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...

August 19, 1999SAN FRANCISCO – Finova Realty Capital arranged more than $36 million of financing for two Northern California developments.The firm arranged a $12.3 million bridge loan for the acquisition of 74 New Montgomery, a 109,000-square-foot office building...

August 19, 1999Is Amresco in talks to be acquired by Lend Lease Corp. of Australia? It's no secret that Amresco (NASDAQ:AMMB) , a Dallas real estate company, has been in talks with a prospective buyer. Indeed, last month,...

August 19, 1999 SAN FRANCISCO – A venture between CB Richard Ellis (NYSE:CBG) and Apollo Real Estate Advisors that specializes in buying and cleaning up environmenally contaminated real estate bought a 925,000-square-foot industrial facility in the Philadelphia suburbs.The...

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, 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...