 mln

March 28, 2000 Allied Capital Corp. (Nasdaq:ALLC), an originator of small-business loans and commercial mortgages, has agreed to originate loans via the Internet. The Washington-based firm's AlliedCapitalExpress.com unit will provide real estate related business loans through LiveCapital.com, a...

March 28, 2000Malan Realty Investors Inc. (NYSE:MAL) has filed a proxy statement with the SEC. The REIT has scheduled its annual meeting for May 10 at Hilton Northfield in Troy, Mich.In the proxy, Malan disclosed that Kensington Investment...

March 28, 2000 Western Properties Trust (AMEX:WIR) is looking into a possible merger, sale or recapitalization.The REIT revealed in an Annual Report filed today with the SEC that it has retained Donaldson, Lufkin and Jenrette to act as...

March 28, 2000 Kendall's proposed skyline to shrinkThe Miami Herald, March 28KENDALL, Fla. – Pinecrest officials have agreed to drop their lawsuit over Dadeland Junction, a 1.7 million-square-foot commercial and residential project that would raise the skyline of...

March 28, 2000 BINGHAM FARMS, Mich. – Malan Realty Investors Inc. (NYSE:MAL) has repeated its plan to "resist" Kensington Investment Group's efforts to install five of its candidates to Malan's board, now that Kensington has initiated a proxy...

March 28, 2000 TrizecHahn sells $1.7 Bln portfolioThe National Post, March 28 TORONTO – TrizecHahn Corp.'s 1.7 billion Canadian dollar (US$1.2 billion) sale of almost all of its properties in Canada is being called a brilliant strategic move...

March 28, 2000 Club Monaco has leased 18,000 square feet of retail space at 699 Fifth Avenue in Midtown Manhattan from Starwood Hotels & Resorts (NYSE:HOT).Club Monaco, a clothing retailer owned by Ralph Lauren, will open its flagship...

March 28, 2000 CITY OF INDUSTRY, Calif. – Koll Development Co. has completed the sale of two industrial properties in the Plantation Business Center to Sares-Regis Group for $19 million, or $41/sf.The two buildings have 300,000 square feet...

March 28, 2000 (NewsTraders.com) -- Franklin Mutual Advisers, the holder of a 21.4% equity stake in Wellsford Real Property (AMEX:WRP), plans to take a more active role in its investment, stating late Monday in a regulatory filing that...

March 28, 2000 (NewsTraders.com) -- Zooming in on a diversified real estate operating company that he believes will be able to capitalize on the technology boom, Merrill Lynch analyst Eric Hemel upgraded his intermediate-term rating on Catellus Development...

March 28, 2000 1st-Qtr 001st-Qtr 99Net Income $21.5 mln $20.4 mln Net/shr$0.62 $0.57 Revenue$95.3 mln $76.2 mln Shares outst.34.7 mln 36 mln

March 28, 2000 ATLANTA – A unit of Johnson Controls Inc. (NYSE:JCI) has won a five-year contract worth $1.36 billion to manage the Canadian real estate operations of Royal Bank of Canada. Johnson's Brookfield LePage Johnson Controls will...

March 28, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $49 mln$48.9 mln$198.3 mln $191 mlnFFO/shr (diluted) $0.54$0.54$2.15$2.11Net Income $38 mln $33.4 mln$128 mln$132.5 mlnNet/shr$0.42$0.37 $1.42$1.46 Revenue$109.3 mln $109.9 mln $438 mln$418.6 mln Shares outst.91.5 mln 91.1 mln92.4 mln90.4 mln

March 28, 2000 1st-Qtr 001st-Qtr 99FFO$2.9 mln$2.7 mln FFO/shr (diluted) $0.26$0.25Net Income $1 mln $0.96 mlnNet/shr$0.09 $0.10 Revenue$7.8 mln $6.9 mlnShares outst.5.4 mln 5.1 mln

March 27, 2000 MANHATTAN BEACH, Calif. – Center Trust Inc. (NYSE:CTA) has sharply reduced the common stock dividend it pays, to 21 cents/share, payable April 20 to holders of record March 31.The REIT previously paid a quarterly dividend...

March 27, 2000 NewsTraders.com) -- Financial services company Finova Group (FNV) was lowered to "outperform" from "buy" today by Salomon Smith Barney, according to a source at the brokerage.Early this morning, Finova said first-quarter earnings would miss Wall...

March 27, 2000 CHARLOTTE, N.C. – Banc of America Securities has hired Rochelle Dobbs as managing director of its CMBS Capital Markets group.Dobbs was formerly with Chase Manhattan Bank where she was responsible for commercial mortgage originations for...

March 27, 2000 NEW YORK – Deutsche Bank AG has appointed Karen Weaver as a managing director and head of securitization research in its Global Markets unit. At Deutsche Bank, Weaver will be responsible for all of the...

March 27, 2000 CHICAGO – Equity Office Properties Trust (NYSE:EOP) sold an unimproved site at 3300 West Olive Street in Burbank, Calif., for about $20 million.The site was sold to M. David Paul & Associates, a Los Angeles...