August 16, 1999 NEW YORK – Aegis Realty Inc.(Amex: AER), reported funds from operations for the second quarter ended June 30 of $2.7 million or 33 cents/share, compared to $2.5 million or 31 cents/share for the same period...

August 16, 1999WEST PALM BEACH, Fla. – CV Reit Inc. (NYSE:CVI)reported funds from operations for the second quarter ended June 30 of $2.7 million compared to $2.3 million for the same period last year.The second-quarter FFO reflects a...

August 16, 1999 CHICAGO – Banyan Strategic Realty Trust (Nasdaq: BSRTS) reported funds from operations for the second quarter ended June 30 of $2.8 million or 20.5 cents/share, compared to $2.6 million or 18 cents/share for the same...

August 16, 1999 DENVER – A First Union unit has started taking applications for commercial mortgages through the CyberLoan System, which was developed by FinancingSources.Com.The unit, First Union Small Business Capital, was formerly the commercial lending unit of...

August 14, 1999 By Lisa Singhania, Associated Press Writer BATTLE CREEK, Mich. (AP) - Kellogg Co. announced Saturday it is closing most of its historic hometown plant and cutting about 550 jobs in its latest effort to revive...

August 14, 1999 RENO, Nev. (AP) - New proposals to save the Mapes Hotel would convert the historic building into apartments, a new hotel and restaurant, county office space or an assisted-living center. Three new proposals with the...

August 13, 1999COLUMBUS, Ohio – The trustees of Lexford Residential Trust (NYSE: LFT) declared a 35.2 cents/share common stock dividend payable Oct. 8 to holders of record Sept. 20.In addition, Lexford's shareholders will vote Sept 30 on the...

August 13, 1999 CHICAGO – Strategic Hotel Capital Inc. has formed a venture with the real estate investment arm of the Government of Singapore Investment Corp. to buy upscale hotels throughout Europe.GIC Real Estate is already an investor...

August 13, 1999Market for bonds nearly saturatedThe Charlotte Observer, Aug. 13CHARLOTTE – Corporate worries about having enough cash on hand for Y2K mean investment banks are sending a glut of corporate bonds to the market -- at a...

August 13, 1999 Publisher inks lease deal at 10 St. JamesThe Boston Herald, Aug. 13BOSTON – A subsidiary of London-based Pearson Plc, publishers of The Economist and Financial Times, will put 600 employees into a new office tower...

August 13, 1999Public opinion kills plans to build Richmond Road shopping center The Daily Press, August 13WILLIAMSBURG, Va. – A proposal to build a retail and entertainment center off Richmond Road was withdrawn minutes before the City Council...

August 13, 1999 Cambridge scoops up Laing's mall propertiesThe Globe and Mail, Aug. 13TORONTO – Cambridge Shopping Centres Ltd. is buying Laing Property Corp., extending the Toronto-based firm's holdings further west. But Cambridge says it will keep only...

August 13, 1999TORONTO – Canadian Imperial Bank of Commerce is putting its $2 billion real estate portfolio on the block, including its landmark head office building in Toronto, The National Post reported.CIBC Development Corp. owns 45 office, retail,...

August 13, 1999 SEATTLE – The investor group that owns the Seattle Sheraton Hotel has filed a motion in U.S. District Court seeking a permanent injunction that would prevent the opening and operation of Starwood Hotels & Resorts'...

August 13, 1999 ATLANTA – ING Realty Fund has provided close to $7 million of equity to Crest Asset Management to recapitalize the ownership structure of a 476-unit apartment complex it owns in Dallas.Crest used the equity, as...

August 13, 1999Campbell Centre gets boost from renovation projectsDallas Morning News, Aug. 13DALLAS – When Campbell Centre was built on North Central Expressway in the 1970s. Now a $17 million renovation and the widening of North Central promise...

August 12, 1999 Senior community started in FairviewDallas Morning News, Aug. 12DALLAS – U.S. Home Corp. has begun building a $250 million senior housing community just north of Dallas. The 1,144-home Heritage Ranch community in the Collin County...

August 12, 1999 Giant bookstore chain touted to be major retailer at Daly-site projectThe Ottawa Citizen, Aug. 12OTTAWA — The city's prime business corner—the intersection of Rideau Street and Sussex Drive—will be the battleground for a book retailing...

August 12, 1999WASHINGTON (AP) – Yields on 30-year Treasury bonds rose in today's auction to the highest level in nearly two years. The yield was 6.144 percent, up from 5.298 percent at the last auction on Feb. 11....

August 12, 1999UrbanAmerica targets inner citiesThe Baltimore Sun, August 12BALTIMORE – Seeking to capitalize on a lack of competition in urban areas, a newly-formed New York company is looking to acquire retail and office projects in low- to...

August 12, 1999 LAKEWOOD, Colo. – AmeriVest Properties Inc. (NASDAQ:AMVP) said it paid $7.9 million for three adjacent office buildings in Indianapolis with 95,800 square feet.The buildings are 95 percent leased and were purchased from Sheridan Realty Partners...

August 12, 1999 Pappas deal clears way for hotel The Boston Herald, Aug. 12BOSTON—City officials have struck a deal with developer James A. Pappas that opens up a parcel of land that will house a $250 million convention...

August 12, 1999CHICAGO – Security Capital Group (NYSE:SCZ) has agreed to sell the 23.6 percent interest it owns in Strategic Hotel Capital Inc. to the hotel investment firm for $328 million.In May, Security Capital, which is led by...

August 12, 1999 By Keith Regan, VertiNews.com CorrespondentBOSTON – Meredith & Grew Inc. has been selected to manage the marketing and development of Worcester's Union Station, which is nearing the end of a $25 million renovation. The Worcester...

August 12, 1999Hot piece of downtown property up for grabsOrlando Sentinel, Aug. 12ORLANDO – A prime block of downtown Orlando real estate has been put up for sale by its Saudi Arabian owners. The 2.29-acre property, bounded by...