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, 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 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...