October 15, 1999 LITTLE ROCK (AP) – The Dillard's department store chain is in the market for expanded headquarters, but just where remains up in the air. Dillard's Inc. has asked the city to certify a $20 million...

October 15, 1999 FRAMINGHAM, Mass. – Spectrum Financial Corp. has arranged $37.6 million in mortgage financing for apparel and home furnishings firm TJX Companies, on behalf of an affiliate of Campanelli Companies. The TJX headquarters site is comprised...

October 15, 1999 At least three bidders reported in race for ShoppersThe National Post, October 15MONTREAL – Shoppers Drug Mart Ltd. is close to being sold, with at least three bidders in the final running. Jean Coutu Group...

October 15, 1999 Treadways Corp. launches $16 Mln distribution centerMemphis Business Journal, October 15MEMPHIS, Tenn. – Treadways Corp., a private-brand tire maker, is planning a 450,000-sf new distribution center in Southaven, just south of Memphis.Click Here to View...

October 15, 1999 BIRMINGHAM, Ala. – Colonial Properties Trust (NYSE: CLP) has commenced development of the new Colonial Promenade Tutwiler Farms in the expanding Birmingham retail market. The center will be a 516,000-square-foot community facility with six anchor...

October 14, 1999 NEW YORK – Sonnenblick-Goldman Co., acting as the financial advisor to High Rise JV, LLC, has arranged $69 million in construction financing for what will be called Park Towers at Hughes Center in Las Vegas....

October 14, 1999 BALTIMORE – Municipal Mortgage & Equity, LLC (NYSE: MMA), also known as MuniMae, has agreed to provide a $28 million financing package to Merrill Lynch and various affiliates of CapREIT, a private real estate investment...

October 14, 1999DETROIT (AP) – Michigan's gaming laws will ensure the impact of Detroit's three casinos spreads beyond their walls, officials said at a meeting of northern U.S. and Canadian gaming industry members. Proposal E, which Michigan voters...

October 14, 1999 GARDEN GROVE, Calif. – J.P. Morgan & Co. has provided an $85.2 million fixed-rate mortgage to The Abbey Co., which used proceeds to retire a revolving line of credit from JP Morgan and Wellsford Real...

October 14, 1999 1999 a "banner year" for office market in BirminghamBirmingham News, October 14BIRMINGHAM, Ala. – Heading into 1999, nearly 700,000 square feet of new office space was to be built in Birmingham, with 80 percent of...

October 14, 1999 CHICAGO – AMLI Residential Properties Trust (NYSE:AML) said its bank lending group has increased its unsecured credit line by $50 million to $250 million.The line, which now matures in October 2002, has an interest rate...

October 14, 1999 Premium office space grows scarceMontreal Gazette, October 14MONTREAL – Due in part to a lack of new office construction since the beginning of the decade, Montreal's downtown office vacancy rate has dropped 3 percentage points...

October 14, 1999 ANAHEIM, Calif. – Focal Corporation has received approval from the Kern County (Calif.) Planning Commission for a proposed $15 million mixed-use development project on 80 acres between Los Angeles and Kern Counties.Miracle Lake Park in...

October 14, 1999 COLUMBIA, S.C. – Edens & Avant, the owner, operator and developer of Necessity Retail Center shopping centers, has acquired five additional shopping centers. The purchase price was not disclosed.The centers are located in Florida, Georgia,...

October 14, 1999 KENNETT SQUARE, Pa. – ElderTrust (NYSE: ETT), an equity healthcare real estate investment trust headquartered in the suburbs of Philadelphia, has appointed Chief Financial Officer D. Lee McCreary, Jr. to the positions of president and...

October 14, 1999 COLUMBIA, S.C. – Edens & Avant, a developer of retail properties, has named Lyle E.T. Darnall vice president.Darnall was most recently senior vice president of real estate and construction for Books-A-Million Inc. In his new...

October 14, 1999 NEWPORT BEACH, Calif. – Carlyle Realty paid $22 million for a newly constructed, 140,000-square-foot office building in the Gainey Center, a complex that is being developed in Scottsdale, Ariz.Carlyle bought the building from Opus West...

October 13, 1999 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE:CLI) is planning to build an 183,000-square-foot office property at the Denver Tech Center.URS Greiner Woodward Clyde, a global engineering and applied science organization, has signed a 10-year lease...

October 13, 1999 Steven R. Hash, one of the best-known real estate analysts in the country, has been appointed head of Lehman Brothers' U.S. Equity Research group.Hash, who has been with Lehman for six years, had been manager...

October 13, 1999 BRT Realty Trust (NYSE:BRT) has filed Form 8-K with the SEC. The filing has to do with the REIT's termination of an agreement to buy Reliance Bank of Westchester County, N.Y.

October 13, 1999 DENVER – Apartment Investment and Management Co. (NYSE:AIV) has added the title of chief financial officer to Paul J. McAuliffe, executive vice president of capital markets. McAuliffe is replacing Troy Butts, who is leaving the...

October 13, 1999 SAN FRANCISCO – Pacific Gateway Properties Inc. (AMEX:PGP) has hired Prudential Securities to help it find a buyer or a merger partner.The company owns and manages 20 office buildings, with 778,000-square-feet, in the San Francisco...

October 13, 1999 FRAMINGHAM, Mass. – Perini Corp. (AMEX:PCR) has completed another step in its effort to discontinue its real estate development operations. The company and its Perini Land and Development Co. unit, which is managing partner of...

October 13, 1999 CHATTANOOGA, Tenn. – CBL & Associates Properties, Inc. (NYSE:CBL) has opened the Arbor Place Mall, a 1.2 million-square-foot shopping center in Douglasville, Ga.Located on 125 acres along Interstate 20 between Douglas Boulevard and Chapel Hill...

October 13, 1999 WASHINGTON, D.C. – New data released by the U.S. Census Bureau supports the notion that an increasing number of households now prefer apartment living, even if they could afford to buy a home. According to...