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...

December 20, 1999 By Paul Gereffi, VertiNews.com Correspondent A long neglected industrial and office park in Palm Beach County, Fla., is starting to show signs of life.The new owners of the Palm Beach Park of Commerce are closing...

December 20, 1999 NORTH STONINGTON, Conn. – The Mashantucket Pequots are asking real estate and marketing firms for advice on the best use of property once considered for a Six Flags theme park. A Mashantucket spokesman says the...

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 17, 1999 (NewsTraders.com) -- Two officers at Ocwen Financial Corp. (NYSE:OCN) combined to sell 117,000 shares of the savings and loan holding company in November, according to Form 4 filings released Dec. 15 by the SEC.Senior Managing...

December 17, 1999 WASHINGTON, DC – Pamela Hinton has been named president of The Society of Industrial and Office Realtors. Hinton replaces Bonnie S. Gottlieb, who had been president since early 1998.Hinton has been senior vice president of...

December 17, 1999 ORLANDO, Fla. – CNL American Properties Fund Inc. has provided $56.1 million of debt financing to the buyers of 54 Wendy's restaurants in the Memphis, Tenn., area.The financing was provided to Valenti Mid South Management...

December 17, 1999 CV REIT Inc. (NYSE:CVI) has filed a Form 8-K with the SEC. This current report includes the Dec. 10 agreement and plan of reorganization and merger among Kranzco, KRT Trust, CV REIT and Kramont Realty...

December 17, 1999 WASHINGTON – REITs can now generate income from a wider variety of activities, thanks to a bill that was signed into law by President Bill Clinton. The law also reduces the share of taxable income,...

December 17, 1999 (NewsTraders.com) -- Camden Property Trust (NYSE:CPT) is registering to sell up to $660 million of mixed securities under an S-3 shelf filing released by the SEC this afternoon.The securities include debt, warrants, and preferred and...

December 17, 1999 AUSTIN, Texas – SiteStuff.com, a website designed to facilitate the purchase of goods and services by property owners, has raised about $5.5 million of venture-capital funding from Sevin Rosen Funds, Centerpoint Ventures, Rho Management, Ernst...

December 17, 1999 Cornerstone Properties Inc. (NYSE:CPP) is planning to issue 16.2 million common shares to holders of an equal number of shares in Cornerstone Properties LP, the REIT's affiliated limited partnership. The REIT's plan was disclosed in...

December 17, 1999 GARDEN GROVE, Calif. – Bank of America has provided The Abbey Co. with a $100 million revolving credit line backed by five properties. The line is an interest-only, variable-rate vehicle pegged to Libor."It provides for...