September 14, 1999 FT. WORTH, Texas – Crescent Real Estate Equities Co. (NYSE:CEI) said that the recapitalization of Charter Behavioral Health Systems LLC has been completed.Charter Behavioral leases 88 psychiatric hospitals owned by Crescent.The restructuring was accomplished as...

September 14, 1999Panel OKs deal for business park Daytona Beach News-Journal, September 14DAYTONA BEACH, Fla. – With their latest acquisition of the 239-room Best Western La Playa hotel, newcomers Chuck Bray and Joe Gillespie now own five properties...

September 14, 1999 MILWAUKEE (AP) – TAPP Development Corp. plans to build a wireless-telephone customer service center in Milwaukee. It plans to present its proposal at a hearing scheduled for Wednesday by Suburban Franklin's Community Development Authority. TAPP...

September 14, 1999 Gentra plans Zellers, food court for Eaton's storesNational Post, September 14TORONTO – Gentra Inc., a Toronto-based real estate company, is nearing a deal to replace two Eaton's department stores. One Eaton's department store in a...

September 14, 1999 BOSTON (AP) – The British company that owns Shaw's and Star supermarkets announced it will close Star's Norwood warehouse Nov. 13. This is the latest effort to adhere to requirements imposed by federal regulators after...

September 14, 1999 NEW YORK – A joint venture between Legacy Partners and ING Barings has purchased the Cox Communications Building at 101 Convention Center Drive in Las Vegas.The building was sold for an undisclosed price by a...

September 14, 1999 SAN FRANCISCO – The Building Owners and Managers Association of San Francisco has elected Nancy Gille, vice president of Spieker Properties, and Jim Arce, senior vice president of investment management of Wilson Cornerstone Properties, to...

September 14, 1999 LOS ANGELES – Jones Lang LaSalle Hotels (NYSE:JLL) has named Karen Johnson senior vice president of its west coast division and Kimberly Katz as a research associate.Johnson was formerly a managing director at Landauer Associates,...

September 14, 1999LAFAYETTE, Calif. – Bedford Property Investors Inc. (NYSE:BED) declared a dividend of 39 cents/share payable Oct. 15 to stockholders of record as of Sept. 30.

September 13, 1999 CHICAGO – Security Capital Group Inc. (NYSE:SCZ) has completed the sale of its 23.6 percent interest in Strategic Hotel Capital Inc. for $329 million. Strategic Hotel financed the purchase of the stake with a $350...

September 13, 1999 INDIANAPOLIS – Duke-Weeks Realty Corp. (NYSE:DRE) has placed $150 million of its common stock with ABP Investments, the U.S. real estate investment arm of Holland's largest pension fund.Duke-Weeks did not use an underwriter on the...

September 13, 1999 SAN FRANCISCO – UCBH Holdings Inc. (NASDAQ:UCBH) has licensed the use of CyberLoan Virtual Lender as its on-line commercial mortgage submission system.UCBH is the holding company for United Commercial Bank. CyberLoan will allow the bank's...

September 13, 1999By The Associated PressTOKYO (AP) – The state-run Resolution and Collection Corp. (RCC) will buy real-estate collateral for loans that went bad from 35 financial institutions at one-20th its combined book value, the Financial Reconstruction Commission...

September 13, 1999 NEWTOWN SQUARE, Pa. – Brandywine Realty Trust (NYSE:BDN) has sold the Twin Forks Office Park, a 73,500-square-foot office complex in Raleigh, N.C., for $7.75 million, or $105.57/sf.The fully leased property was sold to Taylor Family...

September 13, 1999 Gentra Inc. (TORONTO:GTA.TO) has agreed to pay C$90 million for the Sevenoaks Shopping Centre in Abbotsford, British Columbia. The property, near Vancouver, is being purchased from Grosvenor International Canada Ltd.Sevenoaks, a regional mall, contains 556,000...

September 13, 1999 Guardian Life has signed a 10-year lease for 25,000 square feet at 60 Broad Street, a 1.1 million-sf office building in downtown Manhattan.The building is owned by a venture between Kennedy-Wilson (NASDAQ:KWIC) and Pioneer Holdings,...

September 13, 1999 The office and industrial markets in the western U.S. remained healthy throughout the first half of 1999, and is expected to continue past 2000, according to an annual report by Colliers International. Office Market ReviewClass...

September 13, 1999 Holliday Fenoglio Fowler LP is expected to add high-caliber investment sales professionals in New York and Boston as part of its strategy to become a national player in the investment-sales community.The Dallas unit of Amresco...

September 13, 1999 DENVER – Archstone Communities (NYSE:ASN) is buying three apartment complexes in Illinois and Minnesota for $72.4 million.The purchases mark Archstone's entry into the Midwest. The REIT expects to complete another $75 million of Midwestern purchases...

September 13, 1999 JOHNSTOWN, Pa. – Crown American Realty Trust (NYSE: CWN) has eliminated 20 positions in its corporate office and three field staff positions, in anticipation of lower construction and development activity.The 12 percent reduction in staffing...

September 13, 1999Dream BaronSt. Petersburg Times, September 12JACKSONVILLE, Fla.– The St. Joe Co. owns a 1.2 million acre domain in Florida, about three percent of the state's land. That makes the Jacksonville-based company-formerly known as the St. Joe...

September 13, 1999Corel Centre beckons the Ex; Entertainment, trade-show complex proposedThe Ottawa Citizen, September 13OTTAWA – A new entertainment and trade-show complex has been proposed for vacant land near the Corel Centre in Kanata, perhaps financed by a...

September 10, 1999Investors throw in towel on city block Orlando Sentinel, Sept. 10ORLANDO, Fla. – The Saudi Arabian owners of two-and-a-quarter acres of prime downtown Orlando real estate have given up trying to market the property themselves. Greenwich...

September 10, 1999 Shoppers' executives caught up in suitThe National Post, Sept. 10TORONTO—Takeover target Shoppers Drug Mart has lost the second round ofa bitter two-year legal battle with mail-order pharmacist Meditrust Healthcare Inc. Meditrust, which launched a $120-million...

September 10, 1999 By Keith Regan, VertiNews.com CorrespondentLeggat McCall Properties LLC has landed six tenants at its Waltham Woods Corporate Center just a month after completing construction of the property -- news that may encourage more developers to...