October 1, 1999 NEW YORK – A joint venture between Lexington Corporate Properties Trust (NYSE:LXP) and the New York Common Fund has purchased the headquarters of Vastar Resources Inc. in Houston for $34.8 million, or $102/sf.The acquisition is...
October 1, 1999 N. Fulton leads office-space startsAtlanta Journal Constitution, October 1ATLANTA – North Fulton area topped metro Atlanta in the amount of office space started – 699,527 sf in the last quarter – despite a drop in...
October 1, 1999 Kilroy Realty Corp. (NYSE:KRC) has filed a Form S-3/A with the SEC. The filing is a minimally detailed prospectus.
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...
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 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 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 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 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 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 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 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 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...
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