September 7, 1999 BLOOMFIELD HILLS, Mich. – Taubman Centers Inc. (NYSE:TCO) said it raised $75 million through the private placement of 9 percent cumulative preferred partnership equity in the Taubman Realty Group LP. The preferred equity was purchased...

September 7, 1999 ROCHESTER, N.Y. – Hudson Hotels Corp. (NASDAQ: HUDS) has been awarded the management contracts to the Best Western D/FW Airport Suits and the Clarion Inn and Suites D/FW North, two adjoining hotels next to the...

September 7, 1999 ATLANTA – Post Properties Inc. (NYSE: PPS) raised $70 million through a private placement of 8 percent preferred equity securities.The securities were issued by Post Apartment Homes LP, the REIT's operating partnership. They were placed...

September 7, 1999 By The Associated PressBEVERLY HILLS, Calif. (AP)- Hilton Hotels Corp., owner of New York's famed Waldorf-Astoria and other properties, will acquire Promus Hotel Corp. for $4 billion plus the assumption of debt, the hotel operator...

September 7, 1999 A developer reshapes a Brighton Beach project New York Times, September 5BRIGHTON BEACH, N.Y. – Developer Joshua L. Muss is a man of patience who is waiting for the magic formula of permits and financing...

September 7, 1999ROSELAND, N.J. – Chelsea GCA Realty Inc. (NYSE: CCG) said its affiliated operating partnership, Chelsea GCA Realty Partnership LP, has raised $65 million by privately placing series B cumulative redeemable preferred units with one institutional investor.The...

September 7, 1999Starmount, Lindbrook plan medical buildingsThe Business Journal of the Greater Triad Area, September 7GREENSBORO, N.C. – Starmount Co. is entering the medical office realm with a 50,000-square-foot building for Moses Cone Health System, while market veteran...

September 7, 1999 Soaring real estate values trigger cuts in Metro tax billsThe Detroit News , September 7DETROIT – Real estate values are steadily inclining around Metro Detroit and a state law is forcing property taxes to roll...

September 7, 1999 By The Associated PressALBUQUERQUE, N.M. – REALCO, Inc. (Nasdaq: RLCO) has acquired TI Construction, a multi-state commercial construction company located in Albuquerque. Amity Inc., a wholly owned commercial construction subsidiary of Realco, acquired the name,...

September 7, 1999 Summit mulls making a hostile bid for AvistaThe National Post, September 7 TORONTO – Summit Real Estate Investment Trust's board of trustees will decide today whether to launch a hostile bid for Avista REIT. The...

September 7, 1999 NEW YORK – The construction management and development firm Jeffrey M. Brown Associates Inc. has named Edward Opall as its new chief financial officer, and hired Hector Batista as vice president of corporate affairs.Opall is...

September 7, 1999 Building sale signals market revivalHouston Business Journal, September 7HOUSTON – A major office building has changed hands in the Galleria area's biggest investment sale of the year. The glassy, half-circular Tractebel Building at the edge...

September 7, 1999 TORONTO – Cadillac Fairview (NYSE: CDF) paid $20.9 million for the 20 percent interest in the Northpark Mall in Ridgeland, Miss., that it did not already own.The 958,000-square-foot mall underwent an $8 million renovation last...

September 3, 1999 Developers to propose nuke plant for electricityThe Philadelphia Inquirer, September 3 LIMERICK, Pa.-Developers proposing a 500-megawatt electricity-generating plant on a site next to Peco Energy Co.'s nuclear power plant will face a crucial step this...

September 3, 1999 Home Properties buys complex near O'HareRochester Democrat and Chronicle, September 3ROCHESTER, N.Y. – Home Properties of New York Inc. made its secondacquisition in Illinois yesterday when it purchased a 783-unit apartment complex near O'Hare International...

September 3, 1999 Florida company buys EFTC ServicesBusiness First of Louisville, September 3LOUISVILLE, Ky. – Jabil Circuit Inc. of St. Petersburg, Florida, has completed the purchase of EFTC Services from EFTC corp. of Denver for $30 million. EFTC...

September 3, 1999 Reichmann tower purchase approved The Globe and Mail, September 3TORONTO – A company headed by Philip Reichmann got the go-ahead yesterday to buy back a landmark Toronto office tower, giving his family a second chance...

September 3, 1999Local businesses working on plans for new Twin Cities sports arenasMinneapolis Star Tribune, September 3MINNEAPOLIS – Quiet work continues among Twin Cities business leaders on a plan that could partially finance a new $300-million baseball park...

September 3, 1999 PORTLAND, Ore.– A Circuit Court has ruled that Andrew Wiederhorn and Lawrence Mendelsohn, chief executive and president of Wilshire REIT (NASDAQ:WREI) and Wilshire Financial Services Group (OTC:WFSG), do not have a right to continue occupying...

September 3, 1999 DENVER – Asset Investors Corp. (NYSE:AIC) and Commercial Assets Inc. (AMEX:CAX), two affiliated REITs that own manufactured housing communities, have agreed to merge.Under the merger, Asset Investors will issue 0.4075 shares of its common stock...

September 3, 1999 By Karen Testa, Associated Press Writer WEST PALM BEACH, Fla. (AP) - An air ambulance trying to make an emergency landing in the dark early Friday, but crashed about a half-mile short of the runway...

September 3, 1999 By The Associated PressALBANY, N.Y. (AP) - The Governor's Office of Regulatory Reform (GORR) (http://www.gorr.state.ny.us) will host a series of four seminars statewide to inform economic development agencies and site owners of the opportunities available...

September 3, 1999By The Associated PressMINOR CORPORATION PLC has taken 15 percent in a new joint-venture firm Thana Mondzee Co Ltd, a property developer. The company has spent Bt300,000 for the investment. The source of the funds was...

September 3, 1999 Scottsdale developers refuse to release consultant reportArizona Republic, September 3SCOTTSDALE, Ariz.– Four days before local residents here are scheduled to vote on whether to approve the will vote to approve the $653 million Canals of...

September 3, 1999 CHICAGO – Horizon Group Properties Inc. (NASDAQ:HGPI) completed the transfer of its nearly 50 percent interest in the Bellport Outlet Center in Bellport, N.Y., to Prime Retail Inc. (NYSE:PRT).Horizon received $7.5 million in cash and...