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 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...

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 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...