RECENT NEWS
Western Regional Digest
August 26, 1999 Estes Park to vote on visitor centerBoulder Daily Camera, August 26ESTES PARK, Colo. – Estes Park, the gateway community for Rocky Mountain National Park, will vote this November on approving an $11 million multi-use visitor...
Colorado Springs Raises Money for Major Downtown Redevelopment
August 26, 1999By Dan Whipple, VertiNews.com CorrespondentCOLORADO SPRINGS – Recent voter approval of an $88 million bond issue will lead to a downtown redevelopment project near the confluence of Monument and Fountain creeks -- but the exact shape...
Fitch IBCA Affirms Ratings of Asset Securitization, 1995-D1
August 26, 1999 NEW YORK – Fitch IBCA said it affirmed the ratings on certain classes of Asset Securitization Corp., 1995-D1.The rating agency affirmed the triple-A ratings on class A-1 and A-1CS, as well as the double-A rating...
Forest City Enterprises 2nd-Qtr Net $0.21/shr vs $0.54/shr
August 26, 1999CLEVELAND – Forest City Enterprises Inc. (NYSE:FCEA) (NYSE:FCEB) reported earnings before depreciation, amortization and deferred taxes (EBDT) of $30.5 million, or $1.01 per share, compared with last year's second quarter EBDT of $27.2 million or 90...
Northeast Regional Digest
August 26, 1999Filling long-empty addresses in a rich ZIP code New York Times, August 25NEW YORK – Storefronts on the east side of Madison Avenue, between 74th and 75th Streets owned by the Whitney Museum of Art, have...
Burnham Pacific/CalPERS Venture Pays $17.6 Mln for Calif. Center
August 26, 1999 SAN DIEGO – Burnham Pacific Properties Inc. (NYSE: BPP) said a venture it operates with the California Public Employees' Retirement System, BPP Retail LLC, paid $17.6 million for Lake Forest Village, a shopping center in...
Southeast Regional Digest
August 26, 1999Tropicana picks new site for headquartersBradenton Herald, August 26EAST MANATEE, Fla.–Tropicana Products has selected a 21-acre site at Lakewood Ranch for its new headquarters. Three developers are currently vying to build the 125,000-square foot structure, expected...
Southcentral Regional Digest
August 26, 1999 Lewisville expected to approve measure for its first major Class A officeDallas Business Journal, August 26LEWISVILLE, Texas – The city of Lewisville is expected to give final approval Aug. 30 for a four-year, 50% property-tax...
Canadian Regional Digest
August 26, 1999 Canadian Tire aims to open up to 200 parts storesThe National Post, August 26TORONTO – Canadian Tire Corp. plans to open as many as 200 locations of a stand-alone auto-parts chain over the next five...
Correction: Merrill Says It Is Not Financing MobileVest
August 26, 1999 Merrill Lynch said that it has not committed to provide acquisition financing to MobileVest Inc., a New Port Richey, Fla., firm that plans to buy up to $100 million of mobile-home parks within the next...
Mid-Atlantic Regional Summary
August 26, 1999 Phillies get an earful at neighborhood stadium hearingThe Philadelphia Inquirer, August 26 PHILADELPHIA-Residents of the Fairmount section of the city came out in force last night to hear the Phillies' pitch for a new stadium...
Werner Group to Buy Newsweek Building
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...
Granite Golf Gives Up Ownership of Courses, to Focus on Management
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...
Northeast Regional Digest
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...
Canadian Regional Digest
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...
Southeast Regional Digest
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...
Mid-Atlantic Regional Digest
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...
CarrAmerica Leases 150,000 sf at San Jose Office Park
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...
Western Regional Digest
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...
Southcentral Regional Digest
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...
American Industrial Pays. $15.8 Mln for Silicon Valley Buildings
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...
JDN Realty Sets Common, Preferred Divs
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...
S&P Affirms Ratings of JP Morgan Comm Mtg Finance, 1997-C5
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...
Aimco to Pay $131 Mln for Apartment Portfolio
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...
Southeast Regional Digest
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...
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