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 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 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...

August 2, 1999 Chemical warehousing vet moves forward with new facility Houston Business Journal, August 2HOUSTON – Houston-based Industrial Distribution Corp. is breaking ground on a 315,000-square-foot chemical storage warehouse near Fairmont Parkway in La Porte. When the...

August 2, 1999Sale of 20 acres to mall called offDenver Rocky Mountain News, Aug. 1, 1999DENVER – The sale of 20 acres critical to the Denver area's largest and newest shopping mall is apparently off. John Bandimere, who...

August 2, 1999 BINGHAM FARMS, Mich. – Colliers International's metropolitan Detroit brokerage office has added commercial mortgage brokering to its menu of services by hiring Lee Seiss from Great Lakes Capital.The commercial brokerage group will arrange end loans...

August 2, 1999Investors eye 6th Ave. towerCrains New York Business, August 1NEW YORK – Taconic Investment Partners and pension fund adviser Clarion Partners are negotiating to buy 1350 Sixth Ave. from the Minskoff family. The team has offered...

August 2, 1999 E-commerce luring banks away from real estate assetsNational Post, July 31TORONTO – Cyberspace has become the new real estate for some banks as financial institutions consider dumping real estate holdings to dedicate more funds to...

August 2, 1999 KENNETT SQUARE, Pa. – ElderTrust (NYSE: ETT) has named D. Lee McCreary, Jr., the REIT's chief financial officer, to the additional posts of president and chief executive officer. McCreary replaces Edward B. Romanov, Jr., who...

August 2, 1999 KENNETT SQUARE, Pa. – ElderTrust (NYSE: ETT) said funds from operations for the second-quarter ended June 30 were $3.5 million or 45 cents/share compared to $3.4 million or 43 cents/share the same period last year.The...

August 2, 1999 DALLAS – U.S. Restaurant Properties Inc. (NYSE: USV) said it paid $13 million for 27 service station properties in North Carolina. The purchase price was a combination of partnership units and cash. All of the...

August 2, 1999 GLEN ALLEN, Va.– Dynex Capital Inc. (NYSE: DX) said shareholders approved a one-for-four reverse split of its common shares. The reverse split takes effect tomorrow. It will reduce the company's outstanding shares to about 11.5...