August 26, 1999 An investment group led by David Werner has agreed to buy 1775 Broadway in Midtown Manhattan for $130 million to $140 million, or up to $224/sf.Werner is buying the 625,000-square-foot building with financing from Goldman...

August 26, 1999 SCOTTSDALE, Ariz. – Granite Golf Corp. (OTC: GGGI) has assigned its leasehold interests in four golf courses to an entity designated by Golf Trust of America LP, which owns the courses.The courses are Black Bear...

August 25, 1999Businesses sprout in Salina Street hous Syracuse Online, August 25SYRACUSE, N.Y. – The seven-bedroom Victorian home at 1638 S. Salina St. at the corner of Kirk and South Salina streets, has been renovated and remodeled, and...

August 25, 1999 Canadian Tire pledges thousands of new jobs The Ottawa Citizen, August 25TORONTO – Canadian Tire says it will make a "significant announcement" Wednesday about a retail project that will create 3,000 to 4,000 jobs. Without...

August 25, 1999Dying Clearwater Mall to rise from ashesTampa Tribune, August 25CLEARWATER, Fla. – The 26-year old Clearwater Mall may be torn down and replaced with an open air retail center. The 964,000-square-foot mall located on 75 acres...

August 25, 1999 Chester County seeks money to preserve farmlandThe Philadelphia Inquirer, August 25 Faced with unrelenting development pressures, counties in the Philadelphia suburbs hope to snag the lion's share of an additional $42 million for farmland preservation...

August 25, 1999 WASHINGTON, D.C. – CarrAmerica Realty Corp. (NYSE:CRE) has leased 150,000 square feet of space at its Baytech Business Park in North San Jose, Calif., to Schlumberger.The oil services company's Schlumberger Automated Test Equipment unit will...

August 25, 1999 Isle of Capri proposes new casino on the MissouriSt. Louis Post-Dispatch, Aug. 25ST. LOUIS, Mo. – Isle of Capri Casinos Inc. filed an application Monday to build a $130 million hotel, casino and parking garage...

August 25, 1999 Investors in talks to buy towerDallas Morning News, Aug. 25 DALLAS – An investment group that includes Phoenix Suns owner Jerry Colangelo is negotiating to purchase a downtown Dallas skyscraper. The 33-story San Jacinto Tower...

August 25, 1999 IRVING, Texas – American Industrial Properties REIT (NYSE: IND) paid $15.8 million for 96,258-square-feet of flex buildings in the Moffett Business Park in Sunnyvale, Calif.The three one-story buildings are fully leased to International Network Services...

August 25, 1999 ATLANTA – JDN Realty Corp. (NYSE:JDN) has set a 39.5 cents/share common stock dividend payable Sept. 23 to holders of record Sept. 9. In addition, the REIT set a 58.6 cents/share dividend on its 9...

August 25, 1999 NEW YORK – Standard & Poor's affirmed its ratings on various classes of J.P. Morgan Commercial Mortgage Finance Corp.'s mortgage pass-through certificates series 1997-C5.The collateral pool has been paid down to $997.9 million, from $1...

August 25, 1999 DENVER – The Apartment Investment and Management Company (NYSE: AIV), a real estate investment trust, has agreed to acquire eight apartment communities and partnership interests in two others in Virginia and Maryland, for an aggregate...

August 24, 1999EastGroup buys five propertiesTampa Bay Business Journal, August 23TAMPA – EastGroup Properties bought five industrial buildings in the Tampa area, adding 184,000 square feet to its local portfolio. The Jackson, Miss.-based real estate investment trust paid...

August 24, 1999 Real estate shakeup seenMontreal Gazette, August 24MONTREAL – The fall of Eaton's has set off a giant chess game. The board is the country's commercial real estate. The players are retailers and landlords. Spectators should...

August 24, 1999Southie plan could raise Fenway stakesThe Boston Herald, August 24BOSTON – Property owners in the area where a new Fenway Park may be built are are licking their chops over City Hall's $43 million deal for...

August 24, 1999 BETHESDA, Md. – First Washington Realty Trust Inc. paid $11.7 million for the Newark Shopping Center in Newark, Delaware.The 183,000-square-foot property is fully occupied with 45 tenants. First Washington, which bought the property from a...

August 24, 1999 BETHESDA, Md. – Bank United has provided a first mortgage of $16.3 million to refinance Audubon Villas at Feather Sound, a 308-unit apartment complex in Clearwater, Fla.In addition, a client of Prudential Real Estate Investors...

August 24, 1999 NORTHBROOK, Ill. – Grubb & Ellis Co. reported pro forma net income for the fiscal fourth-quarter ended June 30 of $1.5 million or 7 cents/share on a diluted basis, down from a pro forma net...

August 24, 1999 Environmentalists and developers alike despise proposed lawThe Newark Star-Ledger, August 24 The state of New Jersey is forging ahead with its plan to put new controls on development at the Jersey Shore, a complex plan...

August 24, 1999 DALLAS – With average rental rates climbing 4.9 percent in the second quarter and leasing concessions declining, the Washington, D.C., apartment market is considered one of the best in the country by Axiometrics Inc. of...

August 24, 1999 Ameristar signs letter of intent for casino siteSt. Louis Business Journal, August 24ST. LOUIS – Ameristar Casinos Inc. will lease a site along the Mississippi River in Lemay, Mo. for a casino. The company has...

August 24, 1999Office park developer presents new proposalBoulder Daily Camera, August 24BOULDER, Colo. – Developer Jim Beckley wants to add a fifth building to his 23,750-square-foot office complex in Niwot. He offered $50,000 to fund a sports league...

August 24, 1999AUGUSTA, Ga. – Merry Land Properties Inc. (NASDAQ:MRYP) said it paid $54 million to buy interests in six apartment properties that were owned by Equity Residential Properties Trust (NYSE:EQR).The purchase was financed with $50.7 million of...

August 24, 1999DALLAS – A venture between Olympus Real Estate Corp. and Ceebraid-Signal Corp. has acquired Boynton Landings, a 196-unit apartment complex in Boynton Beach, Fla.Terms of the acquisition, the fifth for the venture, were not disclosed. Last...