November 30, 1999 CALGARY – International Properties Group has expanded its U.S. presence with the acquisition of two residential properties in the Seattle area for about C$50 million.The properties are Nautica, an 82-unit property in Renton, and Walden...

November 30, 1999 CHICAGO – General Growth Properties Inc. (NYSE:GGP) has completed the sale of $590 million of commercial mortgage-backed securities, allowing it to finance 10 malls owned by its GGP/Homart affiliate.The notes, which were sold in seven...

November 30, 1999 Associated PressLONGVIEW, Texas – An effort by local investors to buy a Stroh brewery has failed, according to a representative for the investors. Rusty Norton, a local real estate broker, said Monday that the investors...

November 30, 1999 NEWPORT BEACH, Calif. – Pacific Gulf Properties has paid $8 million for Broadwood Business Centre, a 156,200-square-foot business park located on Broadway Road in Mesa, Ariz.The complex is 95 percent leased to a variety of...

November 30, 1999 Metropolis Realty Trust Inc. is planning to refinance 1290 Avenue of the Americas, a 1.9 million-square-foot office building in Midtown Manhattan, but will likely sell it down the road.The closely-held REIT had originally marketed the...

November 30, 1999 Investcorp International has purchased a significant minority interest in Welsh Cos., a Bloomington, Minn., commercial real estate services firm.Welsh manages $1.3 billion of real estate and employs 450 people in 10 offices throughout the Midwest...

November 30, 1999 BLOOMFIELD HILLS, Mich. – Taubman Centers Inc. (NYSE:TCO) said it formed a joint venture with Ivanhoe Inc. of Montreal to develop International Plaza, a 1.2 million-square-foot shopping center in Tampa, Fla.In addition, the venture raised...

November 30, 1999 ROCKVILLE, Md. – Washington Real Estate Investment Trust (NYSE:WRE) paid $4.7 million, or $118/sf, for the Parklawn Plaza office building in Rockville, Md.The four-story building contains 40,000 square feet and is fully leased. It is...

November 30, 1999 BOSTON – AEW Capital Management was one of four investors that together provided $28 million of venture capital financing to CO Space Inc., a Somerville, Mass., company that provides space for communications equipment.The three other...

November 30, 1999 BLOOMFIELD HILLS, Mich. – Taubman Centers Inc. (NYSE:TCO) raised $25 million through the private placement of preferred equity in its operating partnership, Taubman Realty Group LP.The preferred equity has a fixed coupon with a 9...

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 29, 1999 Scotia Plaza vacancy rate climbsThe Globe and Mail, November29TORONTO – Despite being one of the most sought-after addresses in Canada, the vacancy rate at Scotia Plaza is rising as tenants seek less expensive space. Eight...

November 29, 1999 KENNETT SQUARE, Pa. – ElderTrust (NYSE:ETT) has reduced its dividend to 30 cents/share from 36.5/share.The annual dividend rate is projected to be $1.20 share, down from $1.46/share.The reduction "reflects the expected decrease in cash available...

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 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 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,...