August 4, 1999 SANTA MONICA, Calif. – National Golf Properties Inc. (NYSE:TEE) said it lined up a $200 million revolving credit facility and a $100 million five-year term loan that is unsecured, from a group of lenders that...

August 4, 1999Delaware, Ohio(AP)- With Columbus City Council wavering on its commitment to a tax-increment plan for the Polaris area, Delaware County Auditor David Yost has stopped sending the city real estate taxes generated by the plan. He's...

August 4, 1999 CHICAGO – General Growth Properties Inc.(NYSE: GGP) said funds from operations for the second quarter ended June 30 rose to $40.4 million or 94 cents/share from $28.4 million or 79 cents/share the same period last...

August 4, 1999 Texas Health chain files for bankruptcyDallas Morning News, Aug. 4DALLAS – Texas Health Enterprises, the state's second largest nursing home chain, filed forfederal bankruptcy protection Tuesday, blaming its woes on inadequate government reimbursements and an...

August 3, 1999A.C. tunnel project clears legal hurdleThe Philadelphia Inquirer, June 3 TRENTON – The New Jersey state Supreme Court rebuffed Donald Trump's latest bid to block a tunnel leading to an Atlantic City casino envisioned by arch-rival...

August 3, 1999 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE: CLI) has converted $185.3 million of mortgages into unsecured debt, which it placed with Teachers Insurance and Annuity Association.The company used the proceeds to retire an equal amount...

August 3, 1999Wilmorite adds speedy Internet link as it repositions the downtown propertyRochester Democrat and Chronicle, August 3ROCHESTER, N.Y. – Wilmorite Inc., the commercial real estate developer that owns Rochester's four largest shopping malls, is recasting the former...

August 3, 1999 A New Use Three developers join forces to convert Indera Mills complexThe Winston-Salem Journal, August 3WINSTON-SALEM, N.C. – Three local developers have formed Tar Branch Investors LLC to convert the former Indera Mills complex into...

August 3, 1999 Calgary: Western Canada's head-office capitalThe Globe and Mail, August 3CALGARY – Two new downtown office towers are helping to make once out-of-the-way Calgary a new home to many Canadian businesses. Construction begins next month on...

August 3, 1999Rocky Mountain economy continues to boomBoulder Daily Camera, Aug. 3BOULDER, Colo. – A survey by Creighton University economist Ernie Goss found that the Rocky Mountain economy grew for the 7th consecutive month, with a purchasing index...

August 3, 1999 BIRMINGHAM, Ala. – Colonial Properties Trust (NYSE: CLP) leased 18,337-square-feet of Colonial Plaza in downtown Birmingham, Ala., to SouthTrust Corp.SouthTrust is relocating its credit and loan review offices to the 182,000 sf office building, which...

August 3, 1999 Phoenix hotel owner petitions to block subsidized hostelsArizona Republic, August 3PHOENIX – Fighting to stop construction of two city-financed rival hotels, Phoenix hotelier Steve Cohn is funding a second petition drive to get those deals...

August 3, 1999 Two more big TIFs proposed for North SideDetroit News, August 3, 1999DETROIT – Two new Tax Increment Financing Districts (TIF) in Lake View Township are planned to foster and accelerate potential development which may further...

August 3, 1999 Police back plan to build headquarters Dallas Morning News, August 3DALLAS – Dallas Police Chief Ben Click said Monday that he supports a plan to build a police headquarters south of downtown but is concerned...

August 3, 1999ATLANTA – Chastain Capital Corp. (Nasdaq/NM:CHAS) said that its board approved the sale of some of its mezzanine loans and its entire commercial mortgage-backed securities portfolio for $24.4 million.The assets, which are being acquired by Insignia...

August 3, 1999 DALLAS – Holliday Fenoglio Fowler LP said it has aranged more than $5.4 billion of commercial real estate transactions, primarily through the end of June.The company, which is a subsidiary of Amresco (NASDAQ:AMMB), said that...

August 3, 1999 NEW YORK – Morgan Stanley Real Estate Fund III LP has acquired a 65 percent interest in 90 Broad Street, a downtown Manhattan office building that SL Green Realty Corp. (NYSE: SLG) acquired three months...

August 3, 1999 CHICAGO – Equity Office Properties Trust (NYSE: EOP) said funds from operations for the second quarter ended June 30 rose to $186.7 million, or 64 cents/share on a diluted basis from $164.2 million or 58...

August 2, 1999SPRING MOUNT, Pa. (AP) - The sale price for the seven-slope, 183-acre Spring Mountain Ski Area has dropped to $1.7 million, according to a Harleysville real estate agent who said he has seen a renewed interest...

August 2, 1999 CLEVELAND (AP)- KeyCorp (NYSE: KEY) announced today that two executives have been given expanded line of business responsibilities, reflecting the company's continued transformation into an integrated, multiline financial services organization. James S. Bingay has been...

August 2, 1999 CHICAGO – AMLI Residential has formed a venture with a large Dutch pension fund that will invest $165 million in multi-family properties in the seven markets that AMLI concentrates on.The pension fund, Stichting Bedrijfspensioenfonds voor...

August 2, 1999Sledgehammers halt debate over downtown landmark The Washington Post, July 31WASHINGTON – Tired of D.C.'s notoriously difficult rezoning bureaucracy, Douglas Jemal is renovating one of the city's major landmarks, the long-vacant Woodward & Lothrop department store...

August 2, 1999NEW MARTINSVILLE, W.Va.(AP) - A judge has ordered the sale of a Wal-Mart Supercenter in New Martinsville to satisfy debts owed by the contractor that built the store. Mountain View Construction, which is based in Mount...

August 2, 1999 Kansas hotel operators worry about declining occupancy ratesWichita Tribune-Eagle, Aug. 2WICHITA, Kan. – Kansas is trying to attract more tourists to the plains, but hotel operators are concerned about decreasing occupancy rates in their rooms....

August 2, 1999South Beach projects add offices, parking spacesMiami Herald July 31MIAMI BEACH, Fla. – Two new projects will increase office space on South Beach about 20 percent. Developers Scott Robins and the Comras Co. are within days...