August 6, 1999Cenit goes dot.comThe Virginian-Pilot, August 6NORFOLK, Va. – CENIT Bancorp Inc. has seen the future of finance and believes a big piece of it is online. The parent of thrift CENIT Bank plans to move in...

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...

August 6, 1999 By Lisa Finnegan, VertiNews.com CorrespondentMAMARONECK, N.Y. – Mamaronek Garden Unit Owners Corp sold a chunk of 100 apartments in a 265-unit cooperative apartment complex at 100 Richbell Road in Mamaroneck, N.Y. for close to the...

August 6, 1999IRVING, Texas – American Industrial Properties REIT (NYSE: IND) said its board declared a 22 cents/share common stock dividend payable Oct. 14 to shareholders of record Oct. 5.American Industrial owns 156 buildings with 8.3 million square...

August 6, 1999 NEW YORK (AP) – Treasury bond prices were lower at midday. The price of the Treasury's main 30-year bond was down 1 7/32 point, or $12.18 3/4 per $1,000 in face value, around midday, while...

August 6, 1999 JEANNINE AVERSA Associated Press Writer WASHINGTON (AP) - The nation's unemployment rate remained frozen in July at 4.3 percent, near a three-decade low, as manufacturing gained jobs for only the second time since early last...

August 6, 1999 MANHATTAN BEACH, Calif. – Center Trust Inc.(NYSE: CTA), reported funds from operations for the second quarter ended June 30 of $14.1 million or 37 cents/share compared to $11.7 million or 34 cents/share for the same...

August 6, 1999 SEATTLE – Shurgard Storage Centers Inc. (NYSE:SHU) reported funds from operations for the second quarter ended June 30 of $19.7 million or 68 cents/share, compared to $17.7 million or 62 cents/share for the same period...

August 5, 1999Cigar company expanding on Madison Ave. New York Times, August 5NEW YORK  Davidoff of Geneva, a major manufacturer and seller of premium cigars, luxury goods and other tobacco products and accessories, is giving up its...

August 5, 1999 Building boom? Yup!Montreal Gazette, August 5MONTREAL – A quiet building boom has hit the city. The value of building permits for the first six months of 1999 was $426.6 million, a 16 percent increase over...

August 5, 1999Community -development firms best to help Winston-Salem Winston-Salem Journal, August 5WINSTON-SALEM, N.C. – At a time when presidential candidates are talking about the need to switch from government programs to faith-based community groups, Goler Memorial AME...

August 5, 1999Allfirst reports `solid' 2nd QtrThe Baltimore Sun, August 5BALTIMORE – Allfirst Financial Inc., formerly First Maryland Bancorp, reported its second-quarter net income declined to $37.6 million in 1999 compared to $47.5 million for the same period...

August 5, 1999 BIRMINGHAM, Ala. – Colonial Properties Trust (NYSE: CLP) said it priced $82.5 million of unsecured debt that was placed by Merrill Lynch and Lehman Brothers.The medium-term notes were issued in two tranches: A $57.5 million...

August 5, 1999 BOSTON – Berkshire Realty Co. Inc. (NYSE: BRI) reported funds from operations for the second quarter ended June 30 of $16.6 million or 32 cents/share on a diluted basis compared to $14.6 million or 28...

August 5, 1999 CONSHOHOCKEN, Pa. – Kranzco Realty Trust (NYSE: KRT), a retail real estate investment trust in the western suburbs of Philadelphia, said it sold a Connecticut shopping center and four other properties for a total of...

August 5, 1999Feds indict labor leaderChicago Sun-Times, August 5 CHICAGO –John Serpico, 68, of Lincolnwood faces charges of racketeering, fraud and money laundering for allegedly receiving $5 million in bad loans and sharing in almost $334,000 in kickbacks...

August 5, 1999 NEW YORK – Jeffrey M. Brown Associates Inc. has been awarded a $50 million contract to construct Mack-Cali Realty Corp.'s new Harborside Financial Center in Jersey City, N.J.The construction includes a three-story, 150,000-square-foot office building...