August 19, 1999 NORTHBROOK, Ill. – USI Insurance Services Corp., a San Francisco property and casualty insurance broker, has retained Grubb & Ellis Co. (NYSE:GBE) as its exclusive commercial real estate services provider.In a quid pro quo, Grubb...

August 19, 1999Builders get financed for port hotel, condoTampa Tribune August 19TAMPA – Royal Crest Corp. has commitments for construction loans of up to $138.9 million for the proposed Charlton Seaport Center Suite Hotel. The hotel will have...

August 19, 1999 'Chip in for chip plant'National Post, August 19TORONTO – Several Canadian cities vying to become home to Canada's first major silicon chip plant have been told they're out of luck unless their provincial governments relax...

August 19, 1999 COLUMBUS, Ohio – AMI Capital Inc., a commercial mortgage lender, has hired former KeyBank executive Thomas Lusk to head its newly opened Columbus office.In his new post as managing director, Lusk will oversee the office's...

August 19, 1999 CHICAGO – First Industrial Realty Trust Inc. (NYSE: FR) has promoted Robert H. Muir to executive vice president of the REIT's development group, from senior vice president.In his new post, Muir will oversee all aspects...

August 19, 1999 JACKSON, Miss., Aug. 19 /PRNewswire/ -- Parkway Properties Inc. (NYSE: PKY) said it will take a one-time charge of $450,000, or 4.5 cents/share, against third-quarter earnings for expenses associated with an unsuccesful merger.Parkway had been...

August 19, 1999 Regional leaders give go-ahead to $7 billion in transportation workThe Virginian-Pilot, August 19HAMPTON ROADS, Va. – Regional leaders on Wednesday endorsed a $7.4 billion package of road and transit improvements that could shape travel around...

August 19, 1999Safeway anchors $12 Mln center in Arizona DevelopmentArizona Republic, Aug. 19ANTHEM, Ariz. – The Pederson Group of Phoenix unveiled plans this week for a $12 million shopping center called Anthem Marketplace anchored by a Safeway store....

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 18, 1999 21 acres is battlefield for ownershipChicago Tribune, August 18, 1999CHICAGO – The several-year fight over the Old Moose Lodge property, 21 wooded acres in Addison, which has been between developers, residents and politicians became more...

August 18, 1999 VAIL, Colo. (AP) - Vail Resorts Development Co. wants Eagle County to extend its special-use permit to allow the construction of two golf courses, not one, in Wolcott. The company received a permit in October...

August 18, 1999 CHICAGO – Duff & Phelps Credit Rating Co. has upgraded the ratings on two classes of bonds in 1211 Finance Corp. The issue's Class-A certificates, which have a blaance of $130.2 million, which were rated...

August 18, 1999 CHICAGO – A joint venture between Strategic Hotel Capital Inc. and an affiliate of the Government of Singapore has made its first purchase: The Hotel Inter-Continental Praha in the Czech Republic.Strategic did not disclose a...

August 18, 1999 NEW YORK – Time Warner Entertainment's Home Box Office division has signed a 20-year lease extension for all the office space at 1100 Avenue of the Americas in a deal valued at $250 million.HBO, which...

August 18, 1999Stadium funding issue for Phillies misses another deadlineThe Philadelphia Daily News, August 18 PHILADELPHIA - Delay after delay has plagued the Philadelphia Phillies and their quest for a new stadium. City officials are now expressing doubt...

August 18, 1999Incentive proposals to Tropicana echo one anotherSarasota Herald Tribune August 18BRADENTON, Fla.– The city of Bradenton and Manatee County are scrambling to entice Tropicana Products to open its new headquarters in their respective sites. Tropicana will...

August 18, 1999 Eaton's demise could revitalize Canadian retailThe Ottawa Citizen, August 18TORONTO – Analysts say the likely demise of T. Eaton Co. Ltd. and its 55 stores may spell good news for the country's retail sector. Among...

August 18, 1999REIT hires search firm to stem share declineCrain's New York Business, August 18 NEW YORK – New Plan Excel Realty Trust Inc. hired an executive search firm to find a successor for its 69-year-old CEO, Arnold...

August 18, 1999ATLANTA – Chastain Capital Corp. (NASDAQ:CHAS) is selling a $21 million mezzanine loan to BankBoston that it had sold last April to GMAC Commercial Mortgage as part of a repurchase agreement in April.The mortgage REIT will...

August 18, 1999CHICAGO – Prime Group Realty Trust (NYSE: PGE) said it paid $29.9 million for the Jorie Plaza office park in Oak Brook, Ill.The property contains two buildings, 800 Jorie Boulevard, with 126,500 square feet, and 810...

August 18, 1999 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) paid $19 million for 14040 Park Center Road, a 108,000-square-foot office building in Herndon, Va., that is leased to NEC America for 10 years.The REIT financed the...

August 18, 1999Dallas Chamber drops plans for office towerDallas Morning News, Aug. 18DALLAS – The Greater Dallas Chamber of Commerce has canceled plans to renovate an aging downtown office tower into a new business center. Construction crews have...