August 11, 1999CONSHOHOCKEN, Pa. – Kranzco Realty Trust (NYSE:KRT) reported funds from operations for the second quarter ended June 30 of $5.14 million or 49 cents/share on a diluted basis, unchanged from the same period last year.Net income...

August 11, 1999 COLUMBIA, Md. – The Rouse CO. (NYSE:RSE)reported funds from operations for the second quarter ended June 30 of $55.6 million or 70 cents/share, compared to $46.4 million or 62 cents/share for the same period last...

August 11, 1999Textile company to build new plant in Mocksville The Winston-Salem Journal, August 11MOCKSVILLE, N.C. – Unifi Inc. of Greensboro, the largest producer and processor of textile yarns in the United States, announced yesterday that it will...

August 11, 1999 NEWPORT BEACH, Calif. – The Olen Group, a Newport Beach, Calif., developer, raised a total of $319 million of mortgage debt, which it used to refinance a portfolio of office, industrial and multi-family properties in...

August 11, 1999Plan to build library branch at Balch Institute popularThe Philadelphia Inquirer, August 11 PHILADELPHIA – An historical neighborhood located between Old City and Society Hill is getting a new resident, much to the delight of the...

August 11, 1999NORTH MIAMI BEACH, Fla. – Equity One Inc. (NYSE: EQY) said it agreed to buy Pine Island Ridge and Ridge Plaza in Davie, Fla., for $35.5 million.The two adjacent properties total 410,000 square feet on 41...

August 11, 1999 Minority business leaders launch $160-Mln real estate fundCrain's New York Business, August 11NEW YORK – American Express Co. President Kenneth Chenault, Time Warner Inc. President Richard Parsons and other prominent minority businessmen launched a real...

August 11, 1999Mortgage plan targets inner cityHouston Chronicle, August 11BOSTON – Bank of America announced Tuesday it will fund an unprecedented $3-billion mortgage program for low- to moderate-income borrowers that promises no down payment, no application fee and...

August 11, 1999 Oxford properties puts four malls up for saleGlobe and Mail, August 11TORONTO – Oxford Properties Group Inc. has put four shopping malls worth more than $100-million up for sale as it focuses on more lucrative...

August 11, 1999DVD company rents West LA warehouse for entertainment businesses VertiNews.com, August 11LOS ANGELES – DVD Express, an Internet-based seller of DVD discs, has leased a 66,000/SF warehouse in West Los Angeles. Formerly occupied by MGM/Turner Films,...

August 11, 1999 Waterfront rules easedChicago Sun Times, August 11CHICAGO – A major shift in the Metropolitan Water Reclamation District policy means shopping centers, hotels, light industry and offices could soon be developed on thousands of prime acres...

August 11, 1999 SAN DIEGO – Principal Commercial Acceptance LLC has provided $27.8 million of land financing backed by the 20-acre site of a proposed 1,200-unit apartment complex near San Diego.The fixed-rate financing was provided to Rio Vista...

August 10, 1999 NEW YORK – Trinity Investment Trust LLC, Apollo Real Estate Advisors and Whitehall Street Real Estate LP IX have received $90 million of financing for the Kea Lani Hotel Suites and Villas in Wailea, Maui,...

August 10, 1999 $8.3M plan for studio sound New York Daily News, August 10 ASTORIA, N.Y. – Ground will be broken this fall at Kaufman Astoria Studios for an $8.3-million sound stage and support facility intended to attract...

August 10, 1999DALLAS – CWS Communities Trust said it invested $50.4 million during the first half of the year, buying 11 manufactured home communities throughout the country.The 11 communities contain 2,551 homesites and are located in three states,...

August 10, 1999City gets $1 Mln for start-up loans on Restaurant RowThe Winston-Salem Journal, August 10Winston-Salem, N.C. – People have heard plenty of hype lately about plans to revitalize downtown. But now Winston-Salem has the money to back...

August 10, 1999 SALT LAKE CITY - JP Realty Inc. (NYSE:JPR) reported funds from operations for the second quarter ended June 30 of $10.8 million or 61 cents/share on a diluted basis, compared to $10.1 million or 57...

August 10, 1999 Management buyout 'viable' for ShoppersThe National Post, Aug. 10 MONTREAL—The management of Imasco Ltd.'s Shoppers Drug Mart is considering launching an offer to buy the 824-retail pharmacy chain as the conglomerate that owns it prepares...

August 10, 1999BEVERLY HILLS, Calif. – G&L Realty Corp. (NYSE:GLR), reported funds from operations for the second quarter ended June 30 of $900,000 or 20 cents/share, compared to $1.9 million or 41 cents/share for the same period last...

August 10, 1999Shopping for a future for Anacostia tractsThe Washington Post, August 10WASHINGTON – Mayor Anthony Williams is seeking developers for 110 overgrown acres along the Anacostia River known as Poplar Point. Administration officials say, without naming names,...

August 10, 1999 LUTHERVILLE, Md. – Mid-Atlantic Realty Trust (NYSE:MRR) said its board declared a 26 cents/share common stock dividend payable Sept. 15 to holders of record Aug. 31.

August 10, 1999 PITTSBURGH (AP) - H-J Heinz Company says it wants to stay in Pittsburgh and officials hope they can seal a deal to expand its baby food and soup operation in the city's North Side. Heinz...

August 10, 1999 Chicago REIT plans retail center on prime siteHouston Business Journal, Aug. 10 HOUSTON – City Center Retail, a Chicago real estate investment trust has signed a long-term ground lease on a hotly pursued and pricey...

August 10, 1999 INDIANAPOLIS – Simon Property Group Inc. (NYSE:SPG) said it has negotiated a three-year extension of its $1.3 billion unsecured corporate facility, which now matures in August 2002.Simon said it received more than $1.7 billion of...

August 10, 1999 Developer to build, get tenant laterChicago Tribune, August 10, 1999CHICAGO – John Buck will proceed with construction of the Loop's first major office tower in almost a decade without an anchor tenant. "We are definitely...