July 26, 1999 RALEIGH, N.C. – Highwoods Properties (NYSE: HIW) declared a 55.5 cent per share common stock dividend payable Aug. 18 to shareholders of record Aug. 5.The dividend is up from 54 cents/share that was paid in...

July 26, 1999Up to 850 units in 16 buildings over 15 acres New York Times, July 25NEW YORK – For 90 years, Brighton Beach Baths was a maze of pools, miniature golf, lockers and lounges for its members....

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 23, 1999 NEW YORK – Lexington Corporate Properties Trust (NYSE: LXP) declared a dividend of $0.30 per share payable Aug. 16 to shareholders of record July 30.

July 23, 1999 NEW YORK – Lexington Corporate Properties Trust (NYSE: LXP) reported funds from operations of $10 million, or $0.40/share, for the second quarter, compared to $8.3 million, or $0.35/share the year before.Revenue for the quarter, which...

July 23, 1999 Land sold in QueensNewsday, July 22QUEENS, N.Y. – The Empire State Development Corp. announced the closing of the sale of the Corona Unit of the Bernard Fineson Development Center in Queens to a private developer...

July 23, 1999 SEOUL, South Korea (AP)-- Credit banks will start breaking up South Korea's debt-ridden Daewoo conglomerate in August by selling its collateral, including real estate, and converting unpaid debt into equities, the government's top financial regulator...

July 23, 1999NASHVILLE, Tenn. – Healthcare Realty Trust Inc. (NYSE: HR) paid $9.4 million for a physician-owned medical office building on the campus of a Healthsouth Rehabilitation Hospital in Richmond, Va.The major tenant is Virginia Physicians Inc., a...

July 23, 1999 Orlando leads state in office development, leasingThe Orlando Sentinel July 23, 1999ORLANDO, Fla. – Even though The Orlando office market leads Florida, activity may slow next year when a flood of new space enters the...

July 23, 1999 PALM BEACH GARDENS, Fla – Correctional Properties Trust (NYSE:CPV), a prison REIT, today announced funds from operations of $3.4 million, or 48 cents per diluted share, on rental revenues of $5.1 million for the quarter...

July 23, 1999 Little Ceasars closes 32 storesHouston Chronicle, July 23HOUSTON – As part of a nationwide shutdown of stores, Little Caesars Pizza has closed 32 Houston-area locations, company employees said Thursday. Click Here to View Full StoryPipeline...

July 23, 1999 Cara plans $100-Mln expansionThe National Post, July 23 TORONTO – Cara Operations Ltd., whose holdings include Swiss Chalet, Harvey's and Second Cup restaurants, will spend $100 million over the next 10 months to open another...

July 23, 1999 SAN FRANCISCO – CBL & Associates Properties Inc. (NYSE: CBL) will broadcast its second-quarter earnings conference call on the internet at http://www.streetfusion.com, or at http://www.cblproperties.com on July 29 at 10:00 a.m. EDT. The online replay...

July 23, 1999 SAN FRANCISCO – Prudential Insurance Co. of America provided $50 million of construction financing to the developer of a Ritz-Carlton Hotel resort in Half Moon Bay, Calif.The proposed 260-room property, which will include a course,...

July 23, 1999 Biggest slot-machine maker opens in Detroit The Detroit News, July 23 DETROIT – In a vote of confidence for Detroit's casino industry, the world's biggest slot-machine maker has established a 15-employee sales and service facility...

July 23, 1999OXNARD, Calif.– LTC Properties Inc. (NYSE:LTC) reported second-quarter funds from operations of $12.5 million, or 44 cents per share, on a diluted basis. That compared with $11.9 million or 43 cents/share the year before.Net income was...

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,...