December 29, 1999 NCC has radical plans for downtown OttawaThe Ottawa Citizen, December 29OTTAWA – The National Capital Commission is considering a massive redevelopment of downtown to make way for a ceremonial boulevard, one that could require that...

December 29, 1999 Prison Realty Trust Inc. has filed a Form 8-K (Current Report) with the SEC.

December 29, 1999 RFR Holdings is paying $45.7 million for a 52.5 percent interest in 1328 Broadway in Midtown Manhattan, according to the Wall Street Journal.The investment firm is planning to ultimately turn the bottom three floors of...

December 29, 1999 Alliance Holdings LLC of Chicago paid about $95 million for a portfolio of 19 Houston-area garden apartment complexes that were owned by Tower Management Service, according to the Wall Street Journal.Tower, which is headquartered in...

December 29, 1999 JER Partners, an affiliate of J.E. Robert Cos. of McLean, Va., and Endeavor Real Estate Group of Austin, Texas, have paid more than $60 million for IBM Corp.'s manufacturing facility in North Austin, according to...

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...

December 29, 1999 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) sold a 157,500-square-foot retail property in Anchorage, Alaska, for $18.5 million.The property is net-leased to Eagle Hardware & Garden Inc. through October 2017. The annual net rent...

December 29, 1999 by Andrea Bryan, Director, Real Estate Finance Group, Standard & Poor's Ratings ServicesThe 1999 CMBS market recovered from the uncertainty that was sparked by the capital market disruption in the summer of 1998. However, several...

December 29, 1999 Adam's Mark to expansion beachsideDaytona Beach News-Journal, December 29DAYTONA BEACH, Fla. – Adam's Mark Hotel Chain chief Fred Kummer renewed a commitment to a $45 million expansion of the beachside hotel after talks at the...

December 28, 1999 Developers Joseph Moinian and Larry Gluck have agreed to pay $120 million, or $100/sf, for 500 and 512 Seventh Avenue in Manhattan, according to the New York Post.The two buildings are being purchased from a...

December 28, 1999 AmSouth interested in anchoring new building downtownFlorida Times-Union, December 28JACKSONVILLE, Fla. –AmSouth Bank has a letter of intent to talk with developer Highwoods Properties Inc. about anchoring a downtown structure. The developer has been considering...

December 28, 1999 AUSTIN, Texas – Stratus Properties Inc. (NASDAQ:STRS) has raised $30 million of debt from Comerica Bank-Texas.Stratus, a developer and real estate manager, received a $20 million term loan and a $10 million revolving line of...

December 28, 1999 CALABASAS, Calif. – Bay View Capital Corp. (NYSE:BVC) has hired Countrywide Securities Corp. (NYSE:CCR) to market selected portfolios of franchise loans that it originates.Although details of the potential offerings could not be learned, Countrywide is...

December 27, 1999 Price is right on 75 acres: no chargeSouth Florida Business Journal, December 27PALM BEACH GARDENS, Fla. – Catulfumo Construction and Development Co. wants to give away 75 prime acres at PGA Boulevard and I-95 in...

December 27, 1999 (NewsTraders.com) -- First Union Securities has lowered its 2000 earnings estimate for AvalonBay Communities (NYSE:AVB) due to continued dilution as the impact from asset sales is greater than expected.Accordingly, the brokerage firm is modifying its...

December 27, 1999 Wilshire Real Estate Investment Trust Inc. (NYSE:WREI) has filed a Form 8-K (CurrentReport) with the SEC.

December 27, 1999 NASHVILLE, Tenn. – An investment team comprised of Fortress Investment Group LLC, Blackstone Group and Bank of America have agreed to invest up to $350 million in Prison Realty Trust Inc. (NYSE:PZN), effectively recapitalizing the...

December 27, 1999 HRPT Properties Trust (NYSE:HRP) has filed a Form 8-K (Current Report) with SEC.

December 27, 1999 Criimi Mae Inc. (NYSE:CMM) has filed Form 8-K with the SEC that details the REIT's amended plan of reorganization. The plan calls for Criimi to be recapitalized with $873 million of funding. Merrill Lynch and...

December 27, 1999 NEW YORK – Fitch IBCA has affirmed ratings of Resolution Trust Corp., 1991-M6. The action follows the release of $11.9 million from the issue's reserve fund to cover certain losses allocated to the issue's Class-B...

December 27, 1999 Associated Press CHARLESTON, S.C. – The future of the L. Mendel Rivers Federal Office Building here is uncertain, but the city's mayor would like to see the prime piece of real estate back in use...

Washington D.C. is exploring selling several government office buildings, according to the Washington Post.The city would sell certain buildings in order to move the agencies that currently occupy them into neighborhoods. Among the buildings that could be offered...

December 27, 1999 Gentra goes ahead with stock buybackThe National Post, December 27 TORONTO – After unsuccessfully bidding to acquire the properties of Royal Bank of Canada and Canadian Imperial Bank of Commerce, Gentra Inc. plans to buy...