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...

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 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 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...

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....

August 31, 1999 DALLAS – Apartment rental rates in Denver continued to climb last quarter, but Axiometrics, a Dallas research firm, predicts that the market will soften as employment growth slows and a flurry of new multi-family units...

August 31, 1999 ATLANTA – Post Properties Inc. (NYSE:PPS) has started construction on five apartment communities that it projects will cost a total of $137 million to complete.The complexes are in Charlotte, Austin, Texas, Atlanta and Dallas. The...

August 31, 1999$5.8 Mln bid puts park plans in jeopardyChicago Tribune, August 31CHICAGO – The attorney representing property owner Maryknoll Restoration Inc. and its owner told a federal bankruptcy judge they have a deal to sell the land...