September 10, 1999 DETROIT (AP) – A developer is nearing an agreement to spell out terms for a project that city officials have said is key to revitalizing downtown. "My understanding is that a development agreement is very,...

September 10, 1999 ROCKVILLE, Md. – Criimi Mae Inc. (NYSE:CMM) said an affiliate of Apollo Real Estate Advisors IV will provide it with a $50 million capital infusion as part of a $910 million plan of reorganization that...

September 10, 1999 GLENDALE, Calif. – PS Business Parks Inc. (AMEX:PSB) raised $110 million by privately placing preferred shares in its affiliated operating partnership, PS Business Parks LP.Goldman Sachs and Merrill Lynch were exclusive placement agents for an...

September 10, 1999Hines has purchased Sanwa Bank Plaza, a 1 million-square-foot office building in downtown Los Angeles. The firm did not disclose the purchase price, but it is widely believed to have been $215 million, or $215/sf.The building,...

September 10, 1999 NEW YORK – Clarion Partners has made a total of $150 million of investments in Donahue Schriber of Newport Beach, Calif., and a New York office building owned by Taconic Investment Partners.The investment in Donahue...

September 10, 1999 A unit of CDL Hotels International of Singapore has agreed to buy the North American portfolio of Regal Hotels International, giving it control of such trophies as the Biltmore Hotel in Los Angeles, the UN...

September 10, 1999Investors throw in towel on city block Orlando Sentinel, Sept. 10ORLANDO, Fla. – The Saudi Arabian owners of two-and-a-quarter acres of prime downtown Orlando real estate have given up trying to market the property themselves. Greenwich...

September 10, 1999 Shoppers' executives caught up in suitThe National Post, Sept. 10TORONTO—Takeover target Shoppers Drug Mart has lost the second round ofa bitter two-year legal battle with mail-order pharmacist Meditrust Healthcare Inc. Meditrust, which launched a $120-million...

September 10, 1999 By Keith Regan, VertiNews.com CorrespondentLeggat McCall Properties LLC has landed six tenants at its Waltham Woods Corporate Center just a month after completing construction of the property -- news that may encourage more developers to...

September 10, 1999 ARLINGTON, Va. – Charles E. Smith Residential Realty Inc. (NYSE:SRW) will sell $90 million of convertible preferred shares to GE Capital and $10 million to another institutional investor.Charles E. Smith will issue a total of...

September 9, 1999 Eaton's landlords poised to seize Quebec leasesThe Globe and Mail, September 9TORONTO – Eaton Co. Ltd.'s landlords are poised to seize the leases on the retailer's Quebec department stores if the insolvent company goes bankrupt....

September 9, 1999 ONTARIO, Calif. – XIT Corporation ("XIT"), a subsidiary of MicroTel International Inc. (OTCBB: MCTL) ("MicroTel"), sold its 50 percent interest in a partnership that owns a 93,000-square-foot facility in Ontario, California.As part of the consideration...

September 9, 1999 By The Associated PressALBUQUERQUE, N.M. (AP) – 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...

September 9, 1999SAN FRANCISCO – The former Standard Oil Building will be the headquarters of a newly formed company merging the Internet assets of Xoom.com, Snap.Com and broadcaster NBC.Ocwen Asset Investment Corp. (NYSE: OAC) announced it has leased...

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...