November 29, 1999 GLEN ALLEN, Va. – Dynex Capital Inc. (NYSE:DX) has agreed to sell its manufactured housing lending and servicing operations, which are operated through Dynex Financial Inc., to Bingham Financial Services Corp. (NASDAQ:BFSC).Bingham is a specialty...

November 29, 1999 WASHINGTON – MeriStar Hospitality Corp. (NYSE:MHX) has named Randall W. Carroll senior vice president of real estate and asset management.Carroll was previously vice president of corporate development and finance for Hilton Hotels. He was also...

November 29, 1999 Maguire Partners has put the MGM Plaza in Los Angeles up for sale. The 1 million-square-foot office building has a price tag of about $350 million, according to the Los Angeles Business Journal.Secured Capital and...

November 29, 1999 NEW YORK – Reilly Mortgage Group has opened an office in New York that is headed by Jerry Kray, who formerly was senior vice president and head of commercial lending at GFI Realty Services.In addition,...

November 29, 1999 NEW YORK – Starwood Financial Inc. (NYSE:SFI) has set a 57 cents/share dividend payable Jan. 28 to holders of record Dec. 11.The dividend represents a 30 percent increase over Starwood's previous dividend and is slightly...

November 29, 1999 Associated PressPITTSBURGH – The Pittsburgh Technology Center will soon be full following a decade spent redeveloping the former mill along the Monongahela River. The city's Urban Redevelopment Authority approved a $20-million office building, which will...

November 29, 1999 Associated PressTULSA, Okla. – Tulsa city officials are negotiating with prospective tenants for a mile-long building at a former bomber plant site. The city assumes ownership of the site this week under an agreement with...

November 29, 1999 NEW YORK – Metropolis Realty Trust Inc. said it completed its sale of 237 Park Ave. in Midtown Manhattan to 237 Park Investors LLC and would pay a special dividend of $15/share on Dec. 10...

November 29, 1999 Federal Realty Investment Trust (NYSE:FRT) has filed Form 8-K with the SEC.

November 29, 1999 Associated PressVANCOUVER (CP) – British Columbia's stock market watchdog has ruled that a mortgage firm and its top officials swindled thousands of investors in one of the biggest financial frauds in the province's history. In...

November 29, 1999SEOUL - Hanvit Bank of South Korea has agreed to form a bank with Lone Star Opportunity Funds to manage its troubled assets. According to Yonhap, a Korean news service, Hanvit plans to sell 400 billion...

November 29, 1999Chicago firm coming in to manage mallThe Business Journal of Charlotte, November 29 PINEVILLE, N.C. –General Growth Properties Inc. of Chicago is set to lease and manage Carolina Place, a 1.2 million-sf Pineville shopping center starting...

November 29, 1999 KENNETT SQUARE, Pa. – J.P. Morgan has provided $30 million of mortgage financing to ElderTrust (NYSE:ETT).The debt, which is secured by four properties, carries a three-year term and floating rate pegged to one-month Libor plus...

November 24, 1999 The $1 billion commercial mortgage-backed securities deal that First Union and Merrill Lynch are planning for the coming weeks will include a higher-than-usual amount of multi-family loans.Go to Previous Story in the VertiNews.com ArchiveMore than...

November 24, 1999 Associated PressFORT MILL, S.C. – After months of negotiations and second chances, York County in South Carolina has finally nabbed Muzak Corp.'s new corporate headquarters. Muzak, which is headquartered in Seattle, has signed a letter...

November 24, 1999 Associated PressTOKYO – Toyota Motor Corp. reportedly plans to build a second manufacturing plant at its newest factory site in the United States to ward off possible trade friction amid surging exports from Japan. The...

November 24, 1999Freeway Office Park sells for $14 MlnAtlanta Journal-Constitution, November 24ATLANTA – Children's Healthcare has purchased the Freeway Office Park for $14.1 million from an investment firm affiliated with Selig Enterprises. The 21-acre park, which includes buildings...

November 24, 1999 ATLANTA – Teachers Insurance sold the Brixworth Apartments in Buckhead for $18.3 million to Windsor at Buckhead LLC., an affiliate of Boston-based General Investment & Development Co.The 271-unit community, which will be renamed Windsor at...

November 24, 1999Teachers push to buy time in Cadillac dealNational Post, November 23 TORONTO – The Ontario Teachers' Pension Plan Board is trying to buy time in its bid to take over real estate giant Cadillac Fairview Corp....

November 24, 1999 Associated PressLOUISVILLE, Ky. – A Virginia real estate investment company has paid $19 million for Bank One Plaza in Louisville, an adjacent parking garage and two-story annex. Harbor Group International says it bought the 14-story...

November 24, 1999 By Brad Berton, VertiNews.com Contributing EditorBurnstead Construction, a Puget Sound-area developer, has acquired about 23.2 acres within a master-planned community in Mukilteo, Wash.The Bellevue, Wash., company paid about $3.8 million for the land, on which...

November 24, 1999 General Growth Properties Inc. (NYSE:GGP) has filed a Form S-3 registration with the SEC. The REIT is registering to issue up to 1 million common shares to shareholders under its newly adopted dividend reinvestment plan.

November 24, 1999 HORSHAM, Pa. – GMAC Commercial Mortgage Corp. has arranged $40 million of financing for the construction of a multi-family complex in Los Angeles.The Fountain Park Apartments, located at the intersection of Lincoln and Jefferson Boulevards,...

November 24, 1999 SAN DIEGO, Nov. 19 /PRNewswire/ -- Burnham Pacific Properties Inc. (NYSE:BPP) obtained a $202.8 million credit facility with GE Capital Corp. The one-year credit line replaces a smaller credit line with Nomura Asset Capital Corp....

November 24, 1999 3rd-Qtr 993rd-Qtr 989-mos 996-mos 98Net Income (Loss) ($9.4 mln) ($48.9 mln) ($27.8 mln)($45.8 mln) Net (Loss)/shr($0.82) ($4.25) ($2.42) ($4.03) Revenue$4.8 mln $11.6 mln $18.2 mln $16.7 mln Shrs outst.11.5 mln 11.5 mln 11.5 mln 11.4...