December 22, 1999 (NewsTraders.com) -- Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) subsidiary ITT Sheraton Corp., a defendant in litigation relating to Sheraton's management of a hotel, was hit with a 'guilty' verdict earlier in December and is...

December 22, 1999 (NewsTraders.com) -- Investor Peter Kross, who in the past has evolved from a passive to an active shareholder of Malan Realty Investors (NYSE:MAL), no longer plans to nominate a slate of directors for Malan's board,...

December 22, 1999 Keystone Property Trust (NYSE: KTR) has filed a Form 424B4 (Prospectus Filed Pursuant to Rule 424) with the SEC.

December 22, 1999 Westfield America Inc. (NYSE:WEA) has filed a Form S-3 with SEC. The filing relates to the possible issuance of 1,185,854 shares of the company's common stock to holders of Westfield America's operating partnership units.

December 22, 1999 (NewsTraders.com) -- Sutro & Co. analyst Craig Silvers initiated coverage of Arden Realty (NYSE:ARI) with a "buy" recommendation.Silvers called the stock undervalued on several measures and pointed out that it is well positioned to post...

December 22, 1999 Highwoods Properties Inc. (NYSE:HIW) has filed Form 8-K with the SEC.

December 22, 1999 United Dominion Realty Trust Inc. (NYSE: UDR) has filed a Form 8-K (Current Report) withthe SEC.

December 22, 1999 NEW YORK – Millennium Partners completed its $122 million purchase of the Ritz-Carlton in Boston from Host Marriott Corp.The 275-room hotel will continue to be managed and operated by Ritz-Carlton Hotel Co., which will also...

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...