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

September 30, 1999 BEVERLY HILLS, Calif. – Kennedy-Wilson Inc. (NASDAQ:KWIC) has acquired TRF Management Corp., a property management and brokerage firm in Bellevue, Wash.TRF manages some 4 million square feet of commercial space in the Pacific Northwest. The...

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 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...