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...

July 27, 1999SAN FRANCISCO – Thomas Hester, a former senior manager with E&Y Kenneth Leventhal has joined The McMahan Group, a real estate strategic consulting firm.Hester will be responsible for helping the firm's clients implement strategies developed with...

July 27, 1999 MALVERN, Pa. – Liberty Property Trust (NYSE: LRY) reported that funds from operations ("FFO") for the second quarter of 1999 increased to $51.6 million ($0.71 per share) from $42.6 million ($0.64 per share) for the...

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 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...