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...

July 23, 1999 INDIANAPOLIS – Simon Property Group Inc. (NYSE: SPG) declared a common stock dividend of $0.5050/share payable Aug. 20 to shareholders of record Aug. 6.Simon Property Group's 6.50% Series B Convertible Preferred Stock (NYSE: SPGPrB) dividend...

July 22, 1999 LOS ANGELES – Arden Realty Inc. (NYSE:ARI) reported second-quarter funds from operations of $42.8 million, or $.65 per share on a fully diluted basis, compared with $37.7 million, or $0.58 per share the year before.Net...

July 22, 1999 Bond promotion begun by PortHouston Chronicle, July 22HOUSTON – Port of Houston Authority Chairman Ned Holmes said Wednesday he plans to remove his name from the proposed Bayport Terminal to ensure a $387 million bond...

July 22, 1999 NORTHBROOK, Ill. – SPG Partners has sold the Rayovac world headquarters office building in Madison, Wisc., to American Real Estate Holdings.Terms of the transaction, which was handled by Grubb & Ellis, were not disclosed.

July 22, 1999 NEW YORK – Standard & Poor's Corp. affirmed the triple-B-plus corporate credit rating of Duke-Weeks Realty Corp. as well as the ratings on Duke Realty L.P.At the same time, Standard & Poor's raised its ratings...

July 22, 1999 DENVER – Apartment Investment and Management Co. (NYSE: AIV)declared a $0.625 per share dividend payable Aug. 13 to shareholders of record Aug. 6.

July 22, 1999 MENLO PARK, Calif. – Spieker Properties Inc. (NYSE: SPK) said it has pre-leased 88% of the Roseville Corporate Center, a 105,000-square-foot office building it is constructing.Recent leases include an 11-year, 39,000/sf deal with Prudential Insurance...

July 22, 1999 SAN FRANCISCO – First Industrial Realty Trust Inc. (NYSE: FR) is now providing an online, real-time webcast of its second quarter fiscal year 1999 earnings release conference call.The call is available starting at 11 a.m....

July 22, 1999 SOUTHFIELD, Mich. – Ramco-Gershenson Properties Trust (NYSE: RPT) reported diluted funds from operations for the second-quarter ended June 30 of $6.9 million, or $0.57/share from $5.8 million, or $0.55/share.However, net income for the latest quarter...

July 22, 1999 DENVER – Apartment Investment and Management Co. (NYSE: AIV) reported an increase in second-quarter funds from operations to $78.1 million, or $1.01/share from $44.6 million or $0.83/share.The REIT said that adjusted FFO, which it called...

July 22, 1999 PITTSBURGH (AP) – The owners of a historic wool company have a week to settle a deal that would let H.J. Heinz Co. take over its property or have the property taken for a food...

July 22, 1999 CRANFORD, N.J. – Mack-Cali Realty Corp. said it paid $32.2 million, or $190.50/sf, for a Washington, D.C., office building.The REIT purchased the building, 1201 Connecticut Ave., NW, from Value Enhancement Fund, an opportunistic investment fund...

July 22, 1999 DENVER - Commercial Assets Inc. (AMEX: CAX) reported funds from operations for the quarter ended June 30 of $1.2 million, or $0.11/share, compared with $1.2 million, or $0.11/share the year before.Net income was $734,000, or...

July 22, 1999 FARGO, N.D. (AP) – Fargo's Varistar Corporation says it plans to acquire the trucking operations of another company, the E-W Wylie Corporation. The purchase price has not been disclosed. Varistar says the real estate development...

July 22, 1999 Retail ventures are rising in East Bronx New York Times, July 22BRONX, N.Y. – In the eastern reaches of the Bronx, the healthy commercial leasing market is giving rise to new development ventures at two...

July 22, 1999Jacksonville officials state case for law schoolThe Florida Times-Union July 22JACKSONVILLE – Florida Coastal School of Law is looking in downtown Jacksonville and other areas of the city for 150,000 square feet of space for a...

July 22, 1999Six speculative sound stages open in L.A.Los Angeles Times, July 21A new kind of speculative real estate entered downtown Los Angeles this week, with the opening of six sound stages on the site of the former...

July 22, 1999 SCOTTSDALE, Ariz. – Park Plaza International LLC, an affiliate of Olympus Real Estate Corp. has purchased the Rockresort luxury brand from Rockresorts International.Terms of the deal were not disclosed. Rockresorts International is controlled by Frank...

July 22, 1999Virginia Landmark consolidates Richmond Times-Dispatch, July 22RICHMOND, Va. – Virginia Landmark Corp., one of the few remaining companies to handle both residential and commercial real estate, is merging its residential division into Bowers Nelms Fonville Long...

July 22, 1999 Region's economic boom to continueThe Ottawa Citizen, July 22 OTTAWA – The Conference Board of Canada says a current economic boom in Ottawa will continue into the next century. Ottawa and Toronto are expected to...