July 26, 1999SAN DIEGO – Burnham Pacific Properties Inc. said its board of directors voted to reject Schottenstein Stores Corp.'s unsolicited proposal to buy the outstanding stock of Burnham and the outstanding units of Burnham's operating partnership.J. David...

July 26, 1999Aging boomers create demandThe Daytona Beach News-Journal July 25DAYTONA BEACH, Fla. – The gray hair and wrinkles are increasing for the baby- boom generation and this means more demand for health care facilities. To satisfy the...

July 26, 1999Corporex plans Boston hotel/office/sports clubBusiness Courier, July 26CINCINNATI – Corporex Cos. has agreed to lease a 22-acre site in the Boston suburb of Reading, Mass., on which it will develop a hotel, office building and a...

July 26, 1999 Business confidence at a highThe Globe and Mail, July 26 TORONTO – Canadian business leaders are increasingly optimistic about sales and other performance measures, with Ontario fueling the higher expectations, a survey shows. The Dun...

July 26, 1999 SAN FRANCISCO – Morgan Stanley Dean Witter and ARCS Commercial have begun offering their commercial mortgage loans on LoopLender, an internet-based commercial mortgage origination service.Morgan and ARCS join 13 other lenders on LoopLender, a unit...

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 23, 1999 PALO ALTO, Calif. – Marcus & Millichap Real Estate Investment Brokerage Co. said it plans to appeal the split-verdict in a lawsuit filed by Alex Meruelo, a client who claims a former Marcus & Millichap...

July 23, 1999 Philadelphians upset over dorm plansThe Philadelphia Inquirer, July 23PHILADELPHIA – Center City residents are saying that the University of the Arts kept them in the dark. Click Here to View Full StoryPort Authority gets approval...

July 23, 1999 FARMINGTON HILLS, Mich. – Sun Communities, Inc. (NYSE:SUI), a REIT that owns and operates manufactured housing communities, today reported its second quarter results. On a diluted per share basis, FFO increased 8.8 percent to $0.74...

July 23, 1999Apartment rents in L.A. hit record highLos Angeles Times, July 23LOS ANGELES – Apartments rents in five Southern California Counties have risen 6.9 percent in the past year, while occupancies have swelled to an average 97.4...

July 23, 1999 BIRMINGHAM, Ala. – Colonial Properties Trust (NYSE: CLP) said that Kyle Collins was promoted to Vice President of the trust's Huntsville office division. In his new position, Collins will be responsible for the management, operations,...

July 23, 1999VAIL, Colo. – Vail Resorts Inc. (NYSE: MTN) said it plans to invest some $60 million in resort improvements for its Vail, Breckenridge, Keystone and Beaver Creek mountain resorts this year.Vail resort will get the lion's...

July 23, 1999 NEWPORT BEACH, Calif. – Impac Mortgage Holdings Inc. (Amex: IMH) will hold a conference call on July 26 at 9 a.m. PST to discuss results of its second-quarter financial results.Please call (800) 530-9601. A replay...

July 23, 1999 DENVER – Asset Investors Corp. (NYSE: AIC) said second-quarter funds from operations rose to $2.5 million, or $0.38 per share, compared to $2 million, or $0.30/share, last year. Adjusted FFO, a measure of economic profitabilitiy,...

July 23, 1999 VALENCIA, Calif. – The Newhall Land and Farming Co. (NYSE:NHL) said that it has appointed Steven D. Zimmer Vice President of its Newhall Ranch Division. Zimmer, a real estate lawyer, replaces Senior Vice President James...