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...

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...

July 30, 1999 GREENWICH, Conn. – Starwood Capital Group has formed a venture with Nomura Real Estate Development Co. Ltd. that has already purchased three Tokyo office buildings valued at $65 million.The venture is the second in Asia...

July 30, 1999 New CEO Takes Helm at CrescentHouston Chronicle, July 30John C. Goff, Crescent Real Estate Equities' new chief executive will be charged with leading the REIT into the new era. He said he will be devising...

July 29, 1999NEW YORK (AP)– Bond prices fell sharply this morning as a government report signaled that wages are rising faster than expected, heightening inflation jitters and setting the stage for a possible increase in interest rates. Yields...

July 29, 1999 BALA CYNWYD, Pa. – Corporate Office Properties Trust (NYSE:OFC) said funds from operations for the second quarter ended June 30 rose to $7.9 million or 27 cents/share on a diluted basis, from $3.3 million or...

July 29, 1999OGDEN, Utah (AP) – The historic Eccles Building, which has been vacant for nearly three years, may finally have a new tenant. Crowne Plaza Hotels, a division of the U.K.-based Bass Hotels and Resorts, has reportedly...

July 29, 1999 Nearly a third of all malls are owned by public companies, according to a study of commercial real estate ownership by public companies authored by Prudential Real Estate Investors.The study, "Update: Tracking Public Market Commercial...

July 29, 1999 ROCHESTER, N.Y. – Home Properties (NYSE: HME) paid $32.3 million, or $39,200/unit for a portfolio of four communities, with a total of 825 units, in the suburbs of Philadelphia, Pa. The REIT said the portfolio...

July 29, 1999 PALO ALTO, Calif. – Essex Property Trust Inc. (NYSE:ESS) said funds from operations for the second quarter ended June 30 rose to $16.7 million, or 81 cents/share on a diluted basis, from $14.3 million, or...

July 29, 1999 SALT LAKE CITY – JP Realty Inc. (NYSE: JPR) said its affiliated operating partnership, Price Development Co. LP, completed a $95 million private placement with two institutional investors.Price Development issued 3.8 million of its 8.95...