September 9, 1999 By Carol Muse Evans, VertiNews.com CorrespondentATLANTA, Ga. – Atlanta-based Jameson Inns Inc. (NASDAQ:JAMS), owner of Jameson Inn and Signature Inn hotels, is entering the Louisiana market with the purchase of a Shreveport site for a...

September 9, 1999 JACKSONVILLE, Fla. – Regency Realty Corporation (NYSE: REG) announced today that its Regency Centers, L.P. sold $85 million of 8.75% Series B cumulative redeemable preferred units and sold $75 million of 9.00%, Series C cumulative...

September 9, 1999 LOS ANGELES – The Bentley Forbes Group LLC bought Capital One Financial Corporation's Tollway Office Center I complex in the Dallas, Texas suburb of Plano for approximately $20 million.As part of the deal, Bentley Forbes...

September 9, 1999 CHICAGO – Theatreplex Entertainment Properties Inc. bought a $7.8 million cinema multiplex from Glimcher Properties Limited Partnership, the operating partnership for Glimcher Realty Trust (NYSE: GRT), a real estate investment trust based in Columbus, Ohio.The...

September 9, 1999 JOHNSTOWN, Pa. – Crown American Realty Trust (NYSE:CWN) has negotiated a two-year extension and modifications to its secured line of credit from GE Capital Real Estate.The modifications were done in order to fund an expansion...

September 9, 1999 DENVER – Prime Group Realty Trust (NYSE: PGE) has purchased J.D. Edwards' OneWorld(TM) and WorldSoftware(TM) software package which features fully-integrated property management and financial systems, the software company said today.Chicago-based Prime Group Realty Trust is...

September 9, 1999 NEW YORK – WinStar Communications Inc. (NASDAQ: WCII) has signed an agreement with Tishman Speyer Properties to offer its Wireless Fiber(SM) service to tenants worldwide. "Having access to fast and reliable broadband technology is essential...

September 9, 1999 SAN FRANCISCO – A new service offered by Duke-Weeks Realty Corporation (NYSE: DRE), a mixed office and industrial Real Estate Investment Trust (REIT), and StockPower Inc., a Web-based direct investing company allows investors to purchase...

September 9, 1999 By Paul Gereffi, VertiNews.com CorrespondentDuke-Weeks Realty Corp., (NYSE: DRE) a REIT created earlier this year through the combination of Weeks Realty Corp. of Atlanta and Duke Realty Corp. of Indianapolis, has reorganized its Central Florida...

September 9, 1999Highwoods to develop office towerThe News & Observer, September 9RALEIGH, N.C. – Highwoods Properties, the Triangle's largest office landlord, plans to develop a seven-story tower with 160,000 square feet of space and a four-level parking deck...

September 9, 1999 SAN DIEGO – Pan Pacific Retail Properties, Inc. (NYSE:PNP) today reported its Board of Directors declared a regular quarterly dividend of $0.40 per share, payable October 22, 1999, to the shareholders of record September 24,...

September 8, 1999LOS ANGELES – Apex Mortgage Capital Inc. (NYSE: AXM) has set a third-quarter dividend of 46 cents/share payable Oct. 15 to shareholders of record Sept. 30. The dividend is 70 percent higher than the one paid...

September 8, 1999 PALO ALTO, Calif. – Essex Property Trust Inc. (NYSE: ESS) paid $62 million, or $84,700/unit, for Coronado at Newport, a 732-unit apartment complex in Newport Beach, Calif.Essex is evaluating forming a joint venture with another...

September 8, 1999LOS ANGELES – Apex Mortgage Capital Inc. (NYSE: AXM) has offered to acquire Impac Commercial Holdings Inc. (AMEX: ICH) in a stock swap that values Impac at $78 million, or $7.09/share.Each Impac share would be swapped...

September 8, 1999 By Hans Greimel, Associated Press Writer PORTLAND, Ore. (AP) - The whiz-kid founder of Wilshire Financial Services Group and his number two executive have been fired by the company's board in a disagreement over how...

September 8, 1999NORTHBROOK, Ill. – Grubb & Ellis Co. (NYSE: GBE) has named J.D. Kelley national director of strategic services and director of its corporate services group, which is based in Dallas.Kelley was formerly executive managing director of...

September 8, 1999MENLO PARK, Calif. – Spieker Properties Inc. (NYSE: SPK) intends to start construction on a 16-story, 330,000 square foot office tower at its Watergate Office Towers complex in Emeryville, Calif. by the end of this year....

September 8, 1999MCLEAN, Va. – Lerner Enterprises said it has signed leases with seven tenants for 73,400 square feet at 1750 Tysons Boulevard, an office building that is nearing completion in McLean, Va.Lerner, which is based in North...

September 8, 1999 PALO ALTO, Calif. – Essex Property Trust, Inc., (NYSE: ESS) has raised $55 million by issuing, to an institutional investor, 2.2 million preferred units in its affiliated operating partnership.The preferred, 9.25% Series E Cumulative Redeemable...

September 8, 1999 NEW YORK – Wellsford Real Properties Inc. (AMEX: WRP) said an affiliate it operates with Goldman Sachs' (NYSE: GS) Whitehall Street Real Estate Fund paid $27 million for four office buildings with 221,000 square feet...

September 8, 1999By Rachel Sinden, Principal Consultant, and Trevor Miles, Senior Associate, PricewaterhouseCoopers, London(Excerpted from the Fall 1999 edition of Global Real Estate Now, to be distributed later this month.)E-business is already transforming the business landscape for many...

September 8, 1999 Two men making moves for Daytona Beach hotelsDaytona Beach News-Journal, September 8DAYTONA BEACH, Fla. – A pair of investors have bought four of Daytona Beach's major hotels and are negotiating for a fifth. It's all...

September 8, 1999 NORTHBROOK, Ill. – Bradley Real Estate Inc.'s (NYSE: BTR) affiliated operating partnership has placed $25 million of 8.875 percent series C cumulative redeemable perpetual preferred with an institutional investor.The units are callable after five years,...

September 8, 1999 Summit finally gets hostile in Avista bidThe National Post, September 8 TORONTO – As expected, Summit Real Estate Investment Trust has made a hostile bid for Avista REIT. However, Avista's board of trustees has already...

September 8, 1999 LAS VEGAS – A unit of Kennedy-Wilson Inc. (NASDAQ: KWIC) has been hired by Pacific Properties and Northwestern Mutual Life Insurance to manage and lease the Pacific Business Center, a 676,000-square-foot industrial complex that was...