August 5, 1999 BOSTON – Berkshire Realty Co. Inc. (NYSE: BRI) reported funds from operations for the second quarter ended June 30 of $16.6 million or 32 cents/share on a diluted basis compared to $14.6 million or 28...

August 5, 1999 CONSHOHOCKEN, Pa. – Kranzco Realty Trust (NYSE: KRT), a retail real estate investment trust in the western suburbs of Philadelphia, said it sold a Connecticut shopping center and four other properties for a total of...

August 5, 1999Feds indict labor leaderChicago Sun-Times, August 5 CHICAGO –John Serpico, 68, of Lincolnwood faces charges of racketeering, fraud and money laundering for allegedly receiving $5 million in bad loans and sharing in almost $334,000 in kickbacks...

August 5, 1999 NEW YORK – Jeffrey M. Brown Associates Inc. has been awarded a $50 million contract to construct Mack-Cali Realty Corp.'s new Harborside Financial Center in Jersey City, N.J.The construction includes a three-story, 150,000-square-foot office building...

August 5, 1999NASHVILLE – Prison Realty Trust Inc. (NYSE: PZN) received a $350 million term loan, bolstering its borrowing capacity.The owner and operator of correctional facilities said the new term loan bears a variable rate of interest pegged...

August 5, 1999By Morris Newman, VertiNews.com CorrespondentWESTLAKE VILLAGE, Calif. – A pair of West Coast developers have started construction on the $50-million, 327,474-square-foot Westlake North Business Park in this city on the Los Angeles-Ventura County border. The 18-acre...

August 5, 1999 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE: CLI) said funds from operations for the second quarter ended June 30 rose to $60.7 million or 82 cents/share on a diluted basis from $54.2 million or 76...

August 5, 1999 Job growth slows but remains strongDallas Morning News, August 5DALLAS – A slowdown in second-quarter job growth hasn't knocked Dallas-Fort Worth off the list of the nation's top employment centers. For the 12 months ended...

August 5, 1999 HARTFORD (AP) – A Manchester lawyer has admitted that he didn't tell authorities about bankruptcy fraud committed by two figures in the Colonial Realty scandal. Mark Pagani's plea came yesterday in Hartford federal court. The...

August 5, 1999 BALA CYNWYD, Pa. – Corporate Office Properties Trust (NYSE:OFC) said it leased all 120,000 square feet of an office building it is constructing in Annapolis Junction, Md., to Ameritrade Holding Corp.Corporate Development Services, a subsidiary...

August 5, 1999NEW PORT RICHEY, Fla. –MobileVest Inc. (OTC:MOBV) said it agreed to pay $5 million for a mobile-home park in Leesburg, Fla., that has 265 sites for both single- and double-wide homes.The purchase will add $680,000 in...

August 5, 1999 LOS ANGELES – Oakwood Corporate Housing, which leases fully furnished apartments to extended-stay travelers, has purchased Great West Corporate Housing, a unit of Simpson Housing LP of Denver.Terms of the deal were not disclosed. But...

August 5, 1999 Forest plan would hurt ski area expansion plansColorado Springs Gazette-Telegraph, August 5VAIL, Colo. – The U.S. Forest Service?s proposed master plan on the White River National Forest would freeze the area zoned for current and...

August 5, 1999NEWTON, Mass. – HRPT Properties Trust (NYSE: HRP) reported funds from operations for the second quarter ended June 30 of $62.4 million or 44 cents/share, compared to $54.8 million or 44 cents/share for the same period...

August 5, 1999SILVER SPRING, Md. – Humphrey Hospitality Trust Inc. (NASDAQ:HUMP) said funds from operations for the second-quarter ended June 30 rose to $1.7 million or 32 cents/share, on a diluted basis, from $1.5 million or 31 cents/share...

August 5, 1999 By Paul Gereffi, VertiNews.com CorrespondentCarrAmerica Realty Corp. (NYSE:CRE) recently leased 22,000 square feet at its Peninsula Executive Center in Boca Raton, Fla., to Ericsson Inc., pushing the occupancy level of the building to 71 percent.Although...

August 5, 1999 ROSEBURG, Oregon - After sitting dormant for nearly two years, Roseburg's Starlite Drive-In movie has a new owner. The Cow Creek Band of the Umpqua Indian tribe has purchased the drive-in, and agreed to not...

August 5, 1999PASADENA, Calif. – Alexandria Real Estate Equities Inc. (NYSE: ARE) reported funds from operations for the second quarter ended June 30 of $9.6 million or 70 cents/share on a diluted basis versus $7.2 million or 60...

August 5, 1999By Chris Kahn PHOENIX (AP) - Federal prosecutors had until the end of today to ask the 9th U.S. Circuit Court of Appeals to reverse its decision to throw out former Gov. Fife Symington's criminal convictions....

August 5, 1999 PASADENA, Calif. – Alexandria Real Estate Equities Inc. (NYSE:ARE) said it signed 13 leases during the second quarter ended June 30, for 177,000 square feet of space at ten properties.Of that total, eight leases for...

August 5, 1999MEMPHIS, Tenn. – Mid-America Apartments (NYSE: MAA) sold four apartment communities with 1,134 units to a venture it has with Blackstone Real Estate Advisors for $33.3 million.The REIT actually recovered $30.5 million from the sale. The...

August 5, 1999 NEW YORK – New Plan Excel Realty Trust Inc. (NYSE:NXL) declared a common stock dividend of 40.75 cents/share, up from 40.5 cents/share, payable Oct. 15 to shareholders of record Oct. 1.In addition, the REIT declared...

August 4, 1999 Atlanta ranks among the top most active office construction markets in U.S.Atlanta Journal-Constitution, August 4ATLANTA – According to a 44-city midyear report by Oncor International, demand for office space is stronger in metro Atlanta than...

August 4, 1999 CARY, N.C. – Konover Property Trust Inc. (NYSE: KPT) said funds from operations for the second quarter ended June 30 was $9.3 million, or 27 cents/share, versus $5.4 million or 31 cents/share the same period...

August 4, 1999DALLAS (AP) – Elvis left the building a long time ago and now it appears that the building that once housed the Velvet E, a tacky shrine to the late entertainer, may be leaving as well....