September 7, 1999 CLEVELAND – Developers Diversified Realty Corp. (NYSE: DDR) raised $75 million by placing perpetual preferred units in its affiliated operating partnership with an institutional investor. The preferred units pay an annual dividend of 8.875 percent...

September 7, 1999 PricewaterhouseCoopers Signs $22 Mln Lease in Orange CountyLos Angeles Times, Sept. 7IRVINE, Calif. – PricewaterhouseCoopers has leased 69,000 square feet of space in Opus Center Irvine, a 12-story, 267,000 sf office building in Irvine. The...

September 7, 1999 Robert C. Larson, vice chairman of Taubman Centers Inc., has been named chairman of Lazard Freres & Co.'s real estate operation, while Michael G. Medzigian, a partner of Olympus Real Estate Corp., was named president...

September 7, 1999 CHARLOTTE, N.C. – Summit Properties Inc. (NYSE: SMT) has raised $55 million by issuing, through its affiliated operating partnership, perpetual preferred units to an institutional investor.The 2.2 million Series C cumulative redeemable perpetual preferred units...

September 7, 1999 JACKSONVILLE, Fla. – Koger Equity Inc. (AMEX: KE) said it completed the sale of two office parks totaling 1.1 million square feet in Charlotte and Jacksonville to Lennar Partners Inc. (NYSE: LNR) for $70 million,...

September 7, 1999 GREENWICH, Conn. – Urstadt Biddle Properties Inc. (NYSE: UBP) paid $9.5 million for the 80,000-square-foot Towne Centre Shopping Center in Somers, Westchester County, N.Y.The property, anchored by a Gristede's supermarket, is 95 percent occupied. It...

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 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 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...

September 2, 1999Daley, trustees give campus expansion plan a push forwardChicago Sun Times, September 2CHICAGO – Plans have advanced to redevelop Maxwell Street as part of the University of Illinois at Chicago's south campus.Mayor Daley and the school's...

September 2, 1999 Denver developer buys bank building for $23 Mln Denver Rocky Mountain News, September 2 DENVER – Donald Sturm, the developer who also is buying the Denver Nuggets and Colorado Avalanche sports teams, as well as...

September 2, 1999 SAN FRANCISCO – Prudential Mortgage Capital Co., a unit of the Prudential Insurance Co. of America, provided $62 million of 10-year mortgage financing to ProLogis Trust (NYSE:PLD) and the New York State Common Retirement Fund.The...

September 2, 1999 ROCHESTER, N.Y. – Home Properties (NYSE:HME) paid $41.8 million for the Colony Apartments, a 783-unit apartment complex in Mount Prospect, a suburb of Chicago.Home paid cash and assumed a $16.3 million mortgage that carries a...