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 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 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 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 15, 1999 LOS ANGELES – CB Richard Ellis (NYSE:CBG) said its retail services group has struck a deal with AT&T to provide the telecommunications firm with a variety of real estate consulting services.AT&T plans to open 400-500...

September 15, 1999Fewer office buildings selling in Atlanta in '99Atlanta Journal Constitution, Sept. 15ATLANTA – According to an office market report by Marcus & Millichap, fewer office buildings have been selling in Atlanta this year than last. In...

September 15, 1999 Horizon Media signed a long-term lease for 37,500 square feet at 630 Third Ave. The media-buying company currently occupies 25,000 square feet in the facility and is the largest tenant in the 250,000-sf building.Newmark &...

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 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...

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 PITTSBURGH (AP) – After 20 years of trying, Oxford Development Co. has finally gotten approval to develop 183 acres of wooded property in North Hills. The developer has twice tried and failed to develop a...

September 15, 1999 PITTSBURGH – The pension-fund advisory arm of J.P. Morgan has provided $134 million of fixed-rate acquisition financing the Hillman Co. for its $180 million purchase of PPG Place in Pittsburgh.The mortgage was provided by a...

September 15, 1999 MENLO PARK, Calif. – Spieker Properties Inc. (NYSE:SPK) said it recently leased a total of 116,000 square feet at the second phase of Parkshore Plaza, a just-completed development in Folsom, Calif., near Sacramento.The largest recent...

September 15, 1999 By Lisa Finnegan, VertiNews.com CorrespondentBrooks Brothers is relocating its Long Island City, N.Y., manufacturing/alterations facility.The high-end apparel retailer signed a 15-year lease for 85,000 square feet at 39-25 Skillman Avenue. It previously occupied the Mojud...

September 15, 1999 By Lisa Finnegan, VertiNews.com Correspondent BOSTON - A pension-fund client of GE Capital Investment Advisors has paid about $45 million, or $162/sf, for two Class A office buildings in suburban Boston.The two buildings, Two and...

September 15, 1999 GREENWICH, Conn. – Urstadt Biddle Properties Inc. (NYSE:UBP) declared a 17 cents/share dividend on its common stock and a 19 cents/share dividend on its Class A common stock. The dividends are payable Oct. 22 to...