December 21, 1999 DENVER – Apartment Investment and Management Co. (NYSE:AIV) has agreed to buy the general and limited partnerships in 15 apartment complexes containing 7,793 units for $296 million, or about $38,000/unit.The partnerships are controlled by the...

December 21, 1999PITTSBURGH – A $20.5 million downtown apartment project is planned for two historic buildings here. The buildings, 911 and 921 Penn Ave., originally developed in 1905 and 1906 as a department store with warehouse space, will...

December 21, 1999 BOSTON – Stone & Webster Inc. (NYSE: SW), an industrial consulting firm, expects to close on the sale of its headquarters building at 245 Summer Street in Boston Dec. 28.The buyer is Fidelity Corporate Real...

December 21, 1999 (NewsTraders.com) -- Real estate investment trusts, laggards in the stock market during 1999, appear to be picking up steam as the year draws to a close, aided by a choice strategic alliance, the weighty hand...

December 21, 1999 One Liberty Properties Inc. (AMEX:OLP) has filed Form 8-K with the SEC. The company has increased the size of its board to seven from five, adding Matthew Gould and Jeffrey Gould.

December 21, 1999 ANN ARBOR – Captec Net Lease Realty Inc. (NASDAQ: CRRR) is consolidating its operations and will give up its REIT status. It is also slashing its quarterly dividend to 11 cents/share from 38 cents/share.The REIT...

December 21, 1999 (NewsTraders.com) -- The Commerce Department releases its report on Retail Sales for October at 10 a.m., according to an economic data calendar compiled by Equity Analytics.

December 21, 1999 HOUSTON – Crescent Real Estate Equities Co. (NYSE:CEI) has received a $200 million financing package for the 2.9 million-square-foot Houston Center, the city's largest downtown real estate property.Scott Galloway of Holliday Fenoglio Fowler's Houston office...

December 21, 1999 Charles E. Smith Residential Realty Inc. (NYSE: SRW) has filed a Form S-3 (RegistrationStatement) with the SEC.

December 21, 1999 Rayonier chooses NationsBank TowerFlorida Times-Union, December 21JACKSONVILLE, Fla. – Timber giant Rayonier Inc. has agreed to lease 33,000 square feet on two floors in the downtown NationsBank office tower for its headquarters operation. The company...

December 20, 1999 Apartment Investment & Management Co. (NYSE:AIV) has filed a Form S-3 with the SEC. This filing relates to the possible sale of up to 510,613 shares of Class A Common Stock.

December 20, 1999 MGI Properties (NYSE:MGIP) has filed Form 8-K with the SEC.

December 20, 1999 SAN FRANCISCO – Wells Fargo Bank and GMAC Commercial Mortgage and five other commercial mortgage lenders have agreed to take preliminary loan applications through LoopLender, an online loan-origination service.Wells, GMAC, Artesia Mortgage Capital, Cambridge Realty...

December 20, 1999 SPOKANE, Wash – Cavanaughs Hospitality Corp. (NYSE:CVH), an owner and operator of full-service hotels in the Northwest, has agreed to acquire WestCoast Hotels Inc., a competing hotel company based in Seattle.Terms of the deal, which...

December 20, 1999 BCIMC takes on $4-Bln portfolioVancouver Sun, December 18 VANCOUVER – When a little-known arm of the B.C. government last week bought Canadian Imperial Bank of Commerce's real estate portfolio, the public employees' pension fund was...

December 20, 1999 (NewsTraders.com) -- McDonald Investments analyst Anatole Pevnev initiated coverage of Alexandria Real Estate Equities (NYSE:ARE) today with a "buy" rating and a 12- to 18-month price target of $31.Pevnev commented that Alexandria operates as a...

December 20, 1999 Trammell Crow is dished a plate full of projects at DisneyOrlando Sentinel, December 20LAKE BUENA VISTA, Fla. – The Celebration Co. has hired Trammell Crow to handle sales of commercial property at Celebration Place and...

December 20, 1999 By Debra Beachy, VertiNews.com CorrespondentHOUSTON – Houston's office market cooled down in the third quarter, with the vacancy rate climbing to 12.8 percent from 10.8 percent.But leasing activity should improve, primarily because 17,000 jobs were...

December 20, 1999 JOHNSTOWN, Pa. – Nicholas J. Pasquerilla, executive vice president of facilities planning at Crown American Realty Trust (NYSE:CWN), will retire effective Feb. 18.Paquerilla oversaw the construction of more than 47 million square feet of space,...

December 20, 1999 SAN FRANCISCO – The AFL-CIO Building Investment Trust has provided $30.8 million of construction/permanent financing for the Holiday Inn Express and Suites at San Francisco's Fisherman's Wharf.The 250-room hotel at 455 Beach Street, is slated...

December 20, 1999 (NewsTraders.com) -- General Growth Properties (NYSE:GGP) was initiated today with a "buy" rating and $30 price target by CIBC World Markets analyst Jeff Olson, according to a contact at the brokerage firm.Further information on the...

December 20, 1999 Keystone Property Trust (NYSE: KTR) has filed a Form 8-K (Current Report) with the SEC.

December 20, 1999 CHICAGO – AMLI Residential (NYSE:AMLI) has sold AMLI at Park Place, a 588-unit apartment complex in Austin, Texas, for $25.8 million.The property was owned by a partnership 25 percent owned by AMLI. As a result,...

December 20, 1999 Wilshire Real Estate Investment Trust Inc. (NYSE: WREI) has filed a Form 8-K (Current Report) with the SEC.

December 20, 1999 CHARLOTTE, N.C. – The Banc of America Securities commercial mortgage-backed securities index fell by 0.51 percent this week to 118.8, but continued the trend of outperforming comparable Treasuries – by 10 basis points. CMBS have...