September 24, 1999 $40-Mln development planned at Mont. Ste.-MarieThe Ottawa Citizen, September 24LAC STE.-MARIE, Que. – The future is looking profitable for the village of Lac Ste.-Marie and the nearby ski hill and golf club of Mont. Ste.-Marie,...

September 24, 1999 ROCKVILLE, Md. – Federal Realty Investment Trust (NYSE: FRT) said it has terminated negotiations to sell its shopping center assets. The REIT earlier this month said that it was in talks to sell its portfolio...

September 24, 1999 CHICAGO – Horizon Group Properties Inc. (NASDAQ:HGPI) said it has retained Secured Capital Corp to advise it on ways to enhance shareholder value but is leaning toward selling some or all of its assets.Horizon owns...

September 24, 1999 By The Associated PressNEW YORK (AP) – The price of the Treasury's main 30-year bond was down 3/32, or 93 ? cents per $1,000 in face value, around midday, while its yield rose 1 basis...

September 24, 1999 Health Care Property Investors Inc. (NYSE:HCP) has filed a Form S-4 with the SEC regarding the merger between American Health Properties and Health Care Property Investors.

September 24, 1999 By Morris Newman, VertiNews.com CorrespondentVISTA, Calif. – Koll Development Co. of Newport Beach, Calif., plans to open the 160,000-square-foot Skyridge Industrial Park next month.Leasing representatives for the speculative property are David Onosko and Robert Gunness...

September 23, 1999 ANN ARBOR, Mich. – Captec Financial Group Inc. has provided $24.2 million of financing to SDI Foods Inc. for the purchase of 24 Taco Bell restaurants in the Cincinnati area.Captec Financial is affiliated with Captec...

September 23, 1999Two more Butler-Southside projects plannedFlorida Times-Union, September 23JACKSONVILLE, Fla. – Two more Butler-Southside projects are being planned. The $18 million, 200,000-square-foot Meridian at Deerwood will consist of a five-building office complex will be developed by Phil...

September 23, 1999TORONTO – Oxford Properties Group Inc. confirmed that a group it leads had gained control of Royal Bank of Canada's real estate portfolio in a deal valued at C$827 million, according to the Canadian Press.Royal Bank...

September 23, 1999 CHICAGO – AMLI Residential (NYSE:AML) has sold its AMLI at Prairie Court, a 125-unit apartment community in Oak Park, Ill., for $13.5 million. The property was sold to another REIT in an all-cash transaction.Most of...

September 23, 1999By Thomas J. Walsh, VertiNews.com Senior WriterPrice talk on the long-awaited $907.5 million Lehman Brothers commercial mortgage-backed securities issue came out today at levels in line with market benchmarks.The fusion deal, LB Commercial Mortgage Trust 1999-C2,...

September 23, 1999WASHINGTON – REITs that own apartment properties are generally more highly leveraged than those that own other property types, according to a study commissioned by the National Multi Housing Council that will be released early next...

September 23, 1999 New bids requested on PalaisMontreal Gazette, September 23MONTREAL – The Quebec government has sent the three companies in the running to build Montreal's convention-center extension back to the drawing boards, meaning that plans to expand...

September 22, 1999NORTHBROOK, Ill. – Grubb & Ellis Co. (NYSE:GBE) has been selected by Boeing's real estate unit to provide a variety of real estate services.The brokerage has hit the ground running. It is marketing a 28-acre site...

September 22, 1999 DALLAS – Prentiss Properties Trust (NYSE:PP) said its affiliated operating partnership, Prentiss Properties Acquisition Partners LP, privately placed 2 million Series C Cumulative Redeemable Perpetual Preferred units with institutional investors.The sale generated $50 million of...

September 22, 1999By Arthur Adler, Managing Director, Lodging & Leisure Group, Sonnenblick-Goldman Co.The lodging industry is continuing to generate strong operating results. While occupancies have declined recently, average daily rates are still increasing at above the rate of...

September 22, 1999 J.P. Morgan Investment Management sold 1 million square feet of office space for $80 million, according to the Wall Street Journal.The pension-fund adviser had acquired the portfolio three years ago from Koger Equities Inc., a...

September 22, 1999 DUBLIN, Calif. – Koll Development Co. together with the National Electrical Benefit Fund (NEBF), has purchased 20 acres along the I-580 corridor in Dublin from the Alameda County Surplus Property Authority for an undisclosed sum.The...

September 22, 1999Butler Square pegged for area on SouthsideFlorida Times-Union, September 22JACKSONVILLE, Fla. –The A.C. Skinner family has agreed to sell 31.8 acres along Gate Parkway, northeast of Butler and Southside boulevards, to CBL Associates for a project...

September 22, 1999 PALO ALTO, Calif. – Essex Property Trust Inc. (NYSE:ESS) has sold its former headquarters building at 777 California Avenue in Palo Alto for $18.4 million, or $404/sf, giving it a gain of $4.7 million.Essex moved...

September 22, 1999 NEW YORK – Wasserstein Perella Group Inc. has signed a 16-year lease to occupy 180,000 square feet at 1301 Avenue of the Americas, a Midtown Manhattan office building owned by a group led by Tishman...

September 22, 1999 By The Associated PressNEW YORK (AP) – The price of the Treasury's main 30-year bond was down 3/16 point, or $1.87 ? per $1,000 in face value, around midday, while its yield rose 1 basis...

September 22, 1999 By Morris Newman, VertiNews.com CorrespondentPHOENIX – Jacob Development of Ann Arbor, Mich., has paid $15 million for a portfolio of Phoenix-area hotels that contain a total of 529 rooms.The purchase is the first in the...

September 22, 1999 DALLAS – Amresco Inc. (NASDAQ:AMMB) said it has entered into exclusive negotiations to sell its asset management, commercial mortgage banking and servicing and real estate structured finance operations to Lend Lease Corp., an Australian money...

September 22, 1999 By Morris Newman, VertiNews.com CorrespondentHENDERSON, Nev. – Ocean Spray has signed a 10-year deal to lease a to-be-built distribution facility. The lease was valued at $12.5 million.Ocean Spray will house its western distribution center at...