September 27, 1999 PITTSBURGH – Aristech Chemical Corp. has signed a 10-year lease to occupy 53,000 square feet at One Oliver Plaza in Pittsburgh.Terms of the lease were not disclosed. Aristech will vacate the space it currently occupies...

September 27, 1999 USX plans homes, industry near race track siteThe Birmingham News, September 26LEEDS, Ala. – Just northeast of Birmingham, USX Realty is planning a 700-acre development that includes homes, retail shops, industrial park space and possibly...

September 27, 1999 Truce permits sale of SkyDome HotelThe National Post, September 27TORONTO – Toronto's SkyDome Hotel, a 346-room hotel, will be sold to Vancouver real estate company Larco Investments Ltd. despite delays caused by a legal battle...

September 27, 1999 Apartment Investment & Management Co. (NYSE:AIV) has filed a Form 3 with the SEC.

September 27, 1999 BIRMINGHAM, Ala. – Colonial Properties Trust (NYSE:CLP) sold five apartment complexes, with 1,709 units, to a venture it formed with CMS Cos. of Philadelphia.Colonial owns 15 percent of the venture and will continue to manage...

September 27, 1999 Alexandria Real Estate Equities Inc. (NYSE:ARE) has filed a Form 8-K with the SEC.

September 27, 1999By The Associated PressPHILADELPHIA (AP) – Sunoco Inc. (NYSE:SUN) has signed a long-term lease for fourteen of Best Petroleum Co.'s gasoline and convenience stores in metropolitan Boston. The lease allows Sunoco to manage and operate the...

September 24, 1999By Morris Newman, VertiNews.com CorrespondentPHOENIX – The law firm of Quarles & Brady has leased 40,000 square feet at the Bank of America Building at Collier Center in downtown Phoenix. The 10-year deal is worth $11...

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 24, 1999 By Morris Newman, VertiNews.com CorrespondentSCOTTSDALE, Ariz. – SalesLogix. Corp of Scottsdale has leased 16,918 square feet at Gainey Center in a five-year deal worth $2.3 million. The landlord is Opus.SalesLogix is a software maker which...

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 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 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...