December 8, 1999 The Associated PressDENVER – New York-based Cornerstone Properties Inc. (NYSE:CPP) is selling the distinctive cash-register-shaped One Norwest Center in Denver's downtown for $220 million.A company that advises the California Public Employees Retirement System could close...

December 8, 1999 Lend Lease Corp. Ltd., the giant Australian real estate services firm, said today that its American subsidiary, Lend Lease Real Estate Investments, has inked agreements to acquire five of Amresco Inc.'s (NYSE: AMMB) commercial mortgage...

December 8, 1999 A 139,000 square-foot office building in Morris Township, northern New Jersey, has been sold for more than four times what it was purchased for in 1995, according to today's Wall Street Journal.Massachusetts Mutual Life Insurance...

December 8, 1999 A large list of Tier 1 and Tier 2 bonds is scheduled for bidding at 1 p.m. EST, sources say. The bonds reportedly consist of very high quality transactions from CMBS deals involving GMAC, Morgan...

December 8, 1999 Tropicana not moving to Lakewood RanchSarasota Herald-Tribune, December 8BRADENTON, Fla. – Tropicana Inc. has purchased ten acres of land next to its current Bradenton office complex and plans to expand at that location. With this...

December 8, 1999 Felcor Lodging Trust Inc. (NYSE: FCH) has filed a Form 4 (Statement of Changes ofBeneficial Ownership) with the SEC.

December 8, 1999 Tattered Dylex put on the blockThe Globe and Mail, December 8 TORONTO – Now that its president intends to quit, troubled retailer Dylex Ltd. has put itself on the block, but observers said it could...

December 8, 1999 The Rouse Company (NYSE: RSE) has filed a Form SC 13G/A (Amended Statement of BeneficialOwnership) with the SEC.

December 8, 1999 Allied Capital Corp. (NASDAQ:ALLC) has filed Form 497 prospectus for the issuance of 2.5 million common shares. The $49.2 million of equity that would raise would be used to pay down a short-term credit line...

December 8, 1999 NEW YORK – RFR Holding LLC has completed its purchase of 17 State Street in downtown Manhattan for about $120 million, or $222/sf.RFR acquired the building from Savannah Teachers Properties, a unit of Teachers Insurance....

December 8, 1999By Brad Berton, VertiNews.com Contributing Editor An investment fund managed by M&H Realty Partners of San Francisco has purchased a half dozen anchored community centers, most of which are located in Southern California and Arizona. The...

December 8, 1999 Associated PressDOVER, Ohio – The mayor of Dover says he will work with the state and others to find a company interested in taking over the A-K Steel plant scheduled to close here next month....

December 8, 1999 CARY, N.C. – Konover Property Trust Inc. (NYSE: KPT) has named Daniel J. Kelly to the position of senior vice president and chief accounting officer. In his new position, Kelly will oversee all of the...

December 8, 1999 JERSEY CITY, N.J. – Mack-Cali Realty Corp. (NYSE: CLI) has entered into an agreement with Lincoln Property Co. to contribute its land on the north pier of Harborside Financial Center in Jersey City for the...

December 8, 1999Associated PressDALLAS – The Dallas City Council will consider today whether it will trade financial incentives for the addition of 700 jobs at Yahoo! Broadcast, which comes with the guarantee that the company will stay in...

December 7, 1999 Business parks rising in JacksonvilleFlorida Times-Union, December 7JACKSONVILLE, Fla. – North Jacksonville and Southside are both generating new office development. On the northside, BRC Florida Holdings is preparing the $7-million, nine-building Airport Industrial Park on...

December 7, 1999 CHATHAM, N.J. – Wellsford/Whitehall Group LLC has sold 1275 K Street NW in Washington, D.C., for $43.4 million, or $193/sf.Wellsford/Whitehall is a venture between Wellsford Real Properties Inc. (AMEX:WRP) and Goldman Sachs' Whitehall Street Real...

December 7, 1999 Kimco Realty Corp. (NYSE: KIM) has filed a Form 424B3 (Prospectus Filed Pursuant to Rule424) with the SEC.

December 7, 1999 Kimco Realty Corp. (NYSE:KIM) has filed a 424(b)(3) prospectus for the issuance of $50 million of medium-term notes.

December 7, 1999 SAN FRANCISCO – Despa, Germany's largest real estate fund manager, has paid $39 million, or nearly $884/sf, for One Union Square, a very upscale retail property in San Francisco.CB Richard Ellis Investors, the investment management...

December 7, 1999 PEMBROKE PINES, Fla. – Weingarten Realty Investors (NYSE:WRI) has acquired the Pembroke Commons shopping center in Pembroke Pines, Fla., from a client of TA Associates of Boston.A sales price was not disclosed. TA's client was...

December 7, 1999 CHICAGO – The RREEF Funds has paid $73 million, or $155/sf, for the Mid-America Plaza, an office complex in Oak Brook, Ill.The two-building complex, which has a total of 471,000 square feet, was sold by...

December 7, 1999 PHOENIX – As expected, Finova Realty Capital has reached an agreement to originate fixed-rate commercial mortgages for J.P. Morgan & Co.'s conduit program.Go to Previous Story in the VertiNews.com ArchiveThe agreement means that Finova will...

December 7, 1999 New Plan Excel Realty Trust Inc. (NYSE:NXL) has filed a Form 10-Q/A with the SEC.

December 7, 1999 Prudential Insurance Co. is said to be offering a stake of more than 50 percent in One Beacon Street, a 1.1 million-square-foot office building in Boston.Prudential is said to have placed a $286 million, or...