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...

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...

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...

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 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...