September 9, 1999 By The Associated PressKALISPELL, Mont. (AP) – A multi-million-dollar real estate proposal could net Kalispell a brand-new fairgrounds, while at the same time turn the old fairgrounds into a commercial shopping district. "We have a...

September 9, 1999 By The Associated PressNEW BERN, N.C. (AP) – A state panel studying ways to reduce runoff pollution in coastal sounds and rivers has backpedaled on its previous plan to restrict all permanent structures 30 feet...

September 9, 1999 By The Associated PressBERLIN (AP) – Just days after starting work in Berlin, German lawmakers got bad news Thursday about their offices: Most won't be ready for another two years because of construction problems. The...

September 9, 1999 By The Associated PressEDEN, N.C. (AP) - Debt-ridden Pluma is closing its doors in the town of Eden. The maker of fleece and other active-wear products filed for bankruptcy protection earlier this year, will shut...

September 9, 1999 By Thom Geier, The Hollywood Reporte TORONTO (AP)- Mired in red ink, Canadian film and television company Lions Gate Entertainment is seeking a buyer, sources said Wednesday,for its operations including film production, television, domestic distribution...

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 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...

September 8, 1999 CLEVELAND – Associated Estates Realty Corp. (NYSE: AEC) has sold the Desert Oasis Apartments for $17.1 million or nearly $53,500/unit.The sales price gives the buyer a capitalization rate of 7.6 percent based on this years...

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...