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 10, 1999 DLJ Real Estate Capital Partners has filed Form 13D with the SEC. The filing details its acquisition of a 16.3 percent interest in Anthracite Capital Inc. (NYSE:AHR) through the purchase of convertible preferred securities.In addition,...

December 10, 1999 CNL plans offices in east OrlandoOrlando Sentinel, December 10ORLANDO, Fla. – CNL Corporate Properties Inc. will build at least half-a-million square feet of offices on 48 acres in east Orlando. Phase I of the development...

December 10, 1999 CHICAGO – Banyan Strategic Realty Trust (NASDAQ:BSRTS) has agreed to sell the Sarasota Commerce Center in Sarasota, Fla., for $13 million, or $160/sf.The buyer is a private investor.Banyan had acquired the 81,250-square-foot building in 1994...

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 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 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 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 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 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 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 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 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 B.J. Lee, VertiNews.com CorrespondentSEOUL, South Korea – Korea Asset Management Corp. (KAMCO) has sold $897 million of nonperforming loans to four foreign investor groups: Morgan Stanley, Goldman Sachs, Lone Star Korea and a venture...

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...

December 10, 1999 United Investors Realty Trust (NYSE:UIRT) has filed a five Form 4 statements (Statements of Changes of Beneficial Ownership) with the SEC.

December 10, 1999 Associated PressATLANTA – Turner Broadcasting is planning a $90-million expansion of its entertainment headquarters in an effort to accommodate growth and lure more talent to Atlanta. Construction of two new office buildings will begin early...

December 10, 1999 Mack Cali Realty Corp. (NYSE:CLI) has filed a Form 4 (Statement of Changes of BeneficialOwnership) with the SEC.

December 10, 1999 CHICAGO – Cargan City, which is headed by Mike Greco and Fred Fellows, plans to launch a commercial mortgage website next month.The site, MortgageSelector.com will allow borrowers to receive soft quotes on commercial mortgages from...

December 9, 1999 Expanding riverfront residential riles city officialsSun-Sentinel, December 9FORT LAUDERDALE – A small-rise, 410-unit apartment building has quietly evolved into a 902-unit village with high rises, and city commissioners demand to know why. The New River...