August 10, 1999 CLEVELAND – First Union Real Estate Investments (NYSE:FUR) reported funds from operations for the second quarter ended June 30 of $4.1 million or 11 cents/share on a diluted basis compared to a restated loss from...

August 10, 1999 HOUSTON – L.J. Melody & Co. has lured three loan officers from Banc One Mortgage Capital Markets to staff a new office in Indianapolis.The firm hired Edward S. Chandler as senior vice president and Kendrick...

August 10, 1999NEW YORK – American Mortgage Acceptance Co. (AMEX:AMC) said it received Fannie Mae (NYSE:FNM) approval to write up to $250 million of DUS loans for apartment properties that qualify for low-income housing tax credits under section...

August 9, 1999 No way, voters say: 96 percent oppose amalgamationMontreal Gazette, August 9MONTREAL – Voters overwhelmingly turned down a proposal to amalgamate three small communities outside Montreal, a move that many felt would have opened the floodgates...

August 9, 1999 Brownfields development on the riseThe Philadelphia Inquirer, August 8 PHILADELPHIA – A record amount of former industrial sites in Pennsylvania and New Jersey are getting a good sniff these days.Click Here to View Full StoryFlyers...

August 9, 1999 MELVILLE, N.Y. – Reckson Associates Realty Corp. (NYSE: RA) said its $310 million sale of industrial properties and land to American Real Estate Investment Corp. and Matrix Development Group gives it a 16 percent internal...

August 9, 1999 LOS ANGELES – Westfield America Inc. (NYSE: WEA) said funds from operations for the second quarter ended June 30 rose to $42 million or 42 cents/share on a diluted basis from $32.2 million or 40...

August 9, 1999 ALHAMBRA, Calif. – CB Richard Ellis (NYSE:CBG) has agreed to offer its sales executives the option of marketing properties for sale through propertyfirst.com, an online multiple listing service.The Los Angeles real estate firm becomes propertyfirst.com's...

August 9, 1999 A foul matter near the North River CorridorChicago Sun Times, August 9CHICAGO – What's that smell? A foul odor in an industrial area has nearby business and residents pointing fingers. The offender may actually be...

August 9, 1999ST. LOUIS (AP) - It's been almost six months since crews imploded the old Arena while thousands watched the former home of the St. Louis Blues crash to the ground.Now, officials say cleaning up the site...

August 9, 1999 MART bumps up net income to $3.2 MlnThe Baltimore Business Journal, August 9BALTIMORE – Mid-Atlantic Realty Trust, developer of shopping centers in the Mid-Atlantic area, reported a 10 percent increase in net earnings to $3.2...

August 9, 1999 SF's Bristol Group Buys AEW Industrial PortfolioLos Angeles Business Journal, August 9SAN FRANCISCO – Bristol Group of San Francisco, Calif. is the expected buyer of a $151 million industrial portfolio owned by AEW Capital Management....

August 9, 1999 At Lenox and 116th, co-ops and stores are risingNew York Times, August 8HARLEM, N.Y. – In central Harlem, 125th Street is the principal commercial thoroughfare as well as the main focus over the years of...

August 9, 1999 Debate swirls as city creates new tax zonesHouston Business Journal, August 9HOUSTON – The past three months have been a hectic race against the clock for the City of Houston. The Planning Department has crusaded...

August 9, 1999AmeraParts to open York plantThe Business Journal of 'Charlotte, August 9CHARLOTTE – AmeraParts International, an auto-parts recycler, has almost concluded an agreement to occupy a vacant textile plant near York, South Carolina where it would employ...

August 9, 1999 NEW YORK – Wellsford Real Properties Inc. (AMEX:WRP) said funds from operations for the second-quarter ended June 30 rose to $4.8 million or 23 cents/share on a diluted basis from $3.7 million or 17 cents/share...

August 6, 1999 OAK BROOK, Ill. – Great Lakes REIT (NYSE: GL) said funds from operations for the second-quarter ended June 30 rose to $7.9 million or 47 cents/share from $7.2 million or 41 cents/share the same period...

August 6, 1999 WASHINGTON – CarrAmerica Realty Corp. (NYSE: CRE) said funds from operations for the second-quarter ended June 30 was $51.9 million or 70 cents/share on a diluted basis compared to $51.2 million or 65 cents/share for...

August 6, 1999Broomfield approves new libraryBoulder Daily Camera, August. 6BROOMFIELD, Colo. – The city council in booming suburb Broomfield has approved plans for the construction of a new $4.6 million library and city offices on vacant land near...

August 6, 1999DENVER – Finova Realty Capital (NYSE:FNV) has started accepting commercial mortgage loan applications on the internet, via CyberLoan, a network developed by FinancingSources.com of Denver.CyberLoan essentially matches loan applications with the underwriting criteria of lenders of...

August 6, 1999 SOUTHFIELD, Mich. – Ramco-Gershenson PropertiesTrust (NYSE: RPT) said Herbert Liechtung has resigned as a trustee. Liechtung, who is 69, has moved to Florida and plans to focus on his personal real estate investments. He previously...

August 6, 1999 DENVER – FinancingSources.com, which developed the CyberLoan system that matches borrowers with potential lenders of commercial mortgages, said it is considering being acquired.The firm, which is privately owned, said it received two offers that it...

August 6, 1999 Office park planned in DallasDallas Morning News, Aug. 6DALLAS – Developers have purchased a high-profile Frisco property to build a corporate office park. Means-Knaus LLC, in a venture with Florida-based St. Joe Co., plans to...

August 6, 1999 BLOOMFIELD HILLS, Mich. – Taubman Centers Inc. (NYSE: TCO) said diluted funds from operations for the second quarter ended June 30 rose 18.5 percent to $17.2 million or 32 cents/share compared to $14.2 million or...

August 6, 1999 SAN CLEMENTE, Calif. – Sunstone Hotel Investors Inc. (NYSE: SSI) reported funds from operations for the second quarter ended June 30 of $13.6 million or 33 cents/share on a diluted bases, compared to $15.6 million...