October 18, 1999NORWALK, Conn. – Lend Lease Real Estate Investments Inc. has formed a joint venture with Mountain Development Corp. to buy 535 Connecticut Avenue in Norwalk, Conn., for $20.2 million, or $121/sf.The 166,600-square-foot building was purchased from...

October 18, 1999 CHICAGO – AMLI Residential (NYSE:AML) has completed the sale of three apartment complexes for a total price of $49.8 million. The properties sold are: AMLI at Park Sheridan, a 253-unit apartment community in Chicago, AMLI...

October 18, 1999 MGI Properties (NYSE:MGI) has filed Form 10-Q with the SEC.

October 18, 1999 LNR Property Corp. (NYSE:LNR) has filed Form 10-Q with the SEC.

October 18, 1999 WEST CONSHOHOCKEN, Pa. – Keystone Property Trust (AMEX:KTR) paid $29.4 million for a 885,800-square-foot bulk distribution warehouse in LeMoyne, Penn.The property, built in 1997, is fully leased to International Paper, Cumberland Distribution, Outdoor Advertising Systems...

October 18, 1999 Kilroy Realty Corp. (NYSE: KRC), a real estate investment trust, has filed a Form S-3 , a registration of its securities, with the SEC.

October 18, 1999Germantown Office Park lures tenantsMemphis Business Journal, Oct. 18MEMPHIS, Tenn. – Memphis-based Eagle Systems Technology Inc., First Tennessee Bank and three medical practices have committed to a new $30 million office park development by Memphis-based Loeb...

October 18, 1999 Old Port warehouse to get $80-Mln faceliftMontreal Gazette, October 16MONTREAL – Montreal's Old Port area is set to undergo an $80 million transformation with the conversion of a long-vacant cold-storage warehouse into a luxury hotel-condominium...

October 18, 1999BEVERLY HILLS, Calif. – Kennedy-Wilson Inc. (NASDAQ:KWIC) and a unit of Marcus & Millichap of Los Angeles have formed an investment fund that will buy and reposition up to $200 million of Southern California multi-family properties.Marcus...

October 18, 1999 ATLANTA – Deloitte & Touche and the National Association of Office and Industrial Properties (NAIOP) report that the Northeast region has maintained the highest rents in the nation for industrial space, according to the two...

October 15, 1999 NEEDHAM, Mass. – Meditrust Corp. (NYSE: MT) announced today a quarterly dividend of $0.46 cents per share to shareholders of record on October 29, 1999. This is the fourth dividend payment from the real estate...

October 15, 1999 (AP) – The merger of drug makers Rhone-Poulenc Rorer (RPR) and Hoechst Marion Roussel of Germany will result in the expansion of operations in Bridgewater N.J. and the closing of facilities in Collegeville, Pa. and...

October 15, 1999 AMB Property Corp. (NYSE:AMB) has filed a Form 8-K with the SEC detailing its purchase of 112 industrial buildings containing 6.2 million rentable sf. since January. The company said it spent $377 million on the...

October 15, 1999 MINNEAPOLIS – Ryan Companies US Inc. has sold 1 million square feet of retail space for $120 million to Inland Real Estate Corporation. It is the third transaction the two companies have worked on within...

October 15, 1999 Commercial Mortgage Asset Trust, Commercial Mortgage Pass-Through Certificates, Series 1999-C2ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingFitchRatingS&PAvg.LifeSpread(BP)BnchMarkA-1127.028.5AaaAAAAAA5.73+133Treas.A-2322.828.5AaaAAAAAA9.2+154Treas.A-3108.728.5AaaAAAAAA11.5+171Treas.B39.023.5Aa2AAAA13.4+200Treas.C39.018.5A2AA13.6+230Treas.D11.717A3A-A-13.9+250Treas.E29.313.25Baa2BBBBBB14.1+325Treas.F15.611.25Baa3BBB-BBB-14.2+425Treas.

October 15, 1999 LOS ANGELES (AP) – Kenneth Wong, head of Walt Disney's Imagineering division, is leaving the company to pursue "independent" opportunities. Glendale-based Walt Disney Imagineering is, among other things, the arm of the Walt Disney Co....

October 15, 1999 PHOENIX – New Mexico and Arizona Land Company (Amex:NZ), also operating under the name of NZ/Bridge Financial, has secured a $20 million revolving line of credit with a large non-bank institutional lender. The financing brings...

October 15, 1999 NEW YORK – New Plan Excel Realty Trust, Inc. (NYSE: NXL) intends to repurchase up to $75 million of the company's outstanding common shares through periodic open market transactions, or through privately negotiated transactions. New...

October 15, 1999 NEW YORK – Kennedy-Wilson Inc. (NASDAQ:KWIC) has brokered the sale of a Central Tokyo office building for a price of more than 1.6 billion yen ($15.5 million) or $300/square foot.Built in 1991, the 60,000-sf, seven-story...

October 15, 1999NEW HYDE PARK, N.Y. – Kimco Realty Corporation (NYSE:KIM) has declared a 48 cents per share dividend on its Class A Preferred Stock (NYSE:KIMprA) payable Nov. 15 to shareholders of record on Nov. 1.Kimco, a real...

October 15, 1999CHICAGO – Equity Office Properties Trust (NYSE:EOP) has declared a 66 cents per share fourth quarter dividend for its 5.25-percent Series B preferred shares payable Nov. 15 to shareholders of record on Nov. 1.Equity Office Properties...

October 15, 1999 PEORIA, Illinois (AP) – The Illinois-based Jumer's Castle Lodge Inc. is seeking Chapter 11 protection in U.S. Bankruptcy Court. Company officials in Peoria blame capital upgrades at its hotels and weaker than expected revenue growth...

October 15, 1999WOODBRIDGE, Va. – RGI Holdings Inc. has made a run at merging Virginia-based Legend Properties Inc. with its own wholly-based subsidiary based in Norway.Pursuant to the offer, RGI Holdings, which currently holds about 80 percent of...

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...