December 13, 1999 NEW HYDE PARK, N.Y. – Kimco Realty Corp. (NYSE:KIM) paid $57 million for eight stores that were rented to Hechinger Stores under a master lease agreement.The REIT acquired the fee position of seven stores and...

December 13, 1999 LOS ANGELES – Kilroy Realty Corp. (NYSE:KRC) is launching a share repurchase program for up to three million of the company's common shares.The potential repurchase equals about 11 percent of the company's outstanding shares. The...

December 13, 1999 Capital Group International and Capital Guardian Trust Co. have filed a Form SC 13G with the SEC detailing their holdings in Indymac Mortgage Holdings Inc. (NYSE:NDE). Capital Group holds 7.83 million shares, or 10.2 percent,...

December 13, 1999 NORTH MIAMI BEACH, Fla. – Equity One Inc. (NYSE:EQY) has completed a tax-deferred exchange of a shopping center in Texas for one in Jacksonville, Fla.The REIT sold Four Corners Shopping Center in Tomball, Texas, for...

December 13, 1999 Wallace R. Weitz & Co. has filed a Form SC 13G/A with the SEC that relates to Weitz's acquisition of 2.1 million common shares in Redwood Trust Inc. (NYSE:RWT).

December 13, 1999First Union National Bank, Commercial Mortage Trust, Series 1999-C4ClassAmount($mln)Sub. Level(%)RatingS&PRatingDuff & PhelpsAvg.LifePricetalk(BP, Treas.)PriceTalk(BP, Libor)A-120626.25AAAAAA5.4+98-100+28-30A-1447.326.25AAAAAA9.7+118-120+37-39.B through F*144--AA to BBB-AA to BBB---Not offered--G33.26.25BB+NR**10.8----H11.15BBNR11.6----X885.8--AAArAAA9N/A**N/A* Classes B through F, rated AA to BBB-, were pre-purchased and therefore not available.** Not...

December 13, 1999 HOUSTON – Weingarten Realty Investors (NYSE:WRI) has sold, for $59 million, an 80 percent stake in a 2 million-square-foot portfolio of industrial properties in the Houston area.The portfolio also included 131 acres of unimproved land...

December 13, 1999 NEW YORK – Millennium Partners has secured a $307-million construction loan from a consortium of banking institutions for the development of its mixed-use development at Millennium Place in Boston. The banking institutions providing the loan...

December 13, 1999 Palm Beach Gardens sale could set new recordSouth Florida Business Journal, December13PALM BEACH GARDENS, Fla. – Lost Tree Village Corp. has reportedly signed a contract to buy the year-old PGA Financial Plaza in Palm Beach...

December 13, 1999 B.C. funds grab CIBC propertiesThe Globe and Mail, December 11 TORONTO – In what some observers say is the largest real estate sale in the country's history, the British Columbia government's investment arm scooped up...

December 13, 1999 WHITE PLAINS, N.Y. – Starwood Hotels & Resorts Worldwide (NYSE:HOT) has formed a venture with Ritz Plaza Hotel Associates, the owner of the Ritz Plaza Hotel in Miami's South Beach area, to renovate and redevelop...

December 13, 1999 WASHINGTON – New York City has been named the best place in which to invest by foreign real estate investors.For the first time ever, New York topped such U.S. cities as Washington, which came in...

December 10, 1999 NEW YORK – Massachusetts Mutual Life Insurance Co. has paid $62 million, or $268/sf, for 201 Spear Street Terrace, an 18-story office building in San Francisco.The property was purchased from Lend Lease Real Estate Investments,...

December 10, 1999 CHATHAM, N.J. – Wellsford/Whitehall Group LLC, a venture between Wellsford Real Properties Inc. (AMEX:WRP) and Goldman Sachs' Whitehall Street Real Estate Fund, has leased an office building it owns in Northern New Jersey to Compaq...

December 10, 1999 Fortress Investment Corp. has hiked its stake in Impac Commercial Holdings Inc. (AMEX:ICH) with the purchase of 702,400 shares on the open market since November 17. Details are outlined in the Form SC 13D/A filed...

December 10, 1999 LONDON – LaSalle Investment Management has raised 100 million euros ($100 million) for its Euro 5 Property Fund, an investment vehicle that will buy properties in the recovering real estate markets of France, Italy, Spain,...

December 10, 1999 Associated PressTORONTO (Canadian Press) – CIBC has sold its Commerce Court headquarters building and six other office buildings around the country to the British Columbia government employee pension fund. Financial details of the sale, announced...

December 10, 1999 United Dominion Realty Trust Inc. (NYSE:UDR) has filed a Form SC 13D/A (Amended GeneralStatement of Beneficial Ownership) with the SEC.

December 10, 1999 Prison Realty Trust Inc. (NYSE:PZN) has filed a Form SC 13G (Statement of BeneficialOwnership) with the SEC.

December 10, 1999 Associated PressNEW YORK – American Honda Motor Co. said Thursday it has set up a wholly owned subsidiary to build a new manufacturing plant for vehicles and engines in Lincoln, Alabama. The new firm, Honda...

December 10, 1999 Starwood Financial has provided $78 million of floating-rate bridge financing for 1000 Fremont, an office complex in Alhambra, Calif.The property is owned by The Ratkovich Co., which also raised joint venture equity financing from First...

December 10, 1999 BALTIMORE – Prime Retail Inc. (NYSE:PRT) has raised $42.5 million of debt to refinance the existing mortgage on Prime Outlets at Williamsburg, Va.The REIT received an initial funding of $32.5 million and a commitment for...

December 10, 1999 NEW YORK – Loews Hotels has signed a letter of intent to build a 432-unit hotel in Boston with Sawyer Enterprises.The 28-story Loews Boston will be built on the corner of Tremont and Stuart streets...

December 10, 1999 By By Nina Suebsukcharoen, VertiNews.com CorrespondentBANGKOK, Thailand – Thailand's property market has finally turned the corner after being walloped by the economic downturn that swept the region in 1997.One sign of the broad-based recovery is...

December 10, 1999 NEW YORK – Bovis Lend Lease is the new name of the construction and project management company created by Lend Lease Corp.'s acquisition of the Bovis Group. Go to Previous Story in the VertiNews.com ArchiveBovis...