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 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...

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 LOS ANGELES – CB Richard Ellis (NYSE:CBG) said its board has authorized the repurchase of up to $5 million of its common shares.Ray Wirta, chief executive officer of the firm, said, "It is our belief...

September 2, 1999 MIAMI – Atlantic Gulf Communities Corp. (OTC:AGLF) has named Richard Ackerman, the former president of Crocker Realty Trust, as chief executive.Ackerman, who will oversee the restructuring of Atlantic Gulf, replaces Larry Rutherford, who stepped down...

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...