September 30, 1999 IRVING, Texas – American Industrial Properties REIT (NYSE:IND) has sold the Tucson Tech Center property in Arizona for $4.4 million. The sale of the 115,000-square-foot flex property, which was acquired in May 1998 as part...

September 30, 1999 Grubb & Ellis (NYSE:GBE) has filed

September 29, 1999 Winston Hotels Inc. (NYSE: WXH) has filed a Form S-3/A related to the offer and sale of up to 879,000 common shares by certain shareholders.

September 29, 1999 NEW YORK – Metropolitan Life Insurance has provided $150 million of fixed-rate financing for

September 29, 1999 MONTROSE, Calif. – Anchor Pacifica Management Co. paid $7.1 million for a 129-unit apartment complex in Montrose, Calif.David Elliott and Peter Hauser of Charles Dunn Co.'s Orange County office represented the buyer. Elliot and Hauser...

September 29, 1999 HORSHAM, Pa. – GMAC Commercial Mortgage Corp. has struck a five-year deal to provide commercial mortgage banking services through Bank One offices in 13 cities. Under the agreement, which goes into effect on January 1,...

September 29, 1999 LOS ANGELES – FowlerShore & Flanagan has paid $17 million, or $53,125/unit, for Desert Oasis Apartments, a 320-unit property in Palm Desert, Calif.FowlerShore, a Sausalito, Calif., apartment owner, purchased the property from Associated Estates Realty...

September 29, 1999 CONSHOHOCKEN, Pa. – Kranzco Realty Trust (NYSE:KRT) has cut its common stock dividend to 32.5 cents/share, from 48 cents/share, payable Oct. 21 to holders of record Oct. 12.The reduction will allow Kranzco to retain more...

September 29, 1999 HORSHAM, Pa. – GMAC Commercial Mortgage Corp. has provided $49.2 million of mortgage financing for 711 Third Avenue, a 500,000-square-foot office building owned by S.L. Green Realty (NYSE:SLG).The fixed-rate loan carries a coupon of 8.13...

September 29, 1999 LAFAYETTE, Calif. – Bedford Property Investors Inc. (NYSE:BED) paid $16.6 million, or $144/sf, for a brand new office building in Federal Way, Wash.The building is already fully leased. Reliance Insurance Co. and Financial Pacific Corp....

September 29, 1999 LAS VEGAS – Retail developer David DePierro of Dana Point, Calif., paid $5 million for 13.05 acres of land adjoining a Home Depot site where he plans to build a community shopping center. The seller...

September 29, 1999 MENLO PARK, Calif. – Spieker Properties Inc. (NYSE: SPK) has promoted John Foster, currently chief investment officer, and Craig Vought, currently chief financial officer, to positions as co-chief executive officers. The real estate investment trust...

September 29, 1999 HRPT Properties Trust (NYSE:HRP) has filed a Form SC 13D with the SEC.

September 29, 1999 TORONTO – Cadillac Fairview Corp. (NYSE:CDF) has retained Goldman Sachs and Blackstone Group to explore a number of strategic alternatives, including a sale or recapitalization.Both Goldman and Blackstone own substantial stakes in the company.Cadillac Fairview,...

September 29, 1999 Larry Silverstein has agreed to pay more than $200 million, or nearly $118/sf, for 120 Broadway, a massive office building in downtown Manhattan.The Wall Street Journal, which first reported the proposed purchase, also said that...

September 29, 1999 Real estate investment trust National Health Realty (AMEX: NHR) has filed a Form S3/A with the SEC.

September 29, 1999 Mondev sues U.S. over deal gone badMontreal Gazette, September 29MONTREAL – Montreal-based Mondev International Ltd. is using NAFTA to sue the U.S. government for nearly US $20 million over a real-estate deal it made with...

September 29, 1999 By The Associated PressCHATTANOOGA, Tenn. (AP) – Encouraged by the revitalizing success of its $45 million aquarium project seven years ago, the city of Chattanooga has proposed $200 million more in redevelopment investments for its...

September 29, 1999 34 Peachtree Building in sales negotiationsAtlanta Journal Constitution, September 29ATLANTA – Chicago-based RREEF Funds is selling the 275,000-sf 34 Peachtree Building across from Woodruff Park to an undisclosed, out-of-town buyer, according to Resource Real Estate...

September 28, 1999 SL Green Realty Corp. (NYSE:SLG) has filed form

September 28, 1999 SAN FRANCISCO – AMB Property Corp. (NYSE:AMB) has raised the first $120 million of equity for AMB Institutional Alliance Fund I, an investment fund that will buy and develop industrial properties near major airports, ports...

September 28, 1999 Royal Bank drops mortgage ratesToronto Star, September 28TORONTO – In response to falling rates in the North American bond market, Royal Bank has dropped mortgage rates by up to a quarter point on short-term loans....

September 28, 1999 MIAMI – LNR Property Corp. (NYSE:LNR) reported net earnings for the third quarter ended Aug. 31 of $21.4 million or 59/share on a diluted basis, up from $19.1 million or 52/share for the same period...

September 28, 1999 By Dan Whipple, VertiNews.com CorrespondentCASPER, Wyo. – Local government officials are talking to developers about potential commercial projects for the former Amoco refinery, a 300-acre parcel in this city of 50,000.Likely projects for the heavily...

September 28, 1999 NEW YORK – The Royal Norwegian Consulate General and the Permanent Mission of Norway to the U.N. have signed a 20-year lease renewal for 21,500 square feet at 825 Third Avenue in Manhattan.Terms of the...