October 5, 1999 Sears nabs up to 6 downtown Eaton's stores for $30 MlnThe Globe and Mail, October 5TORONTO – A promise to keep the Eaton's name alive and $30 million is all Sears Canada Inc. needed to...

October 5, 1999 WASHINGTON – An investment partnership formed by Oak Hill Capital Partners LP, MeriStar Hospitality Corp. (NYSE:MHX) and MeriStar Hotels & Resorts Inc. (NYSE:MMH) has agreed to buy the 315-unit Hilton Newark/Fremont Hotel in Newark, Calif....

October 5, 1999 The continued economic expansion in the New York region has driven the office vacancy rate on Long Island to 7.1 percent, down from 8.9 percent just three months ago. At the end of 1990, the...

October 5, 1999CHICAGO – BDO Seidman LLP has formed a venture with LRX Group LLC, a real estate consulting firm that focuses on space measurement and analysis services.The affiliation allows BDO Seidman to broaden the scope of its...

October 5, 1999DLJ Commercial Mortgage Trust, Series 1999-CG3ClassAmount($mln)Sub. Level(%)Rating Moody'sRating FitchAvg. LifeSpread (BP)Bnch MarkA-1A140.427.75AaaAAA5123T CurveA-1B509.427.75AaaAAA10143.5T CurveA-1C1825.75Aa1AAA10153T CurveS899.3N/AAaaIO10NAT CurveA-224.723Aa2AA10163T CurveA-349.517.5A2A10183T CurveA-413.516A3A10193T CurveA-515.714.25Baa1A-10215T CurveB-11812.25Baa2BBB10250T CurveB-215.710.25Baa3BBB-10340T Curve

October 4, 1999 Breathing new life into an old buildingSt. Petersburg Times, October 4ST. PETERSBURG, Fla. – Developer Joel Cantor is renovating the 175,000-square-foot BayView Tower in downtown St. Petersburg. He is offering below average rents – $13...

October 4, 1999 G&L Realty Corp. (NYSE:GLR) has filed a Form SC 13E4 with the SEC. The filing relates to the company's offer to buy 1 million of its securities.

October 4, 1999 Cigna Healthcare has agreed to occupy a 105,000-square-foot office complex that is being constructed in Bourbonnais, Ill.The health insurer has agreed to occupy the entire building for 10 years under a deal valued at about...

October 4, 1999 RICHMOND, Va. – Cornerstone Realty Income Trust (NYSE:TCR) has received $73.5 million of fixed-rate financing from Prudential Mortgage Capital Corp. The seven-year loan bears interest only at an annual rate of 7.29 percent and is...

October 4, 1999 Urban Shopping Centers (NYSE:URB) has filed Form 8-K with the SEC.

October 4, 1999 PALM BEACH, Fla. – Bank of America has provided $58 million of long-term financing to Innkeepers USA Trust (NYSE:KPA).The 10-year loan carries an interest rate of 7.16 percent and is backed by eight hotels. The...

October 4, 1999 Quebec retailer eyes Eaton's outletsThe National Post, October 2MONTREAL – Quebec-based Les Boutiques San Francisco Inc. is looking to expand. It is negotiating to takeover eight to 13 locations of insolvent T. Eaton Co. Ltd....

October 4, 1999 SEATTLE – Sabey Corp., a Seattle real estate developer, has paid $21.5 million, or $139/sf, for the Queen Anne Square office complex. Sabey acquired the two-building property, which has 155,000 square feet, from Lincoln National...

October 4, 1999 NEW YORK – InterWorld Corp. has signed a 15-year lease at 395 Hudson Street in Lower Manhattan. The lease increases to 100,000 square feet from 40,000 sf the amount of space that InterWorld occupies at...

October 4, 1999 PLYMOUTH MEETING, Pa. – American Real Estate Investment Corp. (AMEX:REA) has paid $8.3 million for two warehouse and distribution facilities in Fremont, Ohio, totaling about 325,000 square feet.The purchase completes the last phase of the...

October 4, 1999 ROCHESTER, N.Y. – Home Properties (NYSE:HME) has agreed to sell $50 million of convertible preferred equity to GE Capital.The preferred will carry an annual dividend rate of 8.36 percent, or the dividend paid on the...

October 4, 1999 SAN MATEO, Calif. – Franklin Select Realty Trust (AMEX:FSN) has approved a proposed transaction to sell its real estate interests to Value Enhancement Fund III LLC, a fund managed by Lend Lease Real Estate Investments...

October 4, 1999 NEW YORK - Enhance Financial Services Group, a bond reinsurance firm, has signed a 15-year lease expansion for 121,087 square feet of office space at 335 Madison Avenue. The lease comprises floors 19, 25, and...

October 4, 1999 NEWTOWN SQUARE, Pa. – Brandywine Realty Trust (NYSE: BDN) has acquired 7130 Ambassador Drive, a 114,049-square-foot industrial building in Allentown, Pa., from Dispensing Container Corp. for $3.7 millionAt the same time, Dispensing Container leased the...

October 4, 1999 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) has sold two office buildings, in San Diego and Phoenix, for a total of $20 million.In San Diego, the REIT sold a 66,000-square-foot office/research and devevelopment facility...

October 1, 1999 Equity Residential Properties Trust (NYSE:EQR) has filed a Form S-8 with the SEC.

October 1, 1999 Apartment Investment & Management Co. (NYSE:AIV) has filed a Form 4 with the SEC. A Form 4 is an updated "insider" filing.

October 1, 1999 SAN MATEO, Calif. – An opportunity fund run by Lend Lease Real Estate Investments Inc. has offered to buy the real estate of Franklin Select Realty Trust (AMEX:FSN) for about $131.5 million.Franklin, a REIT, owns...

October 1, 1999 CHICAGO – Great Lakes REIT (NYSE:GL) has completed a 500,000 share repurchase. The company paid about $7.75 million for the 500,000 shares, or an average of $15.50 per share.This latest repurchase follows the company's earlier...

October 1, 1999 ATLANTA – Chastain Capital Corp. (NASDAQ:CHAS) said its shareholders have adopted agreements to sell a portion of the company's assets to Insignia Opportunity Partners and to BankBoston.The sale of a $21 million mezzanine loan to...