September 28, 1999 By Dan Whipple, VertiNews.com CorrespondentCASPER, Wyo. – Local government officials are talking to developers about potential commercial projects for the former Amoco refinery, a 300-acre parcel in this city of 50,000.Likely projects for the heavily...
September 28, 1999 NEW YORK – The Royal Norwegian Consulate General and the Permanent Mission of Norway to the U.N. have signed a 20-year lease renewal for 21,500 square feet at 825 Third Avenue in Manhattan.Terms of the...
September 28, 1999 PHILADELPHIA – Lippincott, Williams and Wilkins has leased 123,000 square feet at 510 Walnut Street in downtown Philadelphia.The 10-year lease was valued at more than $22 million. Lippincott Williams, a publisher, will relocate its corporate...
September 28, 1999 FORT WORTH, Texas – Crescent Real Estate Equities Co. (NYSE:CEI) has made a series of executive changes, effectively reorganizing its senior management. The reorganization was orchestrated to better take advantage of potential investment opportunities, according...
September 28, 1999 NEW YORK – SL Green Realty Corp. (NYSE:SLG) has filed a Form S-3/A for the sale of up to $400 million of common and preferred shares.
September 28, 1999 Starwood Financial Trust (NYSE:APT) has filed with the SEC a proxy statement, under Form DEF 14A, regarding its merger with TriNet Corporate Realty Trust (NYSE: TRI).
September 28, 1999 MEMPHIS, Tenn. – Storage USA Inc. (NYSE:SUS) has filed a Form S3 registration for the issuance of 14,622 shares to individuals and entities that sold self-storage facilities to SUSA Partnership LP on Sept. 25, 1998.
September 27, 1999 DALLAS – Olympus Real Estate Corp. last Friday said an affiliate would acquire Walden Residential Properties Inc. (NYSE:WDN) in a deal valued at about $1.7 billion, or $23.25/share. Olympus is a private opportunistic real estate...
September 27, 1999 JACKSONVILLE, Fla. – FRP Properties Inc. (NASDAQ:FRPP) has proposed spinning off its real estate operations, while retaining its transportation business. The company has received an Internal Revenue Service ruling that allows the deal to be...
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,...
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