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...

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 29, 1999 Keystone Property Trust has filed a Form 424B3 (Prospectus Filed Pursuant toRule 424) with the SEC.

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...