September 17, 1999 COLUMBIA, S.C. – Gerard M. Matelski has joined Edens & Avant as asset manager. He will be based at the company's headquarters, where he will be responsible for the financial management of assets within the...

September 17, 1999 WHITE PLAINS, N.Y. – Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) said it would put hotels valued at about $500 million up for sale over the next nine months.The hotel REIT said it is...

September 17, 1999 OAKBROOK TERRACE, Ill. – Lincoln Property Co. has started constructing Two and Three Lincoln Centre, a pair of office buildings that will total 430,000 square feet in the Chicago suburb of Oakbrook, Ill.The two buildings...

September 17, 1999 NEW YORK – Municipal Mortgage Acceptance Company (AMEX:CHC) declared a 24.5 cents/share dividend payable on Nov. 14 to shareholders of record on Sept. 30.In addition, CharterMac Equity Issuer Trust, a wholly-owned subsidiary of CharterMac, has...

September 17, 1999 CHICAGO – Lincoln Property Co. and Carlyle Realty have teamed up to buy 111 E. Wacker Drive in Chicago from Koll Bren Realty Advisors for $117 million or $117/sf.The 29-year-old building contains 970,000 sf of...

September 17, 1999 By Lisa Finnegan, VertiNews.com CorrespondentThe best performing hotels in the country happen to be located in the West, according to a study by PKF Consulting.The study compared the characteristics of top-performing hotels – defined as...

September 17, 1999 PHOENIX – CMD Realty Investors Inc. paid $71.5 million, or $122/sf for three suburban Phoenix office buildings from Cornerstone Properties Inc. (NYSE:CPP).CMD acquired Biltmore Lakes Corporate Center, Gateway I and II and Scottsdale Centre, which...

September 17, 1999 WASHINGTON – FBR Asset Investment Corp. (AMEX:FB) declared a cash dividend of 40 cents/share payable Oct. 15 to shareholders of record as of Sept. 30. The dividend represents an increase from the second quarter dividend...

September 17, 1999 NEW YORK – Cornerstone Properties Inc. (NYSE:CPP) said it has sold six non-core properties for a total of $103.3 million. The divested properties include its Phoenix portfolio, one property in Pleasanton, Calif. and one in...

September 17, 1999 BOSTON – Westbrook Partners LLC has teamed up with Paradigm Properties LLC to buy a 181,000-square-foot office building at 18 Tremont Street in Boston's Financial District.Terms of the transaction were not disclosed.The building is currently...

September 17, 1999 Hotel operators not worried about Floyd's effectsDaytona Beach News Journal, September 17DAYTONA BEACH, Fla. – Area hotel operators and tourism officials aren't concerned that beachfront erosion in the wake of Hurricane Floyd will have any...

September 17, 1999 LOS ANGELES – Kilroy Realty Corporation (NYSE:KRC) declared a dividend of 42 cents/share payable Oct. 8 to shareholders of record on Sept. 30.

September 17, 1999JACKSON, Miss. – EastGroup Properties (NYSE: EGP) bought the Kyrene Distribution Center (70,000 square feet and 3.5 acres of land) for $3.5 million and the Fairmont Distribution Center (19,000 sf) for $960,000.Both properties are located in...

September 16, 1999 NEWTOWN SQUARE, Pa. – Brandywine Realty Trust (NYSE:BDN) declared a 39 cents/share dividend payable Oct. 15 to shareholders of record as of Sept. 30.

September 16, 1999 DENVER – Apartment Investment and Management Co. (NYSE: AIV) has placed 1.4 million of its common shares at a price of $39.50/share with five existing shareholders. The placement will generate $54.6 million that AIMCO plans...

September 16, 1999Due to severe weather conditions in Central New Jersey, VertiNews.com Commercial Real Estate News shut down its news desk. We apologize for any inconvenience this may cause.

September 16, 1999Related group may build rentals in downtown MiamiMiami Herald, September16MIAMI – The Related Group of Florida, the state's largest apartment builder, is studying the possibility of building two, 40-story luxury apartment buildings in downtown Miami. The...

September 16, 1999 BETHESDA, Md. – Crestline Capital Corp. (NYSE:CLJ) has elected William L. Wilson to its board. Wilson, principal-in-charge of Synterra Ltd., replaces Christopher J. Nassetta on the hotel leasing company's board.Nassetta is executive vice president and...

September 16, 1999 DENVER – ProLogis (NYSE:PLD) is aiming to raise an investment fund that will be able to buy $2.7 billion of European distribution facilities over the next three years.ProLogis said that it has received commitments from...

September 16, 1999 TrizecHahn walks away from Royal biddingThe National Post, September 16TORONTO – TrizecHahn Corp. has pulled out of the bidding for Royal Bank of Canada's real estate portfolio. A source said that Oxford Properties Group Inc....

September 16, 1999 WEST PALM BEACH, Fla. – Paramount Real Estate Services Inc. has entered into an agreement to manage the 42,000-square-foot Trinity West Medical Office Building in Lewisville, Texas, about 35 miles north of Dallas.

September 16, 1999 BIRMINGHAM, Ala., – XonTech will occupy more than 13,000 square feet of the 133,000-sf Colonial Center at Research Park in Huntsville, Ala. The high-tech company joins a growing list of major tenants at the new...

September 15, 1999 ROSELAND, N.J. – Chelsea GCA Realty Inc. (NYSE:CCG) declared a 72 cents/share payable Oct. 1 to shareholders of record Sept. 30.

September 15, 1999 CUPERTINO, Calif. – Mission West Properties Inc. (AMEX:MSW) announced a dividend increase of 7% to 15 cents/share payable Oct. 11 to holders of record Sept. 30. The company said it expects to pay a total...

September 15, 1999 PHOENIX (AP) – Maricopa County Supervisor Don Stapley is again under investigation, this time for allegedly having given a false answer in applying for a real estate broker's license in 1992. Stapley maintains that there...