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 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 28, 1999 FT. WORTH, Texas – Crescent Operating Inc. (Nasdaq:COPI), an affiliate of Crescent Real Estate Equities Co. (NYSE: CEI), has agreed to sell its equity interests in American Airlines Center, the new Dallas sports arena development,...

July 28, 1999 HOUSTON – United Investors Realty Trust (Nasdaq:UIRT) has completed construction of its 56,000-square-foot Lake St. Charles Shopping Center in Tampa. In addition, United Investors said it bought the Spring Shadows Albertson's Center in Houston.The Lake...

July 28, 1999SCOTTSDALE, Ariz. – Franchise Finance Corp. of America (NYSE: FFA), provided $15 million of financing to fund Miltenberger Oil Co.'s purchase of 13 convenience stores/gasoline outlets, two truck stops and other assets from Jump Oil &...

July 28, 1999 By Alice Ann LoveAssociated Press Writer WASHINGTON (AP) – Federal Reserve Chairman Alan Greenspan said today that Congress "probably would be better off" delaying a tax cut. He noted the uncertainty of projecting future government...

July 28, 1999 NEW YORK – Glimcher Realty Trust (NYSE:GRT) said it has lined up 165 tenants for its Jersey Gardens mall in Elizabeth, N.J.About 90 percent of the 1.3 million-square-foot mall is now leased. Major retail tenants...

July 28, 1999 'Nice' developer has a following Bergen Record, July 28LONG BEACH ISLAND, N.J. – He works without the support of a foreman or a back office, sometimesemploys the very people who paid him to build their...

July 28, 1999 Subdivision plans jolt 'quiet' PrincetonDallas Business Journal, July 28PRINCETON, Texas – When the huge, 3,200-home subdivision called Princeton Meadows is built out over the next 20 years, this small city just east of McKinney could...

July 28, 1999Royal Oak developer expands complexDaytona Beach News-Journal July 28ORANGE CITY, Fla.– A developer that salvaged a once-derelict office complex off US Highway 17-92 has been so successful he is going to expand the project. Ted Glasrud...

July 28, 1999 NEEDHAM HEIGHTS, Mass. – Meditrust Cos. (NYSE: MT) reported funds from operations for the second quarter, ended June 30, of $84.6 million or 60 cents/share on a diluted basis compared to $62.3 million or 61...

July 28, 1999Year-old gaping hole remains open for development near Temple U. The Philadelphia Daily News, July 28PHILADELPHIA – Two years after breaking ground and one year after stopping construction, a $1 million taxpayer-funded ditch near Temple University...