March 27, 2000 Visa International division to get high-tech Miami HQThe Sun-Sentinel, March 27MIAMI – Visa International's Latin American and Caribbean division has broken ground on its new 170,000-square-foot headquarters building just south of Miami Airport at NW...

March 24, 2000 AmSouth, law firm interested in Highwoods building downtownFlorida Times-Union, March 24JACKSONVILLE, Fla. – AmSouth bank and the Foley & Lardner law firm are both contemplating a move into a new downtown office building, pending decisions...

March 24, 2000 TrizecHahn in talks to sell Canadian assetsThe Globe and Mail, March 24 TORONTO - Real estate giant TrizecHahn Corp. is in talks to sell its major Canadian office assets, including all of its Calgary holdings....

March 24, 2000 FAIRFIELD, N.J. – Prime Hospitality Corp. (NYSE:PDQ) has agreed to buy leasehold interests in 27 Sumner Suites hotels from Sholodge Inc.Prime, which plans to convert the properties into AmeriSuites hotels, will operate them under agreements...

March 24, 2000 By Debra Beachy, IPGDirect.com CorrespondentHOUSTON – Demand for Houston's warehouse space continues to rise, and now retailers are getting on the bandwagon, according to real estate brokers.Factory outlet retailers are renting warehouse space in largely...

March 23, 2000 MARKHAM, Ontario – Brookfield LePage Johnson Controls has signed a 2 billion Canadian dollar (US$1.36 billion), five-year agreement to manage the Canadian real estate operations of Royal Bank Financial Group.Brookfield will provide real estate operations...

March 23, 2000 Associated PressOKLAHOMA CITY – A controversial effort is still under way to have the state acquire the Lincoln Park Plaza Office Park in Oklahoma City. The Senate General Government Committee voted 6-2 on Wednesday to...

March 23, 2000 ROCHESTER – Home Properties (NYSE:HME) has paid $14.4 million for two apartment complexes, Deerfield Woods and Macomb Manor, which combined have 360 units in suburban Detroit.The two properties were purchased from Schostak Brothers & Co.,...

March 23, 2000 Report: Infrastructure needed for high-tech businessesThe Ottawa Citizen, March 23 OTTAWA – The region needs a long-range plan for providing commercial lands, transportation and other infrastructure to foster continued growth in the high-tech economy, according...

March 23, 2000 SAN FRANCISCO – AMB Property Corp. (NYSE:AMB) has raised $20 million through the private placement of 7.95 percent series F cumulative redeemable preferred shares. The preferred cannot be redeemed before March 22, 2005. At that...

March 23, 2000 Mall proposed for Coweta might not open until 2004The Atlanta Journal-Constitution, March 23NEWNAN, Ga. – CBL & Associates of Chattanooga has planned to build a 1.3 million-square-foot mall on 150 acres west of I-85 in...

March 23, 2000 BOSTON – FleetBoston Robertson Stephens, a unit of FleetBoston Financial, has arranged a $175 million mezzanine facility for Olympus Real Estate Corp.Olympus used the debt to finance its $1.7 billion purchase of Walden Residential Properties...

March 23, 2000 NEW YORK – Starwood Financial Inc. (NYSE:SFI) has acquired American Corporate Real Estate LLC, an investment advisory operation that invests on behalf of William E. Simon & Sons.Starwood issued 215,000 common shares to American Corporate's...

March 23, 2000 By Orest Mandzy, IPGDirect.com Managing EditorKennedy-Wilson Inc. (NASDAQ:KWIC), which earlier this week completed the purchase of a $275 million portfolio of loans from a Japanese life insurance firm, is expected to complete the purchase of...

March 23, 2000By Susanna Potter, IPGDirect.com Editorial AssistantHOUSTON – Litigation is again holding up the sale of a majority interest in a 1.3 million-square-foot, Class-A office building in downtown Houston.FirstCity Liquidating Trust (OTC:FCFCL) is trying to sell its...

March 23, 2000 LONDON – Blue Circle Industries PLC (London: BCI), a British concrete company with extensive real estate holdings in England that is fighting off an aggressive buyer, is posting a document to its shareholders today, describing...

March 22, 2000 Midtown tower clears finance hurdleThe Atlanta Journal-Constitution, March 22ATLANTA – Pope & Land Enterprises has secured financing for Atlantic Center Plaza, a 500,000-square-foot office tower at West Peachtree and 14th Street. The Cobb County-based developer...

March 22, 2000NORTHBROOK, Ill. – Grubb & Ellis Co. (NYSE:GBE) has entered into a joint venture with affiliate Grubb & Ellis/Pacific Realty to form Grubb & Ellis/Las Vegas.The Las Vegas area has been one of the fastest-growing regions...

March 22, 2000 Westmount mall undergoing renovationThe Edmonton Journal, March 22 EDMONTON – The Westmount shopping centre is undergoing a $30 million renovation and a name change to Westmount Centre. The renovation, expected to be completed by summer,...

March 22, 2000 WESTCHESTER, N.Y. – Nestle USA Inc. has sold a multi-tenant office complex here to La Salle Investment Advisors for $47.5 million, or about $170 per square foot.The 280,000-sf building sits on 35 acres at 100...

March 22, 2000 Japan's Ministry of Finance and Ministry of Construction have proposed legislation that will likely result in the formation of real estate investment trusts in the island nation. The two ministries have presented a bill to...

March 22, 2000 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) has acquired a 56,500-square-foot office facility in Hampton, Va., for about $6.7 million, $4.6 million of which was satisfied with a mortgage. The price works out to...

March 22, 2000 FLINT, Mich. – Read P. Dunn has formed a new business venture called Great Lakes Real Estate and Commercial Mortgage Co., aiming to provide expanded access to commercial real estate financing by local businesses and...

March 22, 2000 By Thomas J. Walsh, IPGDirect.com Senior WriterUnderwriters of a $1.37 billion commercial mortgage-backed securities deal by Lehman Brothers and Warburg Dillon Read have delayed issuing price guidance on the deal until Monday morning. An unusually...

March 22, 2000 Daiichi Real Estate has sold its 15-story building at 1 East 57th St. in Midtown Manhattan to New York investor Ken Natori for $51 million, the Wall Street Journal reported today.The 91,000-square-foot property, also known...