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 26, 1999 RICHMOND, Va. – Cornerstone Realty Income Trust Inc. (NYSE: TCR) completed its merger with Apple Residential Income Trust Inc. Under the merger, Apple shareholders received 0.40 of a share of Cornerstone $25 Series A convertible...

July 26, 1999 One of Moscow's biggest eyesores, the Intourist Hotel, may soon be a thing of the past after City Hall announced it will hold a tender for bidders interested in taking over the site and building...

July 26, 1999 DALLAS (AP) – As part of the $24-million deal to buy a minority interest in the Dallas Mavericks, Dallas-based Belo Corp. obtained a 6.19-percent nonvoting interest in The Arena Group, the partnership formed by the...

July 26, 1999 AUSTIN, Texas (AP) – When Shelly Davis moved to Austin last year, the reality of finding a one-bedroom apartment hit hard. "One bedroom is totally out of the question," said Davis, a doctoral student in...

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,...

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 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...

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, 1999Designs on a new city center Austin American Statesman, July 26AUSTIN – For about 10 months, city leaders and Computer Science Corp. executives have been working toward developing seven downtown blocks near Town Lake that would...

July 26, 1999 FORT WORTH, Texas – Crescent Real Estate Equities Company (NYSE:CEI), one of the nation's largest real estate investment trusts, said today that certain subsidiaries have agreed in principle to sell its equity and debt interests...

July 26, 1999Developers plan mall renovation in depressed LA areaLos Angeles Business Journal, July 26PANORAMA CITY, Calif. – Socially Responsible Investing LLC of Toluca Lake, CA paid $10.3 million for a 197,000-square-foot shopping center in this small city...

July 26, 1999 ATLANTA – Abrams Industries Inc. (Nasdaq: ABRI) said its Abrams Properties Inc. unit paid $9 million for Crossroads Square Shopping Center in Jacksonville, Fla.The company plans to redevelop the 174,000-square-foot community shopping center using proceeds...

July 26, 1999Opponents of 31st Street hotel circulate referendum petition The Virginian-Pilot, July 26VIRGINIA BEACH – Opponents of a new $50 million hotel-retail complex on the beach have collected more than 2,000 of the 17,000 necessary signatures to...