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 26, 1999 ATLANTA – Abrams Industries Inc. (Nasdaq: ABRI) said its Abrams Properties Inc. unit paid $9 million for Crossroads Square Shopping Center in Jacksonville, Fla.The company plans to redevelop the 174,000-square-foot community shopping center using proceeds...

July 26, 1999Opponents of 31st Street hotel circulate referendum petition The Virginian-Pilot, July 26VIRGINIA BEACH – Opponents of a new $50 million hotel-retail complex on the beach have collected more than 2,000 of the 17,000 necessary signatures to...

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 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 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...