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 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 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...

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....