September 30, 1999 SAN FRANCISCO – TriNet Corporate Realty Trust Inc. (NYSE:TRI) has purchased a 44,600-square-foot office building in Concord, Mass., for $5.4 million and leased it back under a seven-year agreement to Sybase Inc.In addition, TriNet extended...
September 30, 1999 CHICAGO – Transwestern Commercial Services and Voit Cos. have agreed to merge their property management units creating a company with more than 90 million sf under management. The combined firm's management portfolio would be valued...
September 30, 1999Home Depot eyes site in Port OrangeDaytona Beach News-Journal, September 30PORT ORANGE, Fla. – The Home Depot is planning a 132,000-square-foot store on the city's main commercial thoroughfare, Dunlawton Ave. The company recently purchased 27 acres...
September 30, 1999 DENVER – Archstone Communities (NYSE:ASN) has acquired a total of 781 apartment units in the Chicago and Minneapolis areas for $72.4 million, establishing a beachhead in the Midwest.The company has opened an office in Oak...
September 30, 1999 NEW YORK – New York Life Insurance Co. has provided $63 million of fixed-rate mortgage financing for the HBO Building at
September 30, 1999 DENVER – Archstone Communities (NYSE:ASN) said it has sold $166.3 million of "non-core" properties during the third quarter, bringing total dispositions for the year to $364.7 million.Meanwhile, Archstone's trustees authorized the repurchase of up to...
September 30, 1999 Walden Residential Properties Inc. (NYSE:WDN) has filed a Form SC 13D/A with the SEC regarding its merger with Olympus Real Estate Corp.
September 30, 1999 Cadillac shares rise as it readies to open booksThe National Post, September 30 TORONTO – Yesterday, as Cadillac Fairview Corp. readied itself for a possible sale, the company's stock shot up 4.6%. Analysts speculate that...
September 30, 1999 Wilshire REIT (NYSE:WREI) has filed a Form 8-K with the SEC regarding its decision to become internally managed.
September 30, 1999 NEW YORK -- Hazen & Sawyer PC has signed a 15-year lease for 62,730 square feet of office space at 498 Seventh Avenue. The firm will relocate from 726 Broadway before the end of the...
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 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 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...
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