January 13, 2000 Developer Mitchell B. Rutter, who leads Essex Capital Partners, has agreed to buy three lots on the northeast corner of Fifth Avenue and 42nd Street in Manhattan on which he plans to construct a 30-story...

January 13, 2000CHICAGO – Patti Unti, a former director of Heller Financial, has joined Cargan City as chief operating officer. Unti, who formerly worked on Heller's conduit, Heller Express, joins Cargan as it is launching its web site,...

January 12, 2000 Phil Vincent has resigned as president and chief operating officer of Wilshire Financial Services Group (OTC:WFSG).Vincent resigned in order to "pursue personal interests." His responsibilities were immediately assumed by Stephen Glennon, chief executive of Wilshire....

January 12, 2000 NEW YORK – Manhattan's office market was on fire last year.According to Cushman & Wakefield Inc., vacancies hit their lowest levels and asking rents their highest in more than a decade.The real estate firm attributed...

January 12, 2000 HOUSTON – L.J. Melody & Co. has hired Harold (Hal) C. Rose as first vice president in its Los Angeles office.Rose most recently was executive vice president of ARCS Commercial Mortgage, a Fannie Mae lender....

January 12, 2000 WEST CONSHOHOCKEN, Pa. – Keystone Property Trust (AMEX:KTR) has completed a 496,000-square-foot distribution facility in Indianapolis for Brightpoint Inc.The project, which is leased to Brightpoint for 20 years, is projected to generate an 11.5 percent...

January 12, 2000 BOSTON – Riverside Center, a new office building that Equity Office Properties Trust is developing in Newton, Mass., is now 74 percent pre-leased, four months before completion. Two companies – Allaire Corp. and Harvard Vanguard...

January 12, 2000 ATLANTA – Post Properties Inc. (NYSE:PPS) has leased up phase II of Post Riverside, a 328-unit apartment building here.Phase II of Post Riverside had a total build-out cost of $46 million, with a funds from...

January 12, 2000 Dutch pension fund Stichting Pensioenfonds voor de Gezondheid, Geestelijke en Maatschappelijke Belangen has taken a 5.2 percent interest in JDN Realty Corp. (NYSE:JDN)The fund owns 1.8 million shares of the REIT, as detailed in a...

January 12, 2000 Capital Growth Management LP, a Boston money manager, has accumulated a 10.52 percent interest in Home Properties of New York Inc. (NYSE:HME).In a Form SC 13G/A filed with the SEC, Capital Growth said the shares...

January 12, 2000 MacKenzie Patterson Inc. and related entities have accumulated 36 percent of the outstanding shares of Host Funding Inc. (AMEX:HFD)MacKenzie is headquartered in Moraga, Calif., and manages real estate investments for clients. It owns 11 limited-service...

January 12, 2000 Associated PressWINSTON-SALEM, N.C. – Boston-based GFI Partners paid an undisclosed sum for the former Stroh Brewery, which it plans to convert into a multi-tenant building for light manufacturing and warehousing.The developer has formed a subsidiary,...

January 12, 2000 Duke-Weeks to build Florida Chase complexAtlanta Journal-Constitution, January 12TAMPA, Fla. – Duke-Weeks Realty Corp. will develop a three-building, 450,000-square-foot campus for Chase Treasury Solutions at Highland Oaks Business Center in suburban Tampa. Construction began last...

January 12, 2000 BOSTON – Boston Properties Inc. (NYSE:BXP) has paid about $31 million for an office complex that is being constructed in Needham, Mass.The complex sits on a 14.3-acre site and will contain three buildings with 381,000...

January 12, 2000 Stellar Management and Chetrit Group have agreed to pay about $120 million for Park West Village, a 2,517-unit apartment complex that sits next to Manhattan's Central Park.According to the Wall Street Journal, the property is...

January 12, 2000 Cigna Investments provided $40 million of equity financing for the third and fourth phases of the Summit Office Complex in Aliso Viejo, Calif.The two phases will total 1 million square feet in several low- and...

January 12, 2000 HOUSTON – William C. Tyler has joined L.J. Melody & Co. as senior vice president in the firm's Atlanta office. Tyler was formerly senior director of Holliday Fenoglio Fowler. He founded the firm's Atlanta office...

January 11, 2000 St. Joe enters area office marketTampa Tribune, January 11CLEARWATER, Fla. – The St. Joe Co. has entered the Tampa Bay area office market, buying three Clearwater buildings for $28.5 million. The deal involves the Harbourside,...

January 11, 2000 Provincial, federal reluctance jeopardizes convention centerThe Ottawa Citizen, January 11OTTAWA – Ottawa might miss an opportunity to get badly needed convention space because the Ontario government has not made a financial commitment. Supporters of the...

January 11, 2000 NEW YORK – Impac Commercial Holdings Inc. (AMEX:ICH) and Amresco Capital Trust (NASDAQ:AMCT) have terminated their merger agreement.Impac, which is managed by an affiliate of Fortress Investment Group, an opportunistic investment firm led by Wes...

January 11, 2000 HOUSTON – Camden Property Trust (NYSE:CPT) said six executives have purchased 666,000 Camden common shares for $17.5 million.Their purchases were funded by personal loans they received from Bank One. Camden provided a corporate guarantee for...

January 11, 2000Office real estate enters the new decade a clear winner, though its very success is expected to bring slightly higher office vacancy rates in the year 2000. That is the general finding of the year 2000...

January 11, 2000 WASHINGTON – Cushman & Wakefield has been named the exclusive leasing agent for Washington Square, a 700,000-square-foot office building at 1050 Connecticut Avenue NW.Cushman & Wakefield's Mark Minich and Brian Raher, both based in the...

January 11, 2000 Associated PressSAN ANTONIO, Texas – Central Texas development company Barshop and Oles will sell six of its shopping centers. Company president Pat Oles told the San Antonio Express-News that no price has been set for...

January 11, 2000 SCOTTSDALE, Ariz. – Olympus Real Estate Corp. has formed Olympus Hospitality Group, bringing together the brands Rockresorts, Unique Hotels, Park Plaza International and Park Inns International under one operating structure.The new company will aggressively pursue...