RECENT NEWS
Hike in Construction Costs Forecast for Third Quarter
August 30, 1999 NEW YORK – Construction costs are projected to rise 1.06 percent in the third quarter, according to The Turner Corp. (NYSE:TUR). "The high volume of work continues to drive the market. Material escalation is having...
First Boston, Koll Might Pull Out of Dallas Development
August 30, 1999 DALLAS - Credit Suisse First Boston and Koll Bren Realty Advisors are re-evaluating their plans for Dallas' Republic Towers complex, a three-building office complex that the investment team has already spent $50 million on.The team...
Southcentral Regional Digest
August 30, 1999 Builder plans condos of ChampionsHouston Business Journal, August 30HOUSTON -- Greenwood Properties is preparing to extend its residential reach with construction of a 12-story luxury condominium project in northwest Houston. The development, dubbed Chateau Raveneaux,...
Price Tag on Park Land Causes Sticker Shock
August 27, 1999 By Associated PressMONTROSE, Colo. (AP) - Members of Colorado's congressional delegation blasted a developer Wednesday for offering land in the Gunnison National Monument for nearly four times the appraised value. Two of three 40-acre parcels...
Cornerstone Properties Sells Carolina Building for $89 Mln
August 27, 1999 NEW YORK – Cornerstone Properties Inc. (NYSE:CPP) said it sold Charlotte Plaza to a public pension fund for $89 million, or $145/sf.The 17-year-old office building sits in the central business district of Charlotte. It contains...
Developer To Pay $2 Mln Settlement Charge
August 27, 1999 By Associated PressST. CHARLES, Md. (AP) - A real estate development company accused of illegally filling wetlands while building a Charles County road will pay nearly $2 million to settle the criminal and civil cases...
European-Backed Investment Firm Seeks U.S. Real Estate
August 27, 1999 DALLAS – A recently formed investment firm that is backed by European investors is planning to buy $75 million of properties in the Dallas, Atlanta, Washington, Houston and Tampa markets over the next two years.The...
Norway Says “Whites Only” Is OK in Real Estate Ads
August 27, 1999 By Associated PressOSLO, Norway (AP) - Norway's Supreme Court declared Friday it was legal to use such discriminatory statements as "foreigners unwanted" and "whites only" in real estate listings - a precedent that worries human...
Immunicon Signs Seven-year Lease at Masons Mill.
August 27, 1999 HUNTINGDON VALLEY, Pa. – Immunicon Corp. has signed a seven-year lease with Woodmount Properties for a 17,000 square-foot facility in Phase 1 of Masons Mill Business Park.Immunicon currently occupies a smaller space in the contiguous...
Amresco Taps Trammell Crow to Manage 2.9 Mln sf Portfolio
August 27, 1999 DALLAS – Amresco Inc. (NASDAQ:AMMB) has hired Trammell Crow Co. (NYSE: TCC) to manage and lease a portfolio containing 2.9 million square feet of office space. The portfolio was recently acquired by one of Amresco's...
Southcentral Regional Digest
August 27, 1999 Halliburton sells leafy parcelHouston Chronicle, August 27HOUSTON – A real estate group has purchased a prime parcel of West Belt land that will be the cornerstone of a new major corporate office park called Oak...
AMLI Residential Joint Venture Acquires Atlanta Apartments
August 27, 1999 CHICAGO – AMLI Residential Properties Trust (NYSE: AML) has purchased AMLI at Windward Park, a new 328-unit luxury apartment community in Alpharetta, Georgia.It is the second property purchased under a joint venture previously announced with...
Southeast Regional Digest
August 27, 1999Industrial park gets OK from city councilDaytona Beach News-Journal, August 27DELAND, Fla.– Nuisance businesses will have a welcome place in Volusia County after an envisioned industrial park at the 255-acre Tomoka Landfill was approved, 4-3, by...
Midatlantic Regional Digest
August 27, 1999 Brothers stake their claim to Gold's Gym The Washington Post, August 27WASHINGTON, D.C. – Just nine years ago, the young Galiani brothers brought a piece of California's Muscle Beach to the Washington area, opening a...
Northeast Regional Digest
August 27, 1999 Conn. firm buys Shop City Syracuse Online, August 27SYRACUSE, N.Y. – Shop City, the 1950s-era shopping center straddling Syracuse and Salina, is now in new hands. Shop City Real Estate, a limited liability Connecticut partnership,...
Canadian Regional Digest
August 27, 1999 Eaton's turning malls into 'giant liquidation outlet'The National Post, August 27TORONTO – Landlords of insolvent T. Eaton Co. Ltd. want an Ontario judge to stop a nation-wide fire sale of Eaton's merchandise because it is...
Comps.com Hires Manager for Realty Lending Program
August 27, 1999 SAN DIEGO – Comps.com (NASDAQ:CDOT), an online commercial real estate information service, said it has hired Gary Goss as western regional sales manager for its commercial real estate financing program.Goss was formerly executive director of...
Newhall Land Forms Venture to Develop Calif. Land With Kaufman and Broad
August 27, 1999 VALENCIA, Calif.– Newhall Land and Farming Co. (NYSE:NHL) said it formed a joint venture with a unit of Kaufman and Broad Home Corp. (NYSE:KBH) that will develop City Ranch, a master-planned community in North Los...
Equity One Acquires Florida Shopping Centers
August 27, 1999 N. MIAMI BEACH, Fla. – Equity One, Inc. (NYSE: EQY) has completed its $32.5 million acquisition of Pine Island Plaza and Ridge Plaza Shopping Centers, in Davie, Florida.The two shopping centers, which are adjacent to...
Western Regional Digest
August 27, 1999 Superior Marketplace adding storesBoulder Daily Camera, August 27BOULDER, Colo. – The Superior Marketplace, which at present consists primarily of a Costco store, will add a Super Target, PetsMart and Office Max to its roster. The...
Equity One Completes $32.5 Mln Buy of Fla. Shopping Centers
August 27, 1999 NORTH MIAMI BEACH, Fla. – Equity One Inc. (NYSE: EQY) completed its $32.5 million purchase of Pine Island Plaza and Ridge Plaza Shopping Centers, in Davie, Fla.The two shopping centers total 410,000 square feet, are...
Forest City Enterprises 2nd-Qtr Net $0.21/shr vs $0.54/shr
August 26, 1999CLEVELAND – Forest City Enterprises Inc. (NYSE:FCEA) (NYSE:FCEB) reported earnings before depreciation, amortization and deferred taxes (EBDT) of $30.5 million, or $1.01 per share, compared with last year's second quarter EBDT of $27.2 million or 90...
Northeast Regional Digest
August 26, 1999Filling long-empty addresses in a rich ZIP code New York Times, August 25NEW YORK – Storefronts on the east side of Madison Avenue, between 74th and 75th Streets owned by the Whitney Museum of Art, have...
Burnham Pacific/CalPERS Venture Pays $17.6 Mln for Calif. Center
August 26, 1999 SAN DIEGO – Burnham Pacific Properties Inc. (NYSE: BPP) said a venture it operates with the California Public Employees' Retirement System, BPP Retail LLC, paid $17.6 million for Lake Forest Village, a shopping center in...
Southeast Regional Digest
August 26, 1999Tropicana picks new site for headquartersBradenton Herald, August 26EAST MANATEE, Fla.–Tropicana Products has selected a 21-acre site at Lakewood Ranch for its new headquarters. Three developers are currently vying to build the 125,000-square foot structure, expected...
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