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....

July 28, 1999 SAN FRANCISCO– TriNet Corporate Realty Trust Inc. (NYSE:TRI) said funds from operations for the second quarter ended June 30 rose to $24.6 million or 94 cents a share on a diluted basis, from $21.8 million...

July 28, 1999 ATLANTA – IRT Property Co. (NYSE: IRT) said funds from operations (FFO) for the second quarter ending June 30 increased to $10.5 million (29 cents/share), compared to $9.7 million (28 cents/share) for the same period...

SAN MATEO, Calif. – Glenborough Realty Trust Inc. (NYSE:GLB) said funds from operations for the second quarter ended June 30 rose to $21.8 million or 61 cents/share, on a diluted basis, from $19.4 million or 56 cents/share.Net income...

July 28, 1999SAN FRANCISCO– TriNet Corporate Realty Trust Inc. (NYSE:TRI) said it realized a $1.3 million pre-tax profit when it sold the Olympus America headquarters on Long Island to HRPT Properties Trust (NYSE:HRP).TriNet had acquired the 270,000-square-foot property...

July 28, 1999 WASHINGTON,D.C. – MeriStar Hotels & Resorts (NYSE: MMH)said it has been named to manage the Dallas/Park Cities Hilton Hotel, which is under construction.The 224-room hotel is located at 5954 Luther Lane at the intersection of...

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,...