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...

July 28, 1999 ATLANTA – Gables Residential Trust (NYSE: GBP) said funds from operations for the second quarter ended June 30 was $22.7 million or 69 cents/share on a diluted basis compared to $19.7 million or 66 cents/share...

July 28, 1999 BIRMINGHAM, Ala. – Colonial Properties Trust (NYSE: CLP) said its board approved a $50 million common stock repurchase program..The repurchase program comes on the heels of a similar program under which the REIT has so...

July 28, 1999TrizecHahn mulls Royal Bank propertiesThe National Post, July 28 TORONTO – TrizecHahn Corp., the Toronto-based real estate giant, is evaluating whether to buy some of the 33 properties that Royal Bank of Canada has put up...

July 28, 1999 NORTH MIAMI BEACH, Fla. – Equity One, Inc. (NYSE: EQY) said funds from operations (FFO) rose to $3.3 million ($0.31 per share) from pro forma FFO of $3.0 million ($0.28 per share) for the second...

July 28, 1999BOCA RATON, Fla. – Bluegreen Corp. (NYSE: BXG) reported net income for the first quarter ended July 4 of $4.4 million or 17 cents/share on a diluted basis, compared to $4.1 million or 17 cents/share for...

July 28, 1999 Midwest Express plans expansionMilwaukee Journal Sentinel, July 27MILWAUKEE – Midwest Express Holdings Inc. plans to add a 55,000-square-foot training facility to its headquarters building on S. Howell Ave. During an announcement Thursday, Midwest express officials...

July 28, 1999 HOUSTON – Weingarten Realty Investors (NYSE: WRI) said it is negotiating the sale of certain property which should result in proceeds of close to $59 million.The REIT said it was selling an 80% interest in...

July 28, 1999 VertiNews.com Special Reportby Paul Gereffi, VertiNews.com CorrespondentPOMPANO BEACH, Fla.– With undeveloped commercial sites shrinking in Broward County like puddles in the sun, Premier Commercial Realty of Pompano thinks it got a bargain when it bought...

July 28, 1999 BOSTON – Boston Properties Inc. (NYSE: BXP) said funds from operations for the second quarter ended June 30 rose to $48.7 million, or $0.72 per share on a diluted basis, from $38.9 million, or $0.63...