July 27, 1999BEVERLY HILLS, Calif. – Kennedy-Wilson Inc. (NASDAQ: KWIC) said second-quarter earnings rose to $930,000, or 11 cents/share, from $202,000, or 3 cents/share in the same period last year.Revenue for the quarter, which ended June 30, rose...

July 27, 1999 PALO ALTO, Calif. – Essex Property Trust Inc. (NYSE:ESS) said it completed construction of Park Hill at Issaquah, Wash., a 245-unit complex. The complex is already 95% leased. It is owned by a joint venture...

July 27, 1999 TORONTO – TrizecHahn Corp. said second-quarter funds from operations rose to $80.1 million, or 49 cents/share on a fully diluted basis, from $66 million or 41 cents/share the year before.Net income for the quarter, which...

July 27, 1999Ford Credit office cutting back Buffalo operationsBusiness First of Buffalo, July 27BUFFALO – Ford Motor Credit Co.'s Buffalo field office is being scaled back in a strategic plan that creates eight regional centers in North America...

July 27, 1999 Concert hall could create club clashHouston Business Journal, July 27HOUSTON – In an attempt to fill the void created by the closing of Rockefeller's, a local night club owner is building a 500-seat concert venue...

July 27, 1999Coconut Creek site back on marketSouth Florida Business Journal, July 26COCONUT CREEK, Fla.-– Wayne Huizenga has put an 84-acre slice of Coconut Creek back on the market after a deal for the site fell through. Huizenga...

July 27, 1999 BETHESDA, Md. – Host Marriott Corp. (NYSE: HMT) said second quarter funds from operations rose to $152 million or 48 cents/share on a fully diluted basis, from $115 million or 47 cents/share the same period...

July 27, 1999 Reichmanns bid to regain landmark Toronto office towerThe National Post, July 27TORONTO – A company controlled by the Reichmann family is making a bid to reclaim control of First Canadian Place, a 72-story, 2.7 million...

July 27, 1999 HOUSTON – Weingarten Realty Investors (NYSE: WRI) said funds from operations for the second quarter rose to $25.7 million or 96 cents/share on a diluted basis from $23.8 million or 89 cents/share in the same...

July 27, 1999NEW YORK – Starwood Financial Trust (ASE: APT) and TriNet Corporate Realty Trust Inc. (NYSE: TRI) filed with the SEC a joint proxy and registration statement for their pending merger.The terms of their merger remain the...

July 27, 1999 NASHVILLE, Tenn. – Healthcare Realty Trust Inc. (NYSE: HRT) increased its quarterly dividend to 54 cents/share, up from 53.5 cents/share the last quarter.The dividend is payable Aug. 16 to shareholders of record Aug. 6.The REIT...

July 27, 1999 Penske to relocate car dealership Indianapolis Star/News, July 27BROOKLYN, Ind. – During last weekend's U.S. 500 at Michigan Speedway, United Auto Group Inc. leader Roger Penske said Indianapolis' largest car dealership wants to expand service...

July 27, 1999RICHMOND, Va. – Cornerstone Realty Income Trust Inc. (NYSE: TCR), which recently completed its merger with Apple Residential Income Trust, said it renegotiated its credit facility with a group of lenders led by First Union National...

July 27, 1999By Brad Berton, VertiNews Contributing EditorBiotech giant Immunex (NADSAQ:IMNX) has leased 58,500-square-feet at 1015 Third Avenue, the original Seattle City Light headquarters that was recently renovated by Expeditors International (NASDAQ: EXPD) for its home office. Immunex,...

July 27, 1999NEW YORK – Carey Diversified LLC has received a $25 million non-recourse mortgage from Aegon USA Realty for its purchase of the worldwide headquarters of America West Holdings Corp. in Tempe, Ariz.The 225,000-square-foot building was purchased...

July 27, 1999McLEAN, Va., – Capital Automotive (Nasdaq: CARS), a finance company for automotive retail real estate, said funds from operations (FFO) for the second quarter ending June 30 rose to $10.3 million ($0.36 per basic and diluted...

July 27, 1999 NEWTON, Mass. – Hospitality Properties Trust (NYSE:HPT) said funds from operations (FFO) for the second quarter ending June 30 rose to $47.9 million ($0.93 per share), up from $38.8 million ($0.92 per share) last year.Cash...

July 27, 1999 Rand Corp. thinking of locating in PittsburghThe Pittsburgh Post-Gazette, July 27PITTSBURGH – The California think tank Rand Corp. is looking for a third location, and the Steel City is at the top of its list.Click...

July 27, 1999 DETROIT (AP)- Several young black commercial developers hold major stakes in Detroit's development projects. The developers, in their 40s and younger, are participating in the city's more than $4.5-billion commercial real estate construction. Melvin (Butch)...

July 27, 1999 Denver's Children's Hospital may be movingDenver Post, July 27DENVER – Children's Hospital board of directors has approved a feasibility study of the costs of maintaining its current location vs. finding a new one. If a...

July 27, 1999 WASHINGTON – LaSalle Hotel Properties (NYSE: LHO) said funds from operations (FFO) rose to $12.5 million ($0.68 per diluted share/unit) for the second quarter ending June 30 versus pro forma FFO of $10.2 million ($0.56...

July 27, 1999 SAN FRANCISCO – TriNet Corporate Realty Trust Inc. (NYSE:TRI) said A. William Stein, the REIT's president and chief operating officer, has resigned his posts effective Aug.1Stein said he was unwilling to relocate to New York,...

July 27, 1999 GRAMERCY, La. (AP) – About 80 permanent workers will be laid off as a result of a series of explosions July 5 at the Kaiser Aluminum and Chemical Corp. plant here. Kaiser said on Monday...

July 27, 1999 ARLINGTON, Va. – Charles E. Smith Residential Realty Inc. (NYSE:SRW) said second-quarter funds from operations was $18 million or 81 cents/share, up from $14.2 million or 73 cents/share in the same quarter last year.Net income...

July 27, 1999 ARCHDALE, N.C. (AP) – Unifi Inc. will shut down its covered-yarn facility here, a move that will affect 236 production and management jobs, company officials said. Archdale officials said Monday the closing of the 122,573-square-foot...