July 27, 1999 GRAMERCY, La. (AP) – About 80 permanent workers will be laid off as a result of a series of explosions July 5 at the Kaiser Aluminum and Chemical Corp. plant here. Kaiser said on Monday...

July 27, 1999 ARLINGTON, Va. – Charles E. Smith Residential Realty Inc. (NYSE:SRW) said second-quarter funds from operations was $18 million or 81 cents/share, up from $14.2 million or 73 cents/share in the same quarter last year.Net income...

July 27, 1999 ARCHDALE, N.C. (AP) – Unifi Inc. will shut down its covered-yarn facility here, a move that will affect 236 production and management jobs, company officials said. Archdale officials said Monday the closing of the 122,573-square-foot...

July 27, 1999SAN FRANCISCO – Thomas Hester, a former senior manager with E&Y Kenneth Leventhal has joined The McMahan Group, a real estate strategic consulting firm.Hester will be responsible for helping the firm's clients implement strategies developed with...

July 27, 1999 MALVERN, Pa. – Liberty Property Trust (NYSE: LRY) reported that funds from operations ("FFO") for the second quarter of 1999 increased to $51.6 million ($0.71 per share) from $42.6 million ($0.64 per share) for the...

July 27, 1999 ST. AUGUSTINE, Fla. – Robert H. Nazarian, former treasurer of Northwest Airlines Inc., has been named executive vice president and chief financial officer of Florida East Coast Industries (NYSE:FLA).Florida East Coast, a regional freight railroad,...

July 27, 1999BEVERLY HILLS, Calif. – Kennedy-Wilson Inc. (NASDAQ: KWIC) said second-quarter earnings rose to $930,000, or 11 cents/share, from $202,000, or 3 cents/share in the same period last year.Revenue for the quarter, which ended June 30, rose...

July 27, 1999 PALO ALTO, Calif. – Essex Property Trust Inc. (NYSE:ESS) said it completed construction of Park Hill at Issaquah, Wash., a 245-unit complex. The complex is already 95% leased. It is owned by a joint venture...

July 27, 1999 TORONTO – TrizecHahn Corp. said second-quarter funds from operations rose to $80.1 million, or 49 cents/share on a fully diluted basis, from $66 million or 41 cents/share the year before.Net income for the quarter, which...

July 27, 1999Ford Credit office cutting back Buffalo operationsBusiness First of Buffalo, July 27BUFFALO – Ford Motor Credit Co.'s Buffalo field office is being scaled back in a strategic plan that creates eight regional centers in North America...

July 27, 1999 Concert hall could create club clashHouston Business Journal, July 27HOUSTON – In an attempt to fill the void created by the closing of Rockefeller's, a local night club owner is building a 500-seat concert venue...

July 27, 1999Coconut Creek site back on marketSouth Florida Business Journal, July 26COCONUT CREEK, Fla.-– Wayne Huizenga has put an 84-acre slice of Coconut Creek back on the market after a deal for the site fell through. Huizenga...

July 27, 1999 BETHESDA, Md. – Host Marriott Corp. (NYSE: HMT) said second quarter funds from operations rose to $152 million or 48 cents/share on a fully diluted basis, from $115 million or 47 cents/share the same period...

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...

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 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,...

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, 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...