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...

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 20, 1999Macerich Seeks Partner for up to $500 Mln of PropertiesLos Angeles Times, Aug. 20SANTA MONICA, Calif. – Macerich Co. (NYSE:MAC), the shopping-center REIT, is looking to sell half its stake in as much as $500 million...

August 20, 1999 From The Associated PressOCEAN CITY, Md. (AP) – Condos are looking like pure gold these days in Maryland's most popular resort town. Ocean City real estate has pulled out of a 12-year slump with a...

August 20, 1999 From The Associated Press and Asia World SourcesBANGKOK - The Asset Management Corporation (AMC) has re-affirmed its intention to manage the Bt185 billion worth of assets it purchased from the Financial Sector Restructuring Authority (FRA)...

August 20, 1999I-294, I-57 link plannedChicago Sun Times, August 20CHICAGO – Illinois tollway officials hursday cleared the way for the first phase of the project to build an interchange between the Tri-State Tollway and Interstate 57 in the...

August 20, 1999 WASHINGTON – Bresler & Reiner Inc. (OTC:BRER), a Washington developer, sold two apartment properties for a total of $23 million.The company sold the Sea Harbor Apartments, a 312-unit complex in Orlando, Fla., for $14.8 million....

August 20, 1999 ATLANTA – Post Properties Inc. (NYSE: PPS) set a 70 cents/share dividend payable Oct. 15 to shareholders of record Sept. 30.On its 8-1/2 percent Series A Cumulative Redeemable Preferred stock, Post Properties declared a dividend...

August 20, 1999 CLEVELAND – Developers Diversified Realty Corp. (NYSE: DDR)set a 35 cents/share common stock dividend payable Oct. 4 to holders of record Sept. 15.The REIT set the following preferred share dividends:Preferred Class A: 59.375 cents/sharePreferred Class...

August 20, 1999 ATLANTA -- Cigna Investment Management has provided $20.5 million of fixed-rate financing for the Park Central office building in Atlanta.The office building, owned by Park Central Associates LLC, contains 212,000 square feet and is 97.5...

August 20, 1999Warren Buffett stakes claim to Florida land companyOrlando Sentinel, August 20CHICAGO – Shareholders of Baker, Fentress & Co. on Thursday approved a plan to spin off its stock to shareholders of Consolidated-Tomaka Land Co. of Daytona...

August 20, 1999 Suit filed to block $10 Bln BAT, Imasco dealThe National Post, August 20 TORONTO – An international class action lawsuit has been filed to block the British American Tobacco PLC offer for Imasco Ltd. on...

August 20, 1999Boston Properties to build $500 Mln office towerNew York Daily News, August 20NEW YORK  Boston Properties has sealed a deal to build Times Square's latest new office building, a 37-story tower that will be the...

August 20, 1999 Phils, residents to discuss stadium Philadelphia Inquirer, August 20PHILADELPHIA – The Phillies will present their case for a baseball stadium at Broad and Spring Garden streets to the neighboring communities next week, Larry Shenk, the...

August 20, 1999 Chase relocates equity businessHouston Chronicle, August 20HOUSTON – Chase moves equity business to Houston Chase Manhattan Bank closed its stock mutual fund department in New York on Thursday and transferred all its assets to Houston,...

August 19, 1999ESCONDIDO, Calif. – Realty Income Corp. (NYSE:O) said Tom A. Lewis, its chief executive, would assume the additional title of president following the retirement of its current president and chief operating officer, Richard J. VanDerhoff. VanDerhoff...

August 19, 1999 MEMPHIS – Mid-America Apartment Communities (NYSE:MAA) is in talks to refinance $120 million of its outstanding debt through Fannie Mae.The REIT said it expects the financing will allow it to reduce the rate of $120...

August 19, 1999 Supervalu expands distribution facilitiesMinneapolis Star-Tribune, August 19MINNEAPOLIS – Supervalu Inc., is building a new a 500,000 square foot distribution center near Hopkins for $45 million. The building increases the company?s distribution space by one-third. Supervalu...

August 19, 1999 Arena negotiations close to endSan Antonio Express News, August 19SAN ANTONIO, Texas – County officials and the San Antonio Spurs said Wednesday they were close to nailing a final agreement to build a tax-financed $175...

August 19, 1999 Pan Pacific Retail Properties (NYSE:PNP) has raised $56.3 million of fixed-rate financing that it used to pay down its line of credit.The San Diego REIT raised the financing through L.J. Melody & Co., a unit...