August 17, 1999New tax credit kicks off plan to promote growthChicago Sun Times, August 17CHICAGO – Gov. Ryan signed legislation last week to create a new tax-incentive program to attract a larger number of businesses looking to expand...

August 17, 1999Celebrity cachet turns homegrown clothing outfit into empireCrain's New York Business, August 16NEW YORK – Daymond John is scouting for just the right New York City spot to sell his wares. But this time, the founder...

August 17, 1999Zoning change sought from industrial to office The Winston-Salem Journal, August 17WINSTON-SALEM – A local businessman wants to replace the buildings that house Taylor Oil Co. and Twin Oaks Shopping Center on Oakwood Drive with a...

August 17, 1999 YM adds weekend edition to national retail chainsThe National Post, August 17TORONTO – YM Inc., owner of the Stitches, Sirens and Urban Planet retail outlets, said yesterday it will buy 51 of 87 Weekend Edition...

August 17, 1999Report says downtown DisneyQuest coming into questionThe Philadelphia Daily News, August 17 PHILADELPHIA – The long-awaited DisneyQuest indoor amusement park slated for 8th & Market streets has hit another snag, reports say. Disney's CFO said that...

August 17, 1999 HORSHAM, Pa. – GMAC Commercial Mortgage has provided $25 million of mortgage financing for what will become America West Airline's headquarters in Tempe, Ariz.The nine-story building will have 218,000 square feet and will sit on...

August 17, 1999 Developers are constructing multi-family units in Orlando and Tampa, Fla., at a far greater pace than they can be absorbed, threatening the two cities' apartment markets with further softening. In Orlando, permits for nearly 12,000...

August 17, 1999 DENVER – Apartment Investment and Management Co. (NYSE:AIV) said it received a $300 million revolving credit facility from a bank syndicate led by Bank of America (NYSE:BAC) and BankBoston (NYSE:BKB). Nine other lenders, including First...

August 17, 1999Broomfield to pick jail site next weekBoulder Daily Camera, Aug. 17BROOMFIELD, Colo. – Despite vigorous protests from neighboring communities, the city of Broomfield will select a site for its new 72-bed jail next week. The jail,...

August 16, 1999 Groups protest housing demolitionSt. Paul Pioneer-Press, Aug. 16St. PAUL, Minn. – A number of church and minority rights groups protested Sunday over the demolition of the Glenwood-Lyndale public housing project in St. Paul. The groups...

August 16, 1999 NEW YORK – Aegis Realty Inc.(Amex: AER), reported funds from operations for the second quarter ended June 30 of $2.7 million or 33 cents/share, compared to $2.5 million or 31 cents/share for the same period...

August 16, 1999WEST PALM BEACH, Fla. – CV Reit Inc. (NYSE:CVI)reported funds from operations for the second quarter ended June 30 of $2.7 million compared to $2.3 million for the same period last year.The second-quarter FFO reflects a...

August 16, 1999 CHICAGO – Banyan Strategic Realty Trust (Nasdaq: BSRTS) reported funds from operations for the second quarter ended June 30 of $2.8 million or 20.5 cents/share, compared to $2.6 million or 18 cents/share for the same...

August 16, 1999 DENVER – A First Union unit has started taking applications for commercial mortgages through the CyberLoan System, which was developed by FinancingSources.Com.The unit, First Union Small Business Capital, was formerly the commercial lending unit of...

August 16, 1999 DALLAS – Wyndham International Inc. (NYSE:WYN) said it opened a 362-room hotel in Boston's Batterymarch Building in the heart of the city's financial district.The company spent some $40 million redeveloping the 14-story building, which was...

August 16, 1999 DENVER – A First Union unit has started taking applications for commercial mortgages through the CyberLoan System, which was developed by FinancingSources.Com.The unit, First Union Small Business Capital, was formerly the commercial lending unit of...

August 16, 1999 New hotel going up near CBDHouston Business Journal, Aug. 16 HOUSTON – Downtown land prices have spiked so high that some developers are buying land in the once blighted Fourth Ward. Three blocks west of...

August 16, 1999 CLEVELAND – Trustees of First Union Real Estate Investments (NYSE:FUR) approved the purchase of up to $20 million of its common shares on the open market.In addition, the REIT said that it expects to complete...

August 16, 1999 FORT WORTH, Texas – Crescent Real Estate Equities Co. (NYSE:CEI) has reached an agreement with several parties to restructure Charter Behavioral Health Systems LLC, which leases 88 psychiatric hospitals owned by Crescent.Under the restructuring, Crescent...

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 16, 1999City to vote on Five Points TowerSarasota Herald-Tribune, Aug. 14SARASOTA, Fla. – It now appears certain that the Sarasota City Commission will override its planning board and approve a nearly 200,000-square-foot, seven-story office building on a...

August 16, 1999 Imasco to subdivide GenstarThe Globe and Mail, Aug. 14TORONTO – Real estate company Genstar Development Co. is being subdivided into U.S. and Canadian properties as parent Imasco Ltd. bids to make the properties more attractive...

August 16, 1999Tax liens can enrich investors New York Times, August 15NEW YORK - Anyone who has seriously contemplated making money in real estate has probably encountered the arcane but potentially profitable practice of investing in tax liens...

August 16, 1999 Huge data centers pop up on tech landscapeThe Washington Times, Aug. 16WASHINGTON – Companies that came to Northern Virginia to give employees a nice place to work now want to lease or build buildings that...

August 16, 1999 By Lisa Singhania Associated Press WriterBATTLE CREEK, Mich. (AP) – Kellogg Co. said it is closing most of its historic hometown plant and cutting about 550 jobs in its latest effort to revive a sagging...