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 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 20, 1999 Chase relocates equity businessHouston Chronicle, August 20HOUSTON – Chase moves equity business to Houston Chase Manhattan Bank closed its stock mutual fund department in New York on Thursday and transferred all its assets to Houston,...

August 20, 1999Macerich Seeks Partner for up to $500 Mln of PropertiesLos Angeles Times, Aug. 20SANTA MONICA, Calif. – Macerich Co. (NYSE:MAC), the shopping-center REIT, is looking to sell half its stake in as much as $500 million...

August 20, 1999 From The Associated PressOCEAN CITY, Md. (AP) – Condos are looking like pure gold these days in Maryland's most popular resort town. Ocean City real estate has pulled out of a 12-year slump with a...

August 20, 1999 From The Associated Press and Asia World SourcesBANGKOK - The Asset Management Corporation (AMC) has re-affirmed its intention to manage the Bt185 billion worth of assets it purchased from the Financial Sector Restructuring Authority (FRA)...

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...

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...