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,...

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 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 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...

July 22, 1999 Former Days Inn prepares for new lifeDetroit Free Press, July 22DETROIT – In another sign of downtown Detroit's revival, the former Days Inn will reopen late this year under a new name and owner several...

July 22, 1999 DENVER – Asset Investors Corp. (NYSE: AIC) said June 30 second quarter net income was $687,000, or $0.12 a share, compared with year-earlier net $627,000, or $0.12 a share.Six month net income was $1,229,000, or...

July 22, 1999 SEATTLE (AP) – In an interview with CNNfn anchor Beverly Schuch, Chuck Barbo, co-founder and CEO of Shurgard Storage Centers talks about the evolution of his company. The following is an edited transcript of the...

July 22, 1999VALENCIA, Calif. – The Newhall Land and Farming Co. (NYSE:NHL) reported a sharp decline in second-quarter earnings, to $12.7 million, or $0.40 per share, compared with $45.7 million, or $1.31/share the year before.The drop in earnings...

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...