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 1, 1999 Hilton Hotels Corp. (NYSE:HLT) is said to be in talks to acquire Promus Hotel Corp. (NYSE:PRH) in a deal valued at more than $2.4 billion.According to the Wall Street Journal, which first reported the talks,...

September 1, 1999 Foes decry UIC plan Chicago Sun Times, September 1CHICAGO – A proposal to preserve about 20 buildings on Maxwell Street will be presented today at the University of Illinois at Chicago's board of trustees meeting....

September 1, 1999 Dr. Pepper to merge with Cadbury Dallas Morning News, September 1DALLAS – Dr. Pepper Bottling Company of Texas reached an agreement to merge with a bottler controlled by Cadbury Schweppes PLC, and the combined company...

By Rob Ferguson of The Associated Press TORONTO (CP) - Philip Reichmann was a teenager when a company founded by his father Albert and uncle Paul built First Canadian Place in 1972. But he knows just about every...

September 1, 1999 Spanish firm to lease part of Al Tech plant, rehire workersCapital District Business Review, September 1 COLONIE, N.Y. – A Spanish steel company will lease a portion of the former Al Tech Specialty Steel Corp....

September 1, 1999City begins bid on 5,000 acres on SouthsideFlorida Times-Union, August 31JACKSONVILLE, Fla. – The city of Jacksonville has begun talks with a major Southside landowner to buy and take 5,000 acres of land out of development...

By Associated PressNEW HAMPTON, Iowa (AP) - Sara Lee has put its plant here up for sale at a price of $25 million, but that could drop as low as $15 million if there's no sale by the...

September 1, 1999From counting marble to rebuilding an empireToronto Star, September 1TORONTO – Philip Reichmann, whose father built First Canadian Place—one of the country's largest office buildings—and then lost it during an economic landslide in the early 1990s,...

September 1, 1999 BOSTON – Boston Properties Inc. (NYSE:BXP) paid $117.6 million for two office buildings and two development sites at the Gateway Commercial Center in South San Francisco.The REIT is buying 601 and 651 Gateway Boulevard, which...

September 1, 1999 WASHINGTON, D.C. – CarrAmerica Realty Corp. (NYSE:CRE) signed a 145,000-square-foot lease expansion with Janus Capital Corp. at Riata Corporate Park in Austin, Texas.As a result of the expansion, Janus will occupy 200,000 sf at the...

September 1, 1999 LOS ANGELES – Morgan Stanley Real Estate Funds' Kearny Real Estate Co. sold its Long Beach Corporate Square office complex in Long Beach, Calif., to Regency Realty Corp. (NYSE:REG).Regency, a Jacksonville, Fla., REIT that primarily...

September 1, 1999 By Associated PressEditor's Note: Figures are in Canadian dollarsTORONTO (AP) - Canadian Real Estate Investment Trust is bidding to take over Avista Real Estate Investment Trust, creating a diversified REIT with assets valued at dlrs...

September 1, 1999 KANSAS CITY, Mo. – Midland Loan Services Inc. has been awarded the loan servicing responsibilities for a $618.6 million commercial real estate mortgage portfolio owned by The St. Paul Companies through its USF&G and Fidelity...

September 1, 1999By The Associated Press The following is a transcript of an interview CNNfn Anchors Valerie Morris and Tony Guida conducted this morning on Market Coverage on Sean Hennessey of PriceWaterhouseCoopers.MORRIS: Now, joining us now with more...

September 1, 1999 PHOENIX - Pinnacle West Capital Corporation (NYSE:PNW) announced that George A. Schreiber, Jr. will leave the company in the near future to return to the investment banking industry in New York.Schreiber joined the company in...

September 1, 1999By Lisa Finnegan, VertiNews.com CorrespondentMarcus & Millichap has hired two brokers in its Fort Lee, N.J., office and expects to hire four-to-six more in the next few weeks, according to David E. Thurston, who manages the...

August 31, 1999 NEW YORK – SL Green Realty Corp. (NYSE:SLG) has brought in a joint venture partner, Carlyle Realty, to purchase 1250 Broadway in Midtown Manhattan.SL Green had originally agreed to buy the 670,000-square-foot office building on...

August 31, 1999 By Paul Gereffi, VertiNews.com CorrespondentSteak N' Shake, the Indianapolis-based restaurant chain that has long been a fixture in the Midwest and Central Florida, is launching an aggressive expansion campaign in South Florida.The chain, a subsidiary...

August 31, 1999 Big Paris Casino Due to Open in Las Vegas Sept. 1Las Vegas Sun, Aug. 31LAS VEGAS – The $785 million Paris Las Vegas hotel-casino will open Sept. 1 with fireworks, parties for high-rollers and top...

August 31, 1999 By Morris Newman, VertiNews.com CorrespondentIRVINE, Calif. – The California Department of Transportation (CalTrans) has taken occupancy of 148,000 square feet in the Park Place Office Campus in this Orange County city.The new office will function...

August 31, 1999 Pittsburgh Auditorium authority helps with arena debt The Pittsburgh Post-Gazette, August 31 PITTSBURGH-The board of the Public Auditorium Authority agreed yesterday to make a Civic Arena debt payment to help the new ownership of the...