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...

July 29, 1999 Nearly a third of all malls are owned by public companies, according to a study of commercial real estate ownership by public companies authored by Prudential Real Estate Investors.The study, "Update: Tracking Public Market Commercial...

July 29, 1999 ROCHESTER, N.Y. – Home Properties (NYSE: HME) paid $32.3 million, or $39,200/unit for a portfolio of four communities, with a total of 825 units, in the suburbs of Philadelphia, Pa. The REIT said the portfolio...

July 29, 1999 PALO ALTO, Calif. – Essex Property Trust Inc. (NYSE:ESS) said funds from operations for the second quarter ended June 30 rose to $16.7 million, or 81 cents/share on a diluted basis, from $14.3 million, or...

July 29, 1999 SALT LAKE CITY – JP Realty Inc. (NYSE: JPR) said its affiliated operating partnership, Price Development Co. LP, completed a $95 million private placement with two institutional investors.Price Development issued 3.8 million of its 8.95...

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 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...

July 28, 1999 DENVER – Apartment Investment and Management Co. (NYSE: AIV, AIVPrK) (AIMCO) declared a dividend of $0.50 per share on its publicly-traded 8 percent Class K Convertible Cumulative Preferred Stock. The dividend is payable on August...

July 28, 1999 ATLANTA – IRT Property Co. (NYSE: IRT) declared a 23.5 cents/share dividend, payable Sept. 1 to shareholders of record Aug. 13.

July 28, 1999DENVER – Archstone Communities (NYSE: ASN) said funds from operations (FFO) increased to $70.9 million ($0.49 per share) for the second quarter ending June 30, compared with $44.5 million ($0.44 per share) for the same period...

July 28, 1999 PALM BEACH, Fla. – Innkeepers USA Trust (NYSE: KPA) reported funds from operations (FFO) rose to $21 million ($0.45 per share) in the second quarter, up from $19 million ($0.45 per share) a year ago....