August 2, 1999CHARLESTON, W.Va. (AP) - A South Carolina-based real estate firm is set to announce its purchase of the Pete Dye Golf Course in Bridgeport, a Clarksburg newspaper has reported. Golf Trust of America Inc., a real...

August 2, 1999SPRING MOUNT, Pa. (AP) - The sale price for the seven-slope, 183-acre Spring Mountain Ski Area has dropped to $1.7 million, according to a Harleysville real estate agent who said he has seen a renewed interest...

August 2, 1999 CLEVELAND (AP)- KeyCorp (NYSE: KEY) announced today that two executives have been given expanded line of business responsibilities, reflecting the company's continued transformation into an integrated, multiline financial services organization. James S. Bingay has been...

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, 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, 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, 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, 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 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, 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 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...

July 30, 1999First Union's president to retireThe Charlotte Observer, July 30CHARLOTTE, N.C. – First Union's president John Georgius is out and Ken Thompson, head of investment banking, is in, following yesterday's board meeting. Thompson will succeed Georgius after...

July 30, 1999 Jump in labor cost prompts fear of rising interest ratesNew York Times, July 30NEW YORK – An unexpected spike in an important inflation warning signal that tracks labor costs spooked financial markets Thursday report that...

July 30, 1999 Milwaukee River hot spot for upscale housingMilwaukee Journal Sentinel, July 30MILWAUKEE – Mandel Group Inc. has confirmed interest in vacant land formerly used by the Albert Trostel & Sons Co. tannery, 1818 N. Commerce St....

July 30, 1999 Loeb institute plans $6-Mln expansionThe Ottawa Citizen, July 30OTTAWA – The Loeb Health Research Institute plans to hire as many as 45 scientists as part of a major expansion that includes the addition of a...

July 30, 1999Md. to skip review of harborThe Washington Post, July 30WASHINGTON, D.C. – Two Maryland members of Congress are trying to expedite the massive National Harbor project in Prince George's County by removing federal oversight of the...

July 30, 1999PROVO, Utah (AP) – Bridal Veil Falls is up for sale, and a real estate broker hopes the well-known waterfall will appeal to lovebirds with a few bucks to spare. Or a few million. The last...

July 30, 1999 MEMPHIS, Tenn. – RFS Hotel Investors, Inc. (NYSE: RFS) said funds from operations (FFO) for the second quarter ending June 30 dropped to $17.2 million (62 cents/share) from $17.5 million (64 cents/share) for the second...

July 30, 1999RICHMOND, Maine (AP) – Three months after Etonic cut 66 jobs from the work force of 100 at its golf shoe plant in Richmond, the plant's owners announced the facility will close in September. Etonic's owner,...

July 30, 1999 PALO ALTO, Calif. – Essex Property Trust Inc. (NYSE:ESS) privately placed $50 million of Series D cumulative redeemable preferred units with institutional investors.Essex, an apartment REIT, sold 2 million units in its operating partnership for...

July 30, 1999 NEW YORK – Hanover Capital Mortgage Holdings Inc. (AMEX: HCM) said it has exited the commercial mortgage business because of insufficient acquisition volume. The company said the move will eliminate annual expenses of $600,000. Charges...

July 30, 1999 ANKENY, Iowa (AP) – The Ankeny Exposition Park has been sold for $1.26 million to real estate developers who plan to develop the land for commercial use. The Ankeny-Des Moines Aviation Exposition Association, the nonprofit...

July 30, 1999 RICHMOND, Va. – Cornerstone Realty Income Trust (NYSE: TCR) reported that funds from operations (FFO) for the quarter ended June 30, 1999 rose to $12.1 million (31 cents/share) compared to $10.5 million (29 cents/share) in...

July 30, 1999 ANN ARBOR, Mich. – Captec Net Lease Realty, Inc. (Nasdaq: CRRR) said funds from operations rose to $4.5 million (48 cents/share) in the second quarter ending June 30, up from $4.3 million (46 cents/share).For the...