October 12, 1999 OAKBROOK, Ill. – TMP Worldwide Inc. has signed a lease agreement for 27,000 square feet of office space at 1011 East Touhy Avenue in Des Plaines, Ill., near O'Hare International Airport.The building, owned and operated...
October 12, 1999 By Debra Beachy, VertiNews.com CorrespondentHOUSTON – A booming border economy fired by the North American Free Trade Agreement has persuaded Stewart Title Company to buy Cameron County Title Co., Inc.,of Brownsville. Terms were not disclosed.Stewart...
October 12, 1999 By Debra Beachy, VertiNews.com CorrespondentHOUSTON – TPMC Realty Services Group is slated to open the redeveloped Park Towers within the next six weeks.TPMC, which is based in Dallas, is currently negotiating with potential tenants to...
October 11, 1999First Industrial buys business parkThe Business Journal of Tampa Bay, October 11TAMPA, Fla. – Chicago-based First Industrial Trust has paid $4.2 million for the 108,000-square-foot Corporate Center Business Park in the 6700 block of Benjamin Road....
October 11, 1999 CHICAGO – Equity Office Properties Trust (NYSE:EOP) said it is in talks to form a joint venture with Lend Lease Real Estate Investments that would buy certain Equity Office properties.Forming joint ventures with institutional investors...
October 11, 1999 Spieker Properties Inc (NYSE:SPK) has filed a Form S-8 with the SEC.
October 11, 1999 Allied Capital Corp. (NASDAQ:ALLC) has filed a Form S-8 with the SEC.
October 11, 1999 BIRMINGHAM, Ala. – Colonial Properties Trust (NYSE:CLP) has signed Mortgage America Inc. as the lead tenant at its new 146,000-square-foot office facility in Birmingham. The mortgage company will occupy 17,000-sf at 1800 International Park in...
October 11, 1999 CREIT sweetens bid for AvistaThe National Post, October 11TORONTO – Unsure it would be able to receive the support of two-thirds of Avista REIT's shareholders, Canadian Real Estate Investment Trust has upped its offer for...
October 11, 1999 WEST PALM BEACH, Fla. – Montgomery CV Realty LP, a subsidiary of CV REIT Inc. (NYSE:CVI), has agreed to buy Marlton Green Shopping Center in Marlton, N.J., for a combination of cash, debt and partnership...
October 11, 1999 CHICAGO – Three tenants have signed leases for more than 150,000 square feet at the Insurance Exchange Building at 175 West Jackson Boulevard.The tenants are the first three for the 87-year-old building, which is undergoing...
October 11, 1999 NEW YORK – American Mortgage Acceptance Co. (AMEX:AMC) has purchased double-B-plus commercial mortgage-backed securities from ARCap Investors LLC.The bonds are from Chase Manhattan Bank-First Union National Bank Commercial Mortgage Trust, 1999-1, which was floated earlier...
October 11, 1999 CHICAGO – Duff and Phelps Credit Rating Co. has lowered the ratings on three classes of Merrill Lynch Mortgage Investors Inc., 1998-C1-CTL, because a credit representing 1.4 percent of the transaction was assumed by a...
October 11, 1999 NEW YORK – The real estate market remains healthy and active across the nation despite some new construction, according to Pricewaterhouse Coopers' Korpacz Real Estate Investor Survey.Though the recent increase in interest rates has raised...
October 8, 1999 By Lisa Finnegan, VertiNews.com CorrespondentNEW YORK – Major League Baseball has signed a 10-year lease for 25,000 square feet of space at Chelsea Market.The unit will use the space on floors five and six for...
October 8, 1999 By Dan Whipple, VertiNews.com CorrespondentDENVER – Richmond Homes is set to purchase 320 acres of land north of Denver for $13.4 million from the Archdiocese of Denver. The deal is under contract and expected to...
October 8, 1999 Mall aims to be differentTampa Tribune, October 8TAMPA, Fla. – The Taubman Co is set to begin construction on International Plaza, a $200 million project with 1.2 million square feet of retail space and 6,000...
October 8, 1999 Sunstone Hotel Investors Inc. (NYSE:SSI) has filed a Form SC 13E3/A with the SEC. The filing refers to the company's decision to go private through a merger with an affiliate of Westbrook Partners.
October 7, 1999 Montreal's commercial real estate market on reboundThe National Post, October 7MONTREAL – Montreal's commercial real-estate market seems to be on the rebound, thanks in part to the city's retooled economy. The downtown office vacancy rate...
October 7, 1999 SEATTLE – Redbricks.com LLC is launching a website that would allow prospective borrowers to query a variety of lenders for mortgage financing. The website, www.redbricks.com, will be formally launched in early November.Initially, more than 20...
October 7, 1999 Three large apartment complexes sell for $39.3 MlnBradenton Tribune-Review, October 7BRADENTON, Fla. – Town and Country Trust bought three large apartment complexes containing a total of 742 apartments for $39.3 million. The Baltimore REIT purchased...
October 7, 1999 Carramerica Realty Corp (NYSE:CRE) has filed a Form S-8 with the SEC.
October 7, 1999 BEVERLY HILLS, Calif. – A joint venture between Meadowbrook Golf Group Inc. and Apollo Real Estate Investment Fund IV has completed the purchase of KSL Fairways Golf Corp., which was renamed Fairways Golf Corp.Terms of...
October 7, 1999 NEW YORK – Banco Santander Central Hispano has named Cushman & Wakefield as exclusive leasing agent to sublet 280,000 square feet of office space in Manhattan.Santander has 198,000 sf at 1251 Avenue of the Americas,...
October 7, 1999BALTIMORE – The Town and Country Trust (NYSE:TCT) has acquired three garden-style apartment communities in Sarasota and Bradenton, Fla., and sold one community in Harrisburg,Pa.The two Sarasota and one Bradenton communities – Heron's Run, McIntosh, and...
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