August 6, 1999 PLYMOUTH MEETING, Pa. – American Real Estate Investment Corporation (Amex: REA) reported funds from operations for the second quarter ended June 30 of $7.3 million or 45 cents/share, compared to $3.4 million or 32 cents/share...

August 6, 1999High-Tech set for Times SquareNew York Daily News, August 6NEW YORK – An Australian entertainment company that specializes in high-tech games is planning a bar, arcade and virtual reality ride for the heart of Times Square.Click...

August 6, 1999Board rejects charter school Chicago Sun Times, August 6 CHICAGO – The Thomas Jefferson Charter School late Thursday night was rejected by the DuPage County Zoning Board of Appeals in its bid to open the school...

August 6, 1999 Grace Hospital slated for demolitionThe Ottawa Citizen, August 6OTTAWA – Ottawa will lose one of its grand old landmarks when the Salvation Army Grace Hospital is demolished next spring. The Wellington Street institution will be...

August 6, 1999Durham, Raleigh may get IMAX theaters The Winston Salem-Journal, August 6RALEIGH, N.C. – The Triangle could soon be home to two IMAX theaters. An IMAX Corp. official said Monday that the company has signed a deal...

August 6, 1999 OAK BROOK, Ill. – Great Lakes REIT (NYSE: GL) said it has entered into an agreement with a major financial institution that caps the interest rate on $50 million of its bank line of credit...

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 5, 1999 ROSEBURG, Oregon - After sitting dormant for nearly two years, Roseburg's Starlite Drive-In movie has a new owner. The Cow Creek Band of the Umpqua Indian tribe has purchased the drive-in, and agreed to not...

August 5, 1999PASADENA, Calif. – Alexandria Real Estate Equities Inc. (NYSE: ARE) reported funds from operations for the second quarter ended June 30 of $9.6 million or 70 cents/share on a diluted basis versus $7.2 million or 60...

August 5, 1999By Chris Kahn PHOENIX (AP) - Federal prosecutors had until the end of today to ask the 9th U.S. Circuit Court of Appeals to reverse its decision to throw out former Gov. Fife Symington's criminal convictions....

August 5, 1999 PASADENA, Calif. – Alexandria Real Estate Equities Inc. (NYSE:ARE) said it signed 13 leases during the second quarter ended June 30, for 177,000 square feet of space at ten properties.Of that total, eight leases for...

August 5, 1999MEMPHIS, Tenn. – Mid-America Apartments (NYSE: MAA) sold four apartment communities with 1,134 units to a venture it has with Blackstone Real Estate Advisors for $33.3 million.The REIT actually recovered $30.5 million from the sale. The...

August 5, 1999 NEW YORK – New Plan Excel Realty Trust Inc. (NYSE:NXL) declared a common stock dividend of 40.75 cents/share, up from 40.5 cents/share, payable Oct. 15 to shareholders of record Oct. 1.In addition, the REIT declared...

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...