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...

August 31, 1999 By Associated Press OTIS, Ore. (AP) - It's just a blip on the map along Oregon 18 where beach-bound travelers can stop to fill their tanks or fill their bellies at the Otis Cafe. It...

August 31, 1999 CHICAGO – General Growth Properties Inc. plans to launch an interactive mall web site, Mallibu.com.The web site, which will be fully operational this fall, will serve as a portal for individual web sites of General...

August 31, 1999 By Associated PressHURON, S.D. (AP) - Huron University has bought its campus from a group of mostly local investors. Now independently owned and operated, Huron University L.L.C. has more than $10 million in assets. That...

August 31, 1999 By The Associated PressThe following is a transcript of a CNNfn interview by Business Day anchor, John Defterios, with Starwood Hotels & Lodging CEO Barry Stemlicht. The interview was conducted this morning.Starwood (Company: Starwood Hotels...

August 31, 1999 HCC System nabs Midtown building for HQ Houston Business Journal , August 31HOUSTON -- Midtown's largest office building-- and a former home to Southwestern Bell Telephone Co. -- will get a multimillion-dollar overhaul as the...

August 31, 1999 NEW YORK – SL Green Realty Corp. (NYSE:SLG) has brought in a joint venture partner, Carlyle Realty, to purchase 1250 Broadway in Midtown Manhattan.SL Green had originally agreed to buy the 670,000-square-foot office building on...

August 31, 1999 By Paul Gereffi, VertiNews.com CorrespondentSteak N' Shake, the Indianapolis-based restaurant chain that has long been a fixture in the Midwest and Central Florida, is launching an aggressive expansion campaign in South Florida.The chain, a subsidiary...

August 31, 1999 Big Paris Casino Due to Open in Las Vegas Sept. 1Las Vegas Sun, Aug. 31LAS VEGAS – The $785 million Paris Las Vegas hotel-casino will open Sept. 1 with fireworks, parties for high-rollers and top...

August 31, 1999 By Morris Newman, VertiNews.com CorrespondentIRVINE, Calif. – The California Department of Transportation (CalTrans) has taken occupancy of 148,000 square feet in the Park Place Office Campus in this Orange County city.The new office will function...

August 31, 1999 Pittsburgh Auditorium authority helps with arena debt The Pittsburgh Post-Gazette, August 31 PITTSBURGH-The board of the Public Auditorium Authority agreed yesterday to make a Civic Arena debt payment to help the new ownership of the...

August 31, 1999 By Morris Newman, VertiNews.com CorrespondentIRVINE, Calif. – Opus West spent an undisclosed amount to buy 15 acres in Foothill Ranch, a master-planned community in south Orange County, Calif.The seller was ProLogis Trust, a Denver REIT....

August 31, 1999 Buyers lining up for GenstarThe National Post, August 31MONTREAL – Genstar Development Co., the real estate company Imasco Ltd. put on the block one month ago, is attracting solid attention from potential U.S. and Canadian...

August 31, 1999By Morris Newman, VertiNews.com CorrespondentMESA, Ariz. – Cole Partnerships Inc. of Phoenix paid $11 million for a 260,000-square-foot retail center in Mesa. The seller was Asean Shopping Center of Mesa.The center is 90 percent leased and...

August 31, 1999 Ciao, N.J. Turnpike Bergen Record, August 31TRENTON, N.J. – It's official: The biggest operator of food and gift concessions for travelers  including on the Garden State Parkway, the turnpike, and at Newark Airport ...

August 31, 1999 SOUTHFIELD, Mich. – Ramco-Gershenson Properties Trust (NYSE: RPT) has formed a joint venture with Investcorp International that aims to buy $125 million of shopping centers.Investcorp, an international investment firm best known for reviving firms such...

August 31, 1999Coming soon: Slowdown in apartment boomOrlando Business Journal, August 30ORLANDO, Fla. – The great apartment shakeup of 1999 is about to come, according to apartment guru Robert W. Miller of the Orlando office of CBRichard Ellis....

August 30, 1999Debt for Philly REITs is rocketingThe Philadelphia Business Journal, August 30 Reflecting a growing national trend, Philadelphia area property assetsare being sold off, stock buyback programs and refinancings arecommonplace, and REIT debt loads have doubled in...