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...

September 2, 1999 CHICAGO – Great Lakes REIT (NYSE:GL) sold 565 Lakeview Parkway in Vernon Hills, Ill., for $8.8 million and expects to invest the sale proceeds in another building of similar value as part of a tax-deferred...

September 2, 1999 By The Associated PressNEWPORT NEWS, Va. (AP) - Newport News Shipbuilding will lay off 450 hourly workers beginning this month. The company made the announcement in a letter distributed to employees at the shipyard Thursday...

September 2, 1999 By Indraneel Sur, Associated Press Writer BALTIMORE (AP) - Preston Trucking Co. is seeking bankruptcy court approval to begin selling property and equipment to pay off $92 million owed to creditors. The company will ask...

September 2, 1999NEW YORK – Clarion Partners has hired William K. Krauch, vice chairman of CB Richard Ellis Investors, as managing director responsible for client relations and marketing.Krauch, who was with CB Richard Ellis Investors, formerly Westmark Realty...

September 2, 1999 Stew Leonard's and other stores set for YonkersNew York Times, September 2YONKERS, N.Y. – A shopping center that includes two mega-retailers and the first New York store of the Stew Leonard's supermarket chain is to...

September 2, 1999G.L. Homes leads land rush west of DelraySouth Florida Business Journal, September 2DELRAY BEACH, Fla.– G.L. Homes is becoming one of the hungriest home builders grazing for land in the Agricultural Reserve, South Palm Beach County's...

September 2, 1999Angelos to acquire two towersThe Baltimore Sun, September 2BALTIMORE – Furthering his efforts to rehabilitate downtown's traditionally defined central business district, Peter G. Angelos is preparing to buy two downtown office buildings for a combined $12.4...