August 12, 1999 By Keith Regan, VertiNews.com CorrespondentBOSTON – Meredith & Grew Inc. has been selected to manage the marketing and development of Worcester's Union Station, which is nearing the end of a $25 million renovation. The Worcester...

August 12, 1999Hot piece of downtown property up for grabsOrlando Sentinel, Aug. 12ORLANDO – A prime block of downtown Orlando real estate has been put up for sale by its Saudi Arabian owners. The 2.29-acre property, bounded by...

August 12, 1999 PHILADELPHIA – Pennsylvania Real Estate Investment Trust (NYSE:PEI) will broadcast its quarterly earnings conference call through Investor Broadcast Network's Vcall website. The call will take place today at 11 a.m. EDT. To access the site,...

August 12, 1999 NEW YORK – NEC America Inc. is relocating its corporate headquarters to a 526,244-square-foot building that Archon Group, a unit of Goldman Sachs Group Inc. (NYSE:GS), will develop in the Las Colinas Corporate Center in...

August 12, 1999 CHARLESTON, S.C. – Golf Trust of America Inc. (AMEX:GTA) a self-administered real estate investment trust (REIT), reported funds from operations for the second quarter ended June 30 of $8.4 million or 64 cents/share, compared to...

August 12, 1999 LOS ANGELES – CB Richard Ellis (NYSE:CBG) said it named Craig T. Stevens to the newly created post of senior vice president of e-business.Stevens was formerly head of the company's strategic purchasing program and 1031...

August 12, 1999 HORSHAM, Pa. – GMAC Commercial Mortgage Corp. said it acquired Allan D. Dannatt & Co., a Houston-based commercial mortgage banker.The terms of the transaction were not disclosed.Dannatt represents life insurers, conduit lenders and other lending...

August 12, 1999 Senior community started in FairviewDallas Morning News, Aug. 12DALLAS – U.S. Home Corp. has begun building a $250 million senior housing community just north of Dallas. The 1,144-home Heritage Ranch community in the Collin County...

August 12, 1999 Giant bookstore chain touted to be major retailer at Daly-site projectThe Ottawa Citizen, Aug. 12OTTAWA — The city's prime business corner—the intersection of Rideau Street and Sussex Drive—will be the battleground for a book retailing...

August 12, 1999WASHINGTON (AP) – Yields on 30-year Treasury bonds rose in today's auction to the highest level in nearly two years. The yield was 6.144 percent, up from 5.298 percent at the last auction on Feb. 11....

August 12, 1999UrbanAmerica targets inner citiesThe Baltimore Sun, August 12BALTIMORE – Seeking to capitalize on a lack of competition in urban areas, a newly-formed New York company is looking to acquire retail and office projects in low- to...

August 12, 1999 LAKEWOOD, Colo. – AmeriVest Properties Inc. (NASDAQ:AMVP) said it paid $7.9 million for three adjacent office buildings in Indianapolis with 95,800 square feet.The buildings are 95 percent leased and were purchased from Sheridan Realty Partners...

August 12, 1999 Pappas deal clears way for hotel The Boston Herald, Aug. 12BOSTON—City officials have struck a deal with developer James A. Pappas that opens up a parcel of land that will house a $250 million convention...

August 12, 1999CHICAGO – Security Capital Group (NYSE:SCZ) has agreed to sell the 23.6 percent interest it owns in Strategic Hotel Capital Inc. to the hotel investment firm for $328 million.In May, Security Capital, which is led by...

August 11, 1999HOUSTON – J.A. Green Development Corp. has lined up $19.4 million in permanent financing from New York Life Insurance Co. for four recently constructed industrial properties in Houston. The four properties total 569,250 square feet and...

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, 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, 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, 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, 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, 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 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, 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 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...