July 27, 1999 ST. AUGUSTINE, Fla. – Robert H. Nazarian, former treasurer of Northwest Airlines Inc., has been named executive vice president and chief financial officer of Florida East Coast Industries (NYSE:FLA).Florida East Coast, a regional freight railroad,...

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...

ROCKVILLE, Md. – Washington Real Estate Investment Trust (NYSE:WRE) said funds from operations for the second-quarter ended June 30 rose to $13.4 million, or 38 cents/share, from $12 million, or 34 cents/share, a year ago.Net income was $8.8...

July 26, 1999 BETHESDA, Md. -- First Washington Realty Trust declared a quarterly common stock dividend of 48.75 cents/share payable Aug. 15 to shareholders of record Aug.1In addition, the REIT set a preferred stock dividend of 60.94 cents/share,...

SAN DIEGO – Price Enterprises Inc. (Nasdaq: PREN, PRENP) said funds from operations for the second quarter ended June 30 was unchanged at $10.6 million.The REIT did not disclose per-share figures, but said the weighted average number of...

July 26, 1999 BETHESDA, Md. – First Washington Realty Trust Inc. (NYSE: FRW) said funds from operations for the second-quarter, ended June 30, rose to $10.1 million, or 59 cents/share, from $8.1 million, or 55 cents/share the year...