August 17, 1999Crescent to take over Charter hospital system Houston Chronicle, August 17HOUSTON – Crescent Real Estate Equities Co., headed by billionaire Richard Rainwater, said Monday that it has reached anagreement whereby an affiliate will take control of...

August 17, 1999 DALLAS – Accor SA of Paris said it has consolidated its three economy brands into a new division, Accor Economy Lodging. The unit is comprised of Motel 6, Studio 6 and Red Roof Inns, which...

August 17, 1999 BEVERLY HILLS – Meadowbrook Golf Group Inc. (OTC: MGGI) and the Apollo Real Estate Investment Fund IV have agreed to form a joint venture to acquire KSL Fairways Golf Corp. Bank Boston N.A. is providing...

By Karen Chan, ASIA WorldSources HONG KONG (AP) - Time Warner has agreed to lease up to 12 floors or 133,000 square feet of office space at Swire Properties' Oxford House in Quarry Bay to become the first...

August 17, 1999New tax credit kicks off plan to promote growthChicago Sun Times, August 17CHICAGO – Gov. Ryan signed legislation last week to create a new tax-incentive program to attract a larger number of businesses looking to expand...

August 16, 1999City to vote on Five Points TowerSarasota Herald-Tribune, Aug. 14SARASOTA, Fla. – It now appears certain that the Sarasota City Commission will override its planning board and approve a nearly 200,000-square-foot, seven-story office building on a...

August 16, 1999 Imasco to subdivide GenstarThe Globe and Mail, Aug. 14TORONTO – Real estate company Genstar Development Co. is being subdivided into U.S. and Canadian properties as parent Imasco Ltd. bids to make the properties more attractive...

August 16, 1999Tax liens can enrich investors New York Times, August 15NEW YORK - Anyone who has seriously contemplated making money in real estate has probably encountered the arcane but potentially profitable practice of investing in tax liens...

August 16, 1999 Huge data centers pop up on tech landscapeThe Washington Times, Aug. 16WASHINGTON – Companies that came to Northern Virginia to give employees a nice place to work now want to lease or build buildings that...

August 16, 1999 By Lisa Singhania Associated Press WriterBATTLE CREEK, Mich. (AP) – Kellogg Co. said it is closing most of its historic hometown plant and cutting about 550 jobs in its latest effort to revive a sagging...

August 16, 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 required...

August 16, 1999Internet Tenant Leases Space in Marina del ReyLos Angeles Business Journal, Aug. 16MARINA del REY, Calif. – Event411.com has subleased 22,000 square feet at the Marina Business Center in Marina del Rey, Calif., an unincorporated area...

August 16, 1999 Groups protest housing demolitionSt. Paul Pioneer-Press, Aug. 16St. PAUL, Minn. – A number of church and minority rights groups protested Sunday over the demolition of the Glenwood-Lyndale public housing project in St. Paul. The groups...

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 16, 1999 DALLAS – Wyndham International Inc. (NYSE:WYN) said it opened a 362-room hotel in Boston's Batterymarch Building in the heart of the city's financial district.The company spent some $40 million redeveloping the 14-story building, which was...

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 16, 1999 New hotel going up near CBDHouston Business Journal, Aug. 16 HOUSTON – Downtown land prices have spiked so high that some developers are buying land in the once blighted Fourth Ward. Three blocks west of...

August 16, 1999 CLEVELAND – Trustees of First Union Real Estate Investments (NYSE:FUR) approved the purchase of up to $20 million of its common shares on the open market.In addition, the REIT said that it expects to complete...

August 16, 1999 FORT WORTH, Texas – Crescent Real Estate Equities Co. (NYSE:CEI) has reached an agreement with several parties to restructure Charter Behavioral Health Systems LLC, which leases 88 psychiatric hospitals owned by Crescent.Under the restructuring, Crescent...

August 16, 1999CHICAGO – A venture led by AMLI Residential Properties Trust (NYSE: AML) paid $17.2 million for Prestonwood Hills, a 272-unit apartment complex in Plano, Texas.The venture, which AMLI formed with BPMT Stichting Bedrijfspensioenfonds voor de Metaal...

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 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...