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...

August 11, 1999 NEW YORK – Duff & Phelps Credit Rating Co. said it lowered its senior debt rating for Meditrust Corp. (NYSE:MT) to double-B-minus from double-B plus. At the same time, the rating firm said it had...

August 10, 1999 COLUMBIA, S.C. – Edens & Avant said it launched E&A OnSite, a property search program that allows retailers to find potential sites at the developer's properties. E&A OnSite is accessible via Edens & Avant's website,...

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 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...

August 10, 1999 INDIANAPOLIS – Simon Property Group Inc. (NYSE: SPG) said funds from operations for the second quarter ended June 30 rose to $134.4 million or 71 cents/share on a diluted basis from $73.9 million or 66...

August 10, 1999DALLAS – Trammell Crow Co. (NYSE:TCC) said net income for the second quarter ended June 30 dipped to $8.3 million or 23 cents/share from $10.9 million or 30 cents/share the same period last year. Revenue for...

August 10, 1999 HOUSTON – United Investors Realty Trust (NASDAQ:UIRT) set a quarterly dividend of 21.5 cents/share payable Oct. 21 to holders of record Oct. 7.United Investors Realty Trust owns 28 neighborhood and community shopping centers in Texas,...