February 15, 2000 GREAT NECK, N.Y. – One Liberty Properties Inc. (AMEX:OLP) has bought, through a wholly owned subsidiary, a 51,000-square-foot building located in Plano, Texas, for about $7.65 million, or $150/sf.The 4.3 acres site contains a single-story...

February 15, 2000 Associated PressAMES, Iowa – Iowa State University is considering selling its 66-year-old publishing house. Increased competition and the lack of a permanent director have prompted the school's board of directors to look at a sale,...

February 15, 2000 Associated PressTOKYO – L Kakuei Corp., a Tokyo real estate developer, filed for court bankruptcy protection on today, according to a Japanese credit research agency. L Kakuei applied to the Tokyo District Court under the...

February 15, 2000 Nortel spending triggers fiber-optic boom townThe Ottawa Citizen, February 15OTTAWA – Nortel Networks Corp. will spend more than U.S. $100 million of its $400 million expansion push in the Ottawa area during the next 18...

February 15, 2000 Hardin Construction sues Citicorp for millionsTampa Tribune, February 15TAMPA, Fla. – Hardin Construction group, which built Citicorp's company's $100 million, 100-acre corporate campus in east Tampa, is suing the financial giant, claiming it still owes...

February 15, 2000 (NewsTraders.com) -- JDN Realty (JDN) was downgraded to "underweight" from "aggressive buy" today in a rating demotion handed down from McDonald Investments analyst Richard Moore, who cited accounting snafus at the real estate investment trust,...

February 15, 2000 By Thomas J. Walsh, IPGDirect.com Senior WriterCiting the spike in interest rates so far this year, Greenwich Capital Markets has started offering floating-rate loans through its conduit loan program.The investment bank's "bridge-to-perm" program allows borrowers...

February 14, 2000 Taylor & Mathis building in Gwinnett and CobbAtlanta Business Chronicle, February 14ATLANTA –Taylor & Mathis Inc. is developing more speculative office space at two of its suburban parks after recent successful leasing. The company is...

February 14, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $33.3 mln$28.8 mln $106.3 mln $91.9 mln FFO/shr (diluted) $1.04 $0.93 $3.31 $2.97 Extra Gain (Loss) -- -- ($1.6 mln) -- Net Income $10.8 mln $11.2 mln $31.1 mln $29.3...

February 14, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $7.6 mln$4.5 mln $28.9 mln $13.7 mln FFO/shr (diluted) $0.36 $0.30 $1.40 $1.10 Extra Gain (Loss) ($0.07 mln) ($5.8 mln) ($0.5 mln) ($5.8 mln) Net Income $3.7 mln ($13.5 mln)...

February 14, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $24.5 mln$22.9 mln $96.8 mln $86.5 mln FFO/shr (diluted) $0.60 $0.57 $2.38 $2.16 Net Income $11.9 mln $10.8 mln $40.5 mln $37 mln Net/shr$0.30 $0.26 $1.02 $0.94 Revenue$69.7 mln $64.9...

February 14, 2000 MALVERN, Pa. – Liberty Property Trust (NYSE: LRY) Chief Operating Officer Joseph Denny will step down from his position effective April 1 and assume his new position as vice chairman of the real estate investment...

February 14, 2000 Associated PressST. JOSEPH, Mo. – City leaders are looking to attract a buyer for the soon-to-be-closed Quaker Oats plant here.They hope the 756,321-square-foot building will attract another employer like Quaker, which announced last month it...

February 14, 2000 CHARLOTTE, N.C. – Robert R. Kilroy, a former managing director of Prudential Real Estate Investors, will join Summit Properties Inc. (NYSE: SMT) as executive vice president and director of development.Kilroy has been with Prudential since...

February 14, 2000 Associated PressCHARLOTTE AMALIE, U.S. Virgin Islands – The largest oil refinery in the Western Hemisphere has received $600 million in financing to build a crude oil processing plant and repay bank debts, company officials said....

February 14, 2000 Associated PressCHICAGO – Prudential Plaza and the equally prominent 333 W. Wacker Drive office building are for sale, according to Crain's Chicago Business. Prudential Insurance Co., owner of the two-building Prudential Plaza, pulled the project...

February 14, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $11 mln$11.7 mln $45.6 mln $42.3 mln FFO/shr (diluted) $0.56 $0.51 $2.12 $1.85 Extra Gain (Loss) -- -- ($0.3 mln) -- Net Income $7 mln $8.2 mln $39.9 mln $31.5...

February 14, 2000TORONTO – TrizecHahn Corp. (NYSE: TZH) will restructure its real estate operations in a bid to bolster its sagging share price. The company plans to reduce its North American office portfolio this year by selling assets...

February 14, 2000Two ideas put forward for convention centerThe Ottawa Citizen, February 13OTTAWA – Two proposals to expand the city's convention space would transform the Rideau Centre and the area around. The first proposal would extend the Ottawa...

February 11, 2000 Baupost Group, a Boston investment manager, has acquired 2.1 million shares of LNR Property Corp. (NYSE:LNR), giving it an 8.14 percent interest in the real estate firm.The reasoning behind Baupost's investment in LNR could not...

February 11, 2000 ATLANTA – An investment fund operated by Lend Lease Real Estate Investments has completed its $131.5 million purchase of Franklin Select Realty Trust (AMEX:FSN).The purchase gives Lend Lease's Value Enhancement Fund III Franklin's seven office...

February 11, 2000 By Susanna Potter, IPGDirect.com Editorial AssistantCHARLESTON, S.C. – The federal government plans to sell the L. Mendel Rivers Federal Office Building at 334 Meeting St. in Charleston. But the disposition process could take up to...

February 11, 2000 Associated PressSEOUL, South Korea – Korea Asset Management Corp. has launched road shows in the United States and Europe to sell bad loans and real estate purchased from South Korean financial institutions. Kamco will hold...

February 11, 2000 ATLANTA – Post Properties Inc. (NYSE:PPS) has named Jeffrey A. Harris president and chief operating officer, effective March 1. He succeeds John T. Glover, who will become the company's vice chairman.Harris, a 16-year company veteran...

February 11, 2000 CHARLOTTE, N.C. – Banc of Amercia Securities has formed the CMBS Capital Markets Group, which will originate and securitize large mortgages.The new entity will be headed by Managing Director Ken Rivkin, who runs the bank's...