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...
August 13, 1999Market for bonds nearly saturatedThe Charlotte Observer, Aug. 13CHARLOTTE – Corporate worries about having enough cash on hand for Y2K mean investment banks are sending a glut of corporate bonds to the market -- at a...
August 13, 1999 Publisher inks lease deal at 10 St. JamesThe Boston Herald, Aug. 13BOSTON – A subsidiary of London-based Pearson Plc, publishers of The Economist and Financial Times, will put 600 employees into a new office tower...
August 13, 1999Public opinion kills plans to build Richmond Road shopping center The Daily Press, August 13WILLIAMSBURG, Va. – A proposal to build a retail and entertainment center off Richmond Road was withdrawn minutes before the City Council...
August 13, 1999 Cambridge scoops up Laing's mall propertiesThe Globe and Mail, Aug. 13TORONTO – Cambridge Shopping Centres Ltd. is buying Laing Property Corp., extending the Toronto-based firm's holdings further west. But Cambridge says it will keep only...
August 13, 1999TORONTO – Canadian Imperial Bank of Commerce is putting its $2 billion real estate portfolio on the block, including its landmark head office building in Toronto, The National Post reported.CIBC Development Corp. owns 45 office, retail,...
August 13, 1999 SEATTLE – The investor group that owns the Seattle Sheraton Hotel has filed a motion in U.S. District Court seeking a permanent injunction that would prevent the opening and operation of Starwood Hotels & Resorts'...
August 13, 1999 ATLANTA – ING Realty Fund has provided close to $7 million of equity to Crest Asset Management to recapitalize the ownership structure of a 476-unit apartment complex it owns in Dallas.Crest used the equity, as...
August 13, 1999Campbell Centre gets boost from renovation projectsDallas Morning News, Aug. 13DALLAS – When Campbell Centre was built on North Central Expressway in the 1970s. Now a $17 million renovation and the widening of North Central promise...
August 13, 1999COLUMBUS, Ohio – The trustees of Lexford Residential Trust (NYSE: LFT) declared a 35.2 cents/share common stock dividend payable Oct. 8 to holders of record Sept. 20.In addition, Lexford's shareholders will vote Sept 30 on the...
August 13, 1999 CHICAGO – Strategic Hotel Capital Inc. has formed a venture with the real estate investment arm of the Government of Singapore Investment Corp. to buy upscale hotels throughout Europe.GIC Real Estate is already an investor...
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...
© 2025 Commercial Real Estate Direct All rights reserved.
© 2024 Commercial Real Estate Direct All rights reserved..
