January 3, 2000 Associated Press/ASIA WorldSources Inc.The economic crisis changed the landscape of the Thai property sector. And though many ailing firms permanently disappeared from the property market, some remain. Through asset sales, debt restructuring and the inducement...

January 3, 2000 JOLIET, Ill. – Unimast Inc. has signed a 15-year lease for a 150,000-square-feet manufacturing and distribution center that will be constructed in the Rock Run Business Park in Joliet. The lease, which is valued at...

January 3, 2000 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) has raised $10.8 million from a private investor by selling a 60-percent joint venture interest in a 348,400-square-foot office complex that is net-leased to Blue Cross/Blue Shield...

January 3, 2000 JACKSON, Miss. – EastGroup Properties (NYSE:EGP) sold its Waldenbooks/Borders Distribution Center in Nashville for $21.4 million and bought Southeast Crossing Business Center in Memphis for $12 million.The 564,000-square-foot Waldenbooks/Borders center was fully leased and had...

January 3, 2000 ALPHARETTA, Ga. – Golf Entertainment Inc. (NASDAQ:GECC) sold its LEC Leasing Portfolio to Somerset Capital Ltd. for about $16 million. Separately, Golf Entertainment has agreed to buy the real estate at its Traditions Gold Club...

January 3, 2000 Prime site offered for saleOrlando Sentinel, January 3ORLANDO, Fla. – A 16-acre parcel on Lee Road at I-4 is being shopped for $14.3 million and marketed for redevelopment into 700,000 square feet of Class A...

January 3, 2000 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE:CLI) has sold a 55 percent interest in five buildings at two of its complexes in Parsippany, N.J., for $83.6 million.The buildings are located at 2 Hilton Court, 2...

January 3, 2000 NEW YORK – BNY Asset Solutions LLC, a subsidiary of The Bank of New York was named special servicer for two commercial mortgage-backed securities issues.The firm was formed last year through the consolidation of Trotter...

December 30, 1999 Captec Net Lease Realty Inc. (NASDAQ:CRRR) has filed Form 8-K with the SEC, detailing the merger among Captec Net Lease Realty, Captec Acquisition Inc., Captec Financial Group and Captec Net Lease Realty Advisors Inc.

December 30, 1999 CLEVELAND – Meridian Point Realty Trust '83 (OTC:MPTBS) has agreed to acquire Liberty Self-Stor Ltd., a company controlled by Meridian's chairman and chief executive. Liberty, which is based in Mentor, Ohio, owns 15 self-storage facilities...

December 30, 1999 CLEVELAND – First Union Real Estate Investments (NYSE:FUR) said it has entered into a confidentiality and standstill aggreement with Wellsford Real Properties Inc. (AMEX:WRP).The agreements allow First Union and Wellsford to explore the the possibility...

December 30, 1999 Simon Property Group Inc. (NYSE:SPG) has filed Form S-3 with the SEC. The filing will permit Teachers Insurance to sell on the secondary market 1 million shares of Simon's Series E cumulative redeemable preferred shares,...

December 30, 1999 Associated PressNASHVILLE, Tenn. – A deal to restructure the world's largest for-profit prison company is being challenged in court by a shareholder. The lawsuit, filed yesterday in Davidson County Chancery Court, accuses the management of...

December 30, 1999Associated PressBRANFORD, Conn. – Connecticut Hospice Inc. has finalized an agreement to pay $16.9 million for a three-story, 61,120-square-foot building on the shore of Long Island Sound.The facility – which provides care and comfort to people...

December 30, 1999 Town & Country Trust (NYSE:TCT) has filed with the SEC Form S-3, a shelf registration for the potential sale of up to $75 million of common or preferred shares or warrants.

December 30, 1999 (NewsTraders.com) -- Greenlight Capital L.L.C. filed today to report holding an 8.8% stake in Assisted Living Concepts Inc. (AMEX:ALF)In a 13-D filing, Greenlight, along with its principals, David Einhorn and Jeffrey Keswin, documented ownership of...

December 30, 1999 By Orest Mandzy, VertiNews.com Managing EditorWhile net operating losses are playing a role in the merger talks between First Union Real Estate Equity and Mortgage Investments (NYSE:FUR) and Wellsford Real Properties Inc. (AMEX:WRP), a bigger...

December 30, 1999 (NewsTraders.com) -- An investment group that includes FRR Investments Ltd. and Monument Trust Co. Ltd. filed Thursday afternoon to report holding a 6.6% equity stake in Sunrise Assisted Living Inc. (NASDAQ:SNRZ)The group, which said it...

December 30, 1999 General Growth Properties Inc. (NYSE:GGP) has filed Form 424(b)(3) with the SEC. The prospectus details the REIT's dividend reinvestment plan.

December 30, 1999 VertiNews.com's Commercial Real Estate News will not be publishing tomorrow, in observance of the New Year's holiday. See you again on Monday, Jan. 3, 2000.

December 30, 1999 Metcalfe proposal would cost $350 MlnThe Ottawa Citizen, December 30 OTTAWA – A National Capital Commission plan to reconfigure Metcalfe Street and create a ceremonial boulevard leading to the national capital buildings would cost about...

December 30, 1999 Aetna considers moving operations to JacksonvilleFlorida Times-Union, December 30JACKSONVILLE, Fla. – Aetna Inc. is reviewing options whether to remain in its current locations or consolidate at another site in Jacksonville. An Aetna spokesperson wouldn't confirm...

December 29, 1999 Boston Properties Inc. (NYSE:BXP) has filed a 424(b)(3) prospectus supplement with the SEC. The original prospectus, which was filed in August, relates to the issuance of 17 million common shares, which would be used as...

December 29, 1999 (NewsTraders.com) -- Apex Mortgage Capital Inc. (NYSE:AXM), rebuffed in its earlier attempt to acquire Impac Commercial Holdings Inc. (AMEX:ICHICH), continues to believe that its unsolicited bid offers "demonstrably superior immediate value" to a competing deal,...

December 29, 1999 Miller Global Properties has purchased Alamo Plaza, a 118,000-square-foot office building in Denver for $28 million, or $150/sf, according to the Denver Rocky Mountain News.The building was purchased from Legacy Partners, which had paid $19.5...