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 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 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 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...

October 7, 1999 KANSAS CITY, Mo. – Midland Loan Services Inc., a unit of PNC Bank Corp. (NYSE:PNC) has expanded its menu of loan products with the addition of FHA multi-family and nursing home construction and permanent loans....

October 7, 1999 PALO ALTO, Calif. – Essex Property Trust Inc. (NYSE:ESS) paid $35 million, or $78,500/unit, for Avondale at Warner Center, a 446-unit apartment complex in the Woodland Hills area of the West San Fernando Valley.The property...

October 7, 1999 WASHINGTON – CarrAmerica Realty Corp. (NYSE:CRE) has postponed plans to spin off its HQ Global Workplaces affiliate because of weak market conditions.CarrAmerica planned to spin-off the company, an office outsourcing firm, through an initial public...

October 7, 1999 NEWTOWN SQUARE, Pa. – Brandywine Realty Trust (NYSE:BDN) has named Phil Schenkel managing director of its industrial division. He will continue to manage the REIT's Lehigh Valley region. Schenkel has been with Brandywinde since last...

October 7, 1999Following are excerpts from Cushman & Wakefield's third-quarter Manhattan office report.NEW YORK – After several cool quarters, the Manhattan office market posted strong results in the third quarter and is now poised to end the decade...

October 7, 1999 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) paid $42.5 million for an office building in Columbia, S.C., that is net leased for 10 years to Blue Cross/Blue Shield of South Carolina, a double-A rated...

October 7, 1999 NEWPORT BEACH, Calif. – Pacific Gulf Properties Inc. (NYSE: PAG) sold a 302,000-square-foot industrial facility in Ontario, Calif., for $11.2 million.The property was sold to BIT Holdings Forty-Three Inc.The REIT, which focuses on small- to...

October 7, 1999By Thomas J. Walsh, VertiNews.com Senior WriterSEATTLE – Matrix Development Group of Cranbury, N.J., will be named Developer of the Year tomorrow night by the National Association of Industrial and Office Parks, or NAIOP.NAIOP has been...

October 7, 1999 Walden Residential Properties Inc. (NYSE:WDN) has filed a Form 8-K with the SEC regarding its proposed merger with a venture led by Olympus Real Estate.

October 7, 1999 Starwood Hotels & Resorts (NYSE:HOT) has filed a Form POS AM with the SEC. The filing is an amendment to an S-4 that Starwood had filed earlier. The amendment relates to the substitution of Vistana...

ATLANTA – Gables Residential Trust (NYSE:GBP) has sold two properties in Memphis for $30.5 million.Gables Germantown and Gables Quail Ridge, which together consist of 490 apartment homes, were sold with a capitalization rate of 8.6 percent.With the sales...

October 7, 1999 By Lisa Finnegan, VertiNews.com Correspondent NEW YORK – Aegon Realty Advisors beat out 17 other lenders and will provide a $45 million first mortgage on the SouthTrust Tower in Ft. Lauderdale, Fla.The 337,000-square-foot office building...

October 7, 1999 HONOLULU (AP) – Development group Ko Olina Co. and Cornerstone Real Estate Advisers have agreed to buy the Ihilani Resort & Spa from a subsidiary of Japan Airlines Inc. Ko Olina Co. and Cornerstone Real...