October 4, 1999 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) has sold two office buildings, in San Diego and Phoenix, for a total of $20 million.In San Diego, the REIT sold a 66,000-square-foot office/research and devevelopment facility...

October 4, 1999 NEWTOWN SQUARE, Pa. – Brandywine Realty Trust (NYSE: BDN) has acquired 7130 Ambassador Drive, a 114,049-square-foot industrial building in Allentown, Pa., from Dispensing Container Corp. for $3.7 millionAt the same time, Dispensing Container leased the...

October 4, 1999 Breathing new life into an old buildingSt. Petersburg Times, October 4ST. PETERSBURG, Fla. – Developer Joel Cantor is renovating the 175,000-square-foot BayView Tower in downtown St. Petersburg. He is offering below average rents – $13...

October 4, 1999 G&L Realty Corp. (NYSE:GLR) has filed a Form SC 13E4 with the SEC. The filing relates to the company's offer to buy 1 million of its securities.

October 4, 1999 Cigna Healthcare has agreed to occupy a 105,000-square-foot office complex that is being constructed in Bourbonnais, Ill.The health insurer has agreed to occupy the entire building for 10 years under a deal valued at about...

October 4, 1999 RICHMOND, Va. – Cornerstone Realty Income Trust (NYSE:TCR) has received $73.5 million of fixed-rate financing from Prudential Mortgage Capital Corp. The seven-year loan bears interest only at an annual rate of 7.29 percent and is...

October 4, 1999 Urban Shopping Centers (NYSE:URB) has filed Form 8-K with the SEC.

October 4, 1999 PALM BEACH, Fla. – Bank of America has provided $58 million of long-term financing to Innkeepers USA Trust (NYSE:KPA).The 10-year loan carries an interest rate of 7.16 percent and is backed by eight hotels. The...

October 4, 1999 Quebec retailer eyes Eaton's outletsThe National Post, October 2MONTREAL – Quebec-based Les Boutiques San Francisco Inc. is looking to expand. It is negotiating to takeover eight to 13 locations of insolvent T. Eaton Co. Ltd....

October 4, 1999 SEATTLE – Sabey Corp., a Seattle real estate developer, has paid $21.5 million, or $139/sf, for the Queen Anne Square office complex. Sabey acquired the two-building property, which has 155,000 square feet, from Lincoln National...

October 4, 1999 NEW YORK – InterWorld Corp. has signed a 15-year lease at 395 Hudson Street in Lower Manhattan. The lease increases to 100,000 square feet from 40,000 sf the amount of space that InterWorld occupies at...

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...

October 1, 1999 ATLANTA – Chastain Capital Corp. (NASDAQ:CHAS) said its shareholders have adopted agreements to sell a portion of the company's assets to Insignia Opportunity Partners and to BankBoston.The sale of a $21 million mezzanine loan to...

October 1, 1999 ATLANTA – Post Properties Inc. (NYSE:PPS) has completed leasing Post Hyde Park in Tampa, Fla. The 119-unit complex cost $10 million to construct and will generate a return of 11.5 percent.Post Properties owns about 35,467...

October 1, 1999 SACRAMENTO, Calif. – The Valspar Corp. has paid $4.4 million for a 120,000-square-foot distribution facility in Sacramento's Power Ridge Business Park. The Minneapolis company, one of the five largest paint and coating manufacturers in the...

October 1, 1999 CHICAGO – Equity Office Properties Trust (NYSE:EOP) paid $85 million for Palo Alto Square, a 320,500-square-foot office complex that is owned by a partnership controlled by financier Sam Zell.Sam Zell is Equity Office's chairman. The...

October 1, 1999 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE:CLI) has leased 95,000 square feet of office space at its 795 Folsom Street property in San Francisco to Rent Net Inc., an internet company.The lease increases the occupany...

October 1, 1999 NORFOLK, Va. – Norfolk Southern Corp. (NYSE:NSC) has decided to offer for sale its entire downtown Atlanta real estate portfolio. The railroad company has hired Insignia/ESG (NYSE:IFS) to evaluate and market the properties. Perhaps the...

October 1, 1999 Sun Life plans to sell stake in former Montreal headquartersThe National Post, October 1MONTREAL – Sun Life Assurance Co. of Canada will sell a half interest in its historic former Montreal head office and its...