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...

August 24, 1999 Big warehouse project eyed hereSan Antonio Business Journal, 8/24/99,SAN ANTONIO, Texas – Discount-merchandise retailer Dollar General Corp. is examining potential sites around San Antonio to build a 1.2 million-square-foot distribution center, according to local real...

August 23, 1999Fast-growing Siebel blasts aheadSan Francisco Business Times, Aug. 23Siebel Systems Inc. has signed a lease to occupy 210,000 square feet at the Watergate Office Towers complex in Emeryville, Calif. The complex is owned by Spieker Properties...

August 23, 1999 Grand Avenue development success uniqueSt. Paul Pioneer-Press, Aug.22ST. PAUL, Minn. – The elements that have made the Grand Avenue development a success are probably not transferable to downtown St. Paul, according to developer Jim Stolpestad....

August 23, 1999 SAN FRANCISCO – BRE Properties Inc. (NYSE: BRE) set a 39 cents/share common stock dividend payable Sept. 30 to shareholders of record Sept. 10.In addition, the REIT sets a 53.125 cents/share dividend on its 8.5%...

August 23, 1999 NEW YORK – Lehman Brothers has provided $19.3 million of fixed-rate financing to Forest Plaza Associates for its purchase of Forest Plaza shopping center in Staten Island, N.Y.The shopping center, at 2040 Forest Avenue, contains...

August 23, 1999 IRVINE, Calif. – Financial Institutional Partners Mortgage Co. has hired Ian Stuart, a former regional director of Wells Fargo Co., as director of loan production overseeing San Diego and the Southwest.FIP, a mortgage bank, was...

August 23, 1999 WASHINGTON – REITS continued showing strong financial growth in the second quarter. The National Association of Real Estate Investment Trusts said funds from operations for REITs rose an average of 12 percent in the second...

August 23, 1999 Data firms fight for real estate turfHouston Business Journal, Aug. 23HOUSTON – Houston is bracing for a statistical battle as two public real estate data firms set up shop and make moves to control the...

August 23, 1999 CONSHOHOCKEN, Pa. – Kranzco Realty Trust (NYSE:KRT) said Stein Mart Inc. signed a 10-year lease to occupy a 36,000-square-foot store at Park Centre in Columbia, S.C.The lease is valued at $2.2 million. Stein Mart is...

August 23, 1999 HARRISBURG, Pa. – Hersha Hospitality Trust (Amex: HT) has agreed to buy three hotels, totaling 209 rooms, for $12 million.The REIT is buying the Hampton Inn in Danville, Pa., which has 72 rooms, the 77-room...

August 23, 1999COPT is `little jewel' of the REIT industryThe Baltimore Sun, Aug. 22BALTIMORE – When Manekin Corp. began scouting out buyers for its eight-building Commons Corporate Center in Hanover earlier this year, it shouldn't have been surprised...

August 23, 1999Cherokee investment fund totals $260 MlnTriangle Business Journal, Aug. 23RALEIGH – Part capitalist, part environmentalist, Tom Darden has combined the two sides of his persona in a huge fund that will buy and clean up contaminated...

August 23, 1999Hotel conversion near La GuardiaNew York Times, Aug. 22QUEENS, N.Y – An eight-story building at 37th Avenue and 114th Street in Corona, Queens, close to La Guardia Airport, is to be restored to its original hotel...

August 23, 1999 Bentall buys L.A. officesNational Post, Aug. 21VANCOUVER – Bentall Corp. has paid $111-million (US) for a 487,000-square foot office tower in the Los Angeles suburb of Century City. The money for the transaction came in...