August 5, 1999 Building boom? Yup!Montreal Gazette, August 5MONTREAL – A quiet building boom has hit the city. The value of building permits for the first six months of 1999 was $426.6 million, a 16 percent increase over...

August 5, 1999Community -development firms best to help Winston-Salem Winston-Salem Journal, August 5WINSTON-SALEM, N.C. – At a time when presidential candidates are talking about the need to switch from government programs to faith-based community groups, Goler Memorial AME...

August 5, 1999Allfirst reports `solid' 2nd QtrThe Baltimore Sun, August 5BALTIMORE – Allfirst Financial Inc., formerly First Maryland Bancorp, reported its second-quarter net income declined to $37.6 million in 1999 compared to $47.5 million for the same period...

August 5, 1999 BIRMINGHAM, Ala. – Colonial Properties Trust (NYSE: CLP) said it priced $82.5 million of unsecured debt that was placed by Merrill Lynch and Lehman Brothers.The medium-term notes were issued in two tranches: A $57.5 million...

August 4, 1999Delaware, Ohio(AP)- With Columbus City Council wavering on its commitment to a tax-increment plan for the Polaris area, Delaware County Auditor David Yost has stopped sending the city real estate taxes generated by the plan. He's...

August 4, 1999 CHICAGO – General Growth Properties Inc.(NYSE: GGP) said funds from operations for the second quarter ended June 30 rose to $40.4 million or 94 cents/share from $28.4 million or 79 cents/share the same period last...

August 4, 1999 Texas Health chain files for bankruptcyDallas Morning News, Aug. 4DALLAS – Texas Health Enterprises, the state's second largest nursing home chain, filed forfederal bankruptcy protection Tuesday, blaming its woes on inadequate government reimbursements and an...

August 4, 1999New Times Square restaurant planned New York Daily News, August 4NEW YORK – Joe Franklin, the schmaltzy talk show host and celebrity nostalgia guru, is taking his walk down Memory Lane — to Times Square. Franklin,...

August 4, 1999Growth-control plan's foes seek ordinary givers' help in Suffolk The Virginian-Pilot, August 4SUFFOLK – Opponents of the city's growth-control plan are turning from deep-pocketed developers and landowners to ordinary residents to pay for their next battle....

August 4, 1999 DALLAS – Wyndham International Inc. (NYSE:WYN) has added the post of chairman to James D. Carreker, its current chief executive.Carreker, 52, was named chief executive last February when Wyndham said it would merge with Patriot...

August 4, 1999 Region's bid for $2-Bln chip plant still strongOttawa Citizen, August 4OTTAWA – Ottawa and Montreal are emerging as leaders in the quest to attract a $2-billion chip-fabricating plant to be built by a giant Taiwanese...

August 4, 1999 NEWPORT BEACH, Calif. – First Golf Corp., a unit of CEC Properties Inc. (OTC: CECI) said it was awarded an $11 million contract to develop and construct two 18-hole courses in the Pueblo of Pojoaque,...

August 4, 1999 SAN DIEGO – Burnham Pacific Properties Inc. (NYSE: BPP) said its venture with the California Public Employees' Retirement System completed its $246 million acquisition of 12 retail centers from AMB Property Corp.The properties, encompassing 2...

August 4, 1999Equity simplifies office leasesChicago Sun-Times, August 4 CHICAGO – Equity Office Properties Trust has introduced a simplified lease that cuts out legalese and concedes certain points of contention. Click Here to View Full StoryCourt bursts former...

August 4, 1999CLEVELAND – First Union Real Estate Investments (NYSE:FUR) said it completed the $24.8 million sale of the Fairgrounds Square Mall in Reading, Pa., to GP Properties LP, an affiliate of Jager Management Inc. of New Jersey.Separately,...

August 4, 1999King Soopers to anchor Brighton mallDenver Rocky Mountain News, August 4DENVER – The new, $14.5-million Palizzi Marketplace in Brighton, a Denver suburb, will be anchored by a King Soopers grocery, according to Denver developer Jim Sullivan....

August 4, 1999 SAN FRANCISCO – AMB Property Corp. (NYSE: AMB) said it plans to funnel the proceeds of its recently completed sale to BBP Retail into distribution centers near large airports and major transportation centers.BPP Retail, a...

August 4, 1999 DALLAS – Seattle has begun to lag the nation when it comes to growth in apartment rental rates, according to Axiometrics Inc., a Dallas research firmThe city's average rental rate grew an anemic 2 percent...

August 4, 1999 NEW YORK – SL Green Realty Corp. said funds from operations for the second quarter ended June 30 rose to $15.8 million or 59 cents/share from $9.6 million or 46 cents/share for the same period...

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....

August 4, 1999 SANTA MONICA, Calif. – National Golf Properties Inc. (NYSE:TEE) said it lined up a $200 million revolving credit facility and a $100 million five-year term loan that is unsecured, from a group of lenders that...

August 3, 1999 BIRMINGHAM, Ala. – Colonial Properties Trust (NYSE: CLP) leased 18,337-square-feet of Colonial Plaza in downtown Birmingham, Ala., to SouthTrust Corp.SouthTrust is relocating its credit and loan review offices to the 182,000 sf office building, which...

August 3, 1999 Phoenix hotel owner petitions to block subsidized hostelsArizona Republic, August 3PHOENIX – Fighting to stop construction of two city-financed rival hotels, Phoenix hotelier Steve Cohn is funding a second petition drive to get those deals...