January 6, 2000 Development Board approves hotel's first phaseSarasota Herald-Tribune, January 6SARASOTA, Fla. – The Sarasota Review Committee has cleared the way for the first phase of development of the proposed Ritz-Carlton Hotel project. The 17-story, 272-room hotel...

January 6, 2000 Bids still coming in for Imasco's GenstarThe National Post, January 6MONTREAL – Imasco Ltd. will accept bids for its Genstar Development Co. for another two weeks. So far, the company said, 12 of 31 parties...

January 6, 2000 Keystone Property Trust (AMEX:KTR) has filed a Form 8-K with the SEC.

January 6, 2000 Charles E. Smith Residential Realty Inc. (NYSE:SRW) has filed a Form 8-K with the SEC.

January 6, 2000 Metropolitan Life is once again shopping Leadership Square in Oklahoma City after a proposed sale to HRPT Properties Trust (NYSE:HRP) fell through.HRPT had been negotiating to buy the 736,000-square-foot office complex – widely viewed as...

January 6, 2000SAN DIEGO – Burnham Pacific Properties Inc. (NYSE:BPP) has sold its interest in BPP Retail LLC, a joint venture with California Public Employees' Retirement System, for $39.4 million.Burnham Pacific is using the $29.1 million of cash...

January 6, 2000 REDWOOD CITY, Calif. – DHL Airways is moving its corporate headquarters to San Francisco from Redwood City. DHL will begin its move to 50 California Street in December 2000, when the five-year lease on its...

January 5, 2000 Associated PressLAS VEGAS – Robert Bigelow was fascinated by UFOs as a child. Now he says he's willing to gamble $500 million that space fans will shell out big bucks to orbit the moon in...

January 5, 2000 WASHINGTON – CarrAmerica Development Inc. has broken ground for the first phase of Dry Creek Corporate Center in Englewood, Colo. The three-story office building totaling 94,000 square feet, is expected to be completed this summer.Dry...

January 5, 2000 Trammell Crow to redevelop newly acquired Mazda centerFlorida Times-Union, January 5JACKSONVILLE, Fla. – Developer Trammell Crow plans a $9.5 million investment in a Southside office-warehouse that it will redevelop into the Deerwood Commerce Center. Trammell...

January 5, 2000 A Captec Net Lease Realty Inc. (NASDAQ:CRRR) shareholder who says he has the backing of some 25 percent of the REIT's shareholders wants to find a buyer for Captec, according to the Wall Street Journal.Zell...

January 5, 2000 A venture between the Pennsylvania State Employees' Retirement System and Pennsylvania REIT (NYSE:PEI) agreed to pay $140 million for Willow Grove Park, a 981,000-square-foot shopping center in the Philadelphia suburbs that PREIT already managed.The property...

January 5, 2000 Rideau Centre expansion in worksOttawa Citizen, January 5OTTAWA – A massive expansion of the Rideau Centre, downtown Ottawa's biggest magnet for shoppers, appears to be moving forward. The expansion will likely include a new convention...

January 5, 2000 OAK BROOK, Ill. – CenterPoint Properties Trust (NYSE:CNT) has acquired six industrial properties in Illinois and Wisconsin for $34.5 million, while selling four properties for $22.2 millionThe acquisitions totaled 996,000 square feet, while the properties...

January 5, 2000 (NewsTraders.com) -- Prison Realty Trust (NYSE:PZN), beset by uncertainty concerning a proposed restructuring program, its future as a real estate investment trust and a potential equity infusion, was dealt another hardship Wednesday morning in the...

January 5, 2000 Camden Property Trust has filed a Form POS AM (Post-Effective Amendment) with the SEC.

January 5, 2000DALLAS – CB Richard Ellis Investors has completed the $111 million purchase of Lincoln Plaza in Dallas.The pension fund adviser purchased the 45-story, 1.1 million-square-foot office building at 500 N. Ackard, on behalf of the California...

January 5, 2000 By Brad Berton, VertiNews.com Contributing EditorAn affiliate of Fairfield Residential Cos. has acquired 17 acres in Valencia in northern Los Angeles county and is immediately beginning construction of a 316-unit residential community.Greg Nevill, a vice...

January 5, 2000 AUSTIN, Texas – Olympus Real Estate Corp. has formed a joint venture with Stratus Properties Inc. (NASDAQ:STRS) that purchased from Stratus land near Austin for $11 million.The land encompasses 54 platted lots, each larger than...

January 5, 2000 (NewsTraders.com) -- Salomon Smith Barney launched coverage of Starwood Financial (NYSE:SFI), assigning the stock a "buy" rating and $23 price target. Starwood is a real estate finance company headquartered in New York City.Further information wasn't...

January 5, 2000 HARTFORD – UBS Asset Management has completed its purchase of Allegis Realty Investors LLC and its unit AgriVest LLC.Allegis is changing its name to UBS Brinson Realty Investors LLC. Allegis' president, James W. O'Keefe, becomes...

January 4, 2000 GLENDALE, Calif. – UnumProvident Corp. has signed a six-year lease to occupy about 111,000 square feet at Glendale Plaza, the first speculative high-rise office building to be constructed in the Los Angeles area during the...

January 4, 2000 Associated PressBERLIN – As part of a strategic shift toward e-commerce, German retailer Metro AG said Tuesday it sold retail properties with a book value of 5.4 billion marks (US$2.8 billion) at the end of...

January 4, 2000 NORTHBROOK, Ill. – The pension-fund of an ivy-league university has put two net-leased buildings up for sale with an asking price of $17.4 million.The buildings, which total 139,000 square feet, are both leased for ten...

January 4, 2000 (NewsTraders.com) -- Cornerstone Property Trust (NYSE:CPP) was launched at "buy" with a $16 price objective in new coverage from McDonald Investments analyst Anatole Prevnev, who backed up his convictions by citing the company's internal growth...