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, 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, 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...

August 18, 1999 SAN DIEGO – Tri-National Development Corp. (OTC:TNAV) said its Alpine Gardens East Inc. subsidiary bought an option to acquire a 22-acre parcel of land in Temecula, Calif., on which it plans to develop a senior...

August 18, 1999 LOS ANGELES – Ralphs Grocery Co. has signed a 15-year lease to occupy a 622,000-square-foot distribution center in Stockton, Calif., that is owned by Catellus Development Corp. (NYSE:CDX). The lease is valued at more than...

August 18, 1999 By Morris Newman, VertiNews.com CorrespondentFONTANA, Calif. – Adaya Asset Corp. has started construction on the Jasmine Distribution Center, a $21.5 million, 650,790-square-foot business park in this former steel town east of Los Angeles.The 32-acre site...

August 18, 1999 Scrutiny of developer grows as vote nears on Scottsdale projectsThe Arizona Republic, Aug. 18SCOTTSDALE, Ariz. – Attention has focused on Excel Legacy Corp. of San Diego, Calif. in anticipation of a September 7 election that...

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 17, 1999 Treasury bond prices soared Tuesday morning after the week's most closely watched economic indicator showed inflation remains in check.Just before 9:15 a.m. ET, the price of the benchmark 30-year bond rose 26/32 to 101-9/32. Its...

August 17, 1999Crescent to take over Charter hospital system Houston Chronicle, August 17HOUSTON – Crescent Real Estate Equities Co., headed by billionaire Richard Rainwater, said Monday that it has reached anagreement whereby an affiliate will take control of...

August 17, 1999 DALLAS – Accor SA of Paris said it has consolidated its three economy brands into a new division, Accor Economy Lodging. The unit is comprised of Motel 6, Studio 6 and Red Roof Inns, which...

August 17, 1999 BEVERLY HILLS – Meadowbrook Golf Group Inc. (OTC: MGGI) and the Apollo Real Estate Investment Fund IV have agreed to form a joint venture to acquire KSL Fairways Golf Corp. Bank Boston N.A. is providing...

By Karen Chan, ASIA WorldSources HONG KONG (AP) - Time Warner has agreed to lease up to 12 floors or 133,000 square feet of office space at Swire Properties' Oxford House in Quarry Bay to become the first...

August 17, 1999New tax credit kicks off plan to promote growthChicago Sun Times, August 17CHICAGO – Gov. Ryan signed legislation last week to create a new tax-incentive program to attract a larger number of businesses looking to expand...

August 17, 1999Celebrity cachet turns homegrown clothing outfit into empireCrain's New York Business, August 16NEW YORK – Daymond John is scouting for just the right New York City spot to sell his wares. But this time, the founder...

August 17, 1999Zoning change sought from industrial to office The Winston-Salem Journal, August 17WINSTON-SALEM – A local businessman wants to replace the buildings that house Taylor Oil Co. and Twin Oaks Shopping Center on Oakwood Drive with a...

August 17, 1999 YM adds weekend edition to national retail chainsThe National Post, August 17TORONTO – YM Inc., owner of the Stitches, Sirens and Urban Planet retail outlets, said yesterday it will buy 51 of 87 Weekend Edition...

August 17, 1999Report says downtown DisneyQuest coming into questionThe Philadelphia Daily News, August 17 PHILADELPHIA – The long-awaited DisneyQuest indoor amusement park slated for 8th & Market streets has hit another snag, reports say. Disney's CFO said that...

August 17, 1999 HORSHAM, Pa. – GMAC Commercial Mortgage has provided $25 million of mortgage financing for what will become America West Airline's headquarters in Tempe, Ariz.The nine-story building will have 218,000 square feet and will sit on...

August 17, 1999 Developers are constructing multi-family units in Orlando and Tampa, Fla., at a far greater pace than they can be absorbed, threatening the two cities' apartment markets with further softening. In Orlando, permits for nearly 12,000...