August 12, 1999 NEW YORK – NEC America Inc. is relocating its corporate headquarters to a 526,244-square-foot building that Archon Group, a unit of Goldman Sachs Group Inc. (NYSE:GS), will develop in the Las Colinas Corporate Center in...

August 12, 1999 CHARLESTON, S.C. – Golf Trust of America Inc. (AMEX:GTA) a self-administered real estate investment trust (REIT), reported funds from operations for the second quarter ended June 30 of $8.4 million or 64 cents/share, compared to...

August 12, 1999 LOS ANGELES – CB Richard Ellis (NYSE:CBG) said it named Craig T. Stevens to the newly created post of senior vice president of e-business.Stevens was formerly head of the company's strategic purchasing program and 1031...

August 12, 1999 HORSHAM, Pa. – GMAC Commercial Mortgage Corp. said it acquired Allan D. Dannatt & Co., a Houston-based commercial mortgage banker.The terms of the transaction were not disclosed.Dannatt represents life insurers, conduit lenders and other lending...

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...

August 12, 1999 PHILADELPHIA – Pennsylvania Real Estate Investment Trust (NYSE:PEI) will broadcast its quarterly earnings conference call through Investor Broadcast Network's Vcall website. The call will take place today at 11 a.m. EDT. To access the site,...

August 11, 1999 NEW YORK – Starwood Financial Trust (AMEX:APT) reported funds from operations for the second-quarter ended June 30 of $25.8 million or 46 cents/share on a diluted basis from $21.1 million or 39 cents/share the same...

August 11, 1999 WILLIAMSVILLE, N.Y. – Sovran Self Storage Inc. (NYSE: SSS), a self-storage real estate investment trust, reported funds from operations for the second quarter ended June 30 of $9 million or 73 cents/share, compared to $8.3...

August 11, 1999 CHICAGO - Manulife, an insurance company headquartered in Toronto acquired a $90-million, 1.6 million-square-foot portfolio including 10 suburban Chicago industrial sites from Prime Group Realty Trust of Chicago, according to The Chicago Tribune today.The inability...

August 11, 1999 Alexandria, Va. (AP) - If you've been to the new Potomac Yard shopping center on a weekend afternoon, you already know how messy the traffic situation can be. Now comes word that it'll only get...

August 11, 1999 HOUSTON – Cigna Investment Management has provided $35 million of fixed-rate financing for One Riverway, a 480,000-square-foot office building in Houston.Cigna provided the financing through ING Investment Management, which was advised by L.J. Melody, the...

August 11, 1999 PORTLAND, Ore. (AP) – In just seven years, the Portland-Vancouver area could run out of enough land to host new industry, a shortfall that could end up costing the region as many as 94,000 jobs...

August 11, 1999By Brad Berton, VertiNews.com CorrespondentREDMOND, Wash. – CarrAmerica Realty (NYSE:CRE), a national real estate investment trust, is reaping the rewards of growth in the high-tech industry. The Puget Sound region's growing tech industry has helped fill...

August 11, 1999CHICAGO –Turner Construction Co. was awarded contract to build a $29.5 million, 37-story, rental apartment building in downtown Chicago, just north of the Loop.The 230-unit building, which will be located on 121 West Chestnut, will total...

August 11, 1999ROSEVILLE, Calif. – Summit Commercial Properties and Mack-Cali Realty Corporation (NYSE:CLI) have leased 70,000 square feet at Lava Ridge Business Center to Prima Publishing, a book publisher and media company.The transaction is Roseville's largest office lease...

August 11, 1999PITTSBURGH – Interstate Hotels Corp. (NASDAQ:IHCO) reported a pro-forma net loss for the second quarter ended June 30 of $782,000 or 12 cents/share on a diluted basis. That compares with pro-forma net income of $1.3 million...

August 11, 1999DALLAS – Wyndham International Inc. (NYSE:WYN) reported a net loss for the second quarter ended June 30 of $877.2 million or $5.76 per diluted share, compared to a loss of $26.3 million or 21 cents/share for...