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 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 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 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...