August 5, 1999NASHVILLE – Prison Realty Trust Inc. (NYSE: PZN) received a $350 million term loan, bolstering its borrowing capacity.The owner and operator of correctional facilities said the new term loan bears a variable rate of interest pegged...

August 5, 1999By Morris Newman, VertiNews.com CorrespondentWESTLAKE VILLAGE, Calif. – A pair of West Coast developers have started construction on the $50-million, 327,474-square-foot Westlake North Business Park in this city on the Los Angeles-Ventura County border. The 18-acre...

August 5, 1999 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE: CLI) said funds from operations for the second quarter ended June 30 rose to $60.7 million or 82 cents/share on a diluted basis from $54.2 million or 76...

August 5, 1999 Job growth slows but remains strongDallas Morning News, August 5DALLAS – A slowdown in second-quarter job growth hasn't knocked Dallas-Fort Worth off the list of the nation's top employment centers. For the 12 months ended...

August 5, 1999 HARTFORD (AP) – A Manchester lawyer has admitted that he didn't tell authorities about bankruptcy fraud committed by two figures in the Colonial Realty scandal. Mark Pagani's plea came yesterday in Hartford federal court. The...

August 5, 1999 BALA CYNWYD, Pa. – Corporate Office Properties Trust (NYSE:OFC) said it leased all 120,000 square feet of an office building it is constructing in Annapolis Junction, Md., to Ameritrade Holding Corp.Corporate Development Services, a subsidiary...

August 5, 1999NEW PORT RICHEY, Fla. –MobileVest Inc. (OTC:MOBV) said it agreed to pay $5 million for a mobile-home park in Leesburg, Fla., that has 265 sites for both single- and double-wide homes.The purchase will add $680,000 in...

August 5, 1999 LOS ANGELES – Oakwood Corporate Housing, which leases fully furnished apartments to extended-stay travelers, has purchased Great West Corporate Housing, a unit of Simpson Housing LP of Denver.Terms of the deal were not disclosed. But...

August 5, 1999 Forest plan would hurt ski area expansion plansColorado Springs Gazette-Telegraph, August 5VAIL, Colo. – The U.S. Forest Service?s proposed master plan on the White River National Forest would freeze the area zoned for current and...

August 5, 1999NEWTON, Mass. – HRPT Properties Trust (NYSE: HRP) reported funds from operations for the second quarter ended June 30 of $62.4 million or 44 cents/share, compared to $54.8 million or 44 cents/share for the same period...

August 5, 1999SILVER SPRING, Md. – Humphrey Hospitality Trust Inc. (NASDAQ:HUMP) said funds from operations for the second-quarter ended June 30 rose to $1.7 million or 32 cents/share, on a diluted basis, from $1.5 million or 31 cents/share...

August 5, 1999 By Paul Gereffi, VertiNews.com CorrespondentCarrAmerica Realty Corp. (NYSE:CRE) recently leased 22,000 square feet at its Peninsula Executive Center in Boca Raton, Fla., to Ericsson Inc., pushing the occupancy level of the building to 71 percent.Although...

August 4, 1999 NEWPORT BEACH, Calif. – First Golf Corp., a unit of CEC Properties Inc. (OTC: CECI) said it was awarded an $11 million contract to develop and construct two 18-hole courses in the Pueblo of Pojoaque,...

August 4, 1999 SAN DIEGO – Burnham Pacific Properties Inc. (NYSE: BPP) said its venture with the California Public Employees' Retirement System completed its $246 million acquisition of 12 retail centers from AMB Property Corp.The properties, encompassing 2...

August 4, 1999Equity simplifies office leasesChicago Sun-Times, August 4 CHICAGO – Equity Office Properties Trust has introduced a simplified lease that cuts out legalese and concedes certain points of contention. Click Here to View Full StoryCourt bursts former...

August 4, 1999CLEVELAND – First Union Real Estate Investments (NYSE:FUR) said it completed the $24.8 million sale of the Fairgrounds Square Mall in Reading, Pa., to GP Properties LP, an affiliate of Jager Management Inc. of New Jersey.Separately,...

August 4, 1999King Soopers to anchor Brighton mallDenver Rocky Mountain News, August 4DENVER – The new, $14.5-million Palizzi Marketplace in Brighton, a Denver suburb, will be anchored by a King Soopers grocery, according to Denver developer Jim Sullivan....

August 4, 1999 SAN FRANCISCO – AMB Property Corp. (NYSE: AMB) said it plans to funnel the proceeds of its recently completed sale to BBP Retail into distribution centers near large airports and major transportation centers.BPP Retail, a...

August 4, 1999 DALLAS – Seattle has begun to lag the nation when it comes to growth in apartment rental rates, according to Axiometrics Inc., a Dallas research firmThe city's average rental rate grew an anemic 2 percent...

August 4, 1999 NEW YORK – SL Green Realty Corp. said funds from operations for the second quarter ended June 30 rose to $15.8 million or 59 cents/share from $9.6 million or 46 cents/share for the same period...

August 4, 1999 Atlanta ranks among the top most active office construction markets in U.S.Atlanta Journal-Constitution, August 4ATLANTA – According to a 44-city midyear report by Oncor International, demand for office space is stronger in metro Atlanta than...

August 4, 1999 CARY, N.C. – Konover Property Trust Inc. (NYSE: KPT) said funds from operations for the second quarter ended June 30 was $9.3 million, or 27 cents/share, versus $5.4 million or 31 cents/share the same period...

August 4, 1999DALLAS (AP) – Elvis left the building a long time ago and now it appears that the building that once housed the Velvet E, a tacky shrine to the late entertainer, may be leaving as well....

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...