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 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 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...

February 11, 2000 Associated PressCHANDLER, Ariz. – The city council last night gave Intel Corp. the go-ahead to construct a massive microchip plant it hopes to have in operation within 18 months. The chip manufacturer planned to break...

February 11, 2000 Project to seek telecom firmsAtlanta Journal-Constitution, February 11ATLANTA – Richard Martin and Midtown West Associates will build an 800,000-square-foot industrial and office park targeted at Internet firms seeking loft offices and space for switching stations....

February 11, 2000 CHICAGO – Equity Office Properties Trust (NYSE:EOP) has sold an office complex in Sarasota, Fla., for about $27.7 million, or $112 per square foot.Local investor Osprey S.A. bought the Sarasota City Center – a property...

February 11, 2000 LOS ANGELES – D.L. Babson has provided $75 million of fixed-rate financing on behalf of MassMutual Financial Group to the Estate of James Campbell of Kapoleia, Hawaii.The financing is secured by a portfolio of eight...

February 11, 2000 By Brad Berton, IPGDirect.com Contributing EditorSeattle's Unico Properties has acquired another office complex in suburban Renton, continuing the rapid expansion of its Puget Sound income-property empire.Operating as University Street Properties V LLC in this case,...

February 11, 2000 Burnham Pacific Properties (NYSE:BPP) has scheduled next annual meeting for July 11.The REIT, which has been under fire from firms that have been trying to buy it, was told earlier this week by its financial...

February 11, 2000 CHICAGO – A bank group led by Bank of America has agreed to provide an $800 million line of credit to allow Chicago Title Corp. (NYSE:CTZ) to finance its merger with Fidelity National Financial Inc....

February 11, 2000 CHICAGO – A joint venture between Klaff Realty LP and the Lubert-Adler Funds of Philadelphia paid $5.9 million for an 11-property portfolio from the Hechinger Co. at a bankruptcy auction. Seven of the properties, which...

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 10, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $3.2 mln$3.8 mln $13.6 mln $13.2 mln FFO/shr (diluted) $0.42 $0.48 $1.76 $1.68 Extra Gain (Loss) -- -- ($1.3 mln) -- Net Income (Loss) $0.4 mln $1 mln ($1 mln)...