July 29, 1999South Bronx, Manhattan projects get go-aheadNew York Daily News, July 29SOUTH BRONX, N.Y. – After almost a year of political infighting and delay, the wheels were finally rolling yesterday for $59 million in 13 new projects...

July 29, 1999 CARY, N.C., – Konover Property Trust Inc. (NYSE: KPT) is launching truefinds.com, an online shopping site that will allow retailers at the REIT's properties to market their wares through the internet.Because truefinds.com will operate as...

July 29, 1999Marriott's earnings rise, citing higher room revenues, cost cuttingThe Baltimore Sun, July 29BETHESDA, Md. – Host Marriott Corp.'s second quarter earnings were up 6 percent compared with the same period last year. The company attributed the...

July 29, 1999 By Morris Newman, VertiNews.com CorrespondentTHOUSAND OAKS, Calif. – Burke Real Estate Group of Santa Ana, Calif. opened the $14-million, 140,000-square-foot Grande Vista Business Park with 11 of 22 buildings already sold or in escrow.The business...

July 29, 1999 HOUSTON – Weingarten Realty Investors (NYSE: WRI) paid about $40 million for six industrial properties and joint venture partner PaineWebber's interest in a New Mexico shopping center.Weingarten bought PaineWebber's 77% interest in De Vargas shopping...

July 29, 1999 SCOTTSDALE, Ariz.– Franchise Finance Corp. of America (NYSE: FFA) has provided a $112.2 million forward commitment to CSK Auto Inc., which plans to use the debt to build 94 auto-parts stores.Under the agreement, FFCA will...

July 29, 1999Central City neighborhood may get Pick 'n SaveMilwaukee Journal Sentinel, July 28MILWAUKEE – A 7-acre site af N. Teutonia and W. North avenues has tentatively been selected for the development of a Pick 'n Save supermarket....

July 29, 1999 8,000 may be laid off at CompaqHouston Chronicle, July 29HOUSTON – Battered by weak sales, rising expenses and falling prices for its products, Compaq Computer Corp. lost big money in the second quarter and its...

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...

July 29, 1999 WASHINGTON – LaSalle Hotel Properties (NYSE: LHO) said it received from GE Capital a $46.5 million loan secured by two hotels in Bloomington, Minn., and Dallas.The 10-year financing carries a fixed interest rate of 8.1...

July 29, 1999Burbank Airport Authority to pay Lockheed for 130 acresLos Angeles Times, July 29BURBANK, Calif. – In a move that may signal the end of lawsuits and infighting among three neighboring cities that control the Burbank-Glendale-Pasadena Airport...

July 29, 1999 FORT WORTH, Texas – Crescent Real Estate Equities Co. (NYSE:CEI) said it would conduct a conference call to discuss its second quarter earnings on July 30 at 11:00 a.m. EDT. Call (800) 642-1384. A taped...

July 29, 1999 RICHMOND, Va. – United Dominion Realty Trust (NYSE:UDR) said funds from operations for the second quarter ended June 30 rose to $40 million, or 35 cents/share on a diluted basis, from $35.3 million, or 33.6...

July 29, 1999Gulf-front land boosts St. Joe Co.The Orlando Sentinel July 29JACKSONVILLE – In the past two years, Jacksonville-based St. Joe Co. has evolved from an agricultural, paper products and transportation giant to one of the largest real...

July 29, 1999 Taps open again for capital spendingThe Globe and Mail, July 29TORONTO – Companies and governments have opened the taps again on their capital spending budgets, a change that means the Canadian economy as a whole...

July 29, 1999 NEW PORT RICHEY, Fla. – MobileVest Inc. (OTC:MOBV) has named Steve McConihay, the former president of mortgage firm Signature Financial Services, chief executive and president.MobileVest is in the process of placing privately up to $40...

July 28, 1999 ATLANTA – IRT Property Co. (NYSE: IRT) said funds from operations (FFO) for the second quarter ending June 30 increased to $10.5 million (29 cents/share), compared to $9.7 million (28 cents/share) for the same period...

SAN MATEO, Calif. – Glenborough Realty Trust Inc. (NYSE:GLB) said funds from operations for the second quarter ended June 30 rose to $21.8 million or 61 cents/share, on a diluted basis, from $19.4 million or 56 cents/share.Net income...

July 28, 1999SAN FRANCISCO– TriNet Corporate Realty Trust Inc. (NYSE:TRI) said it realized a $1.3 million pre-tax profit when it sold the Olympus America headquarters on Long Island to HRPT Properties Trust (NYSE:HRP).TriNet had acquired the 270,000-square-foot property...