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 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 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, 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 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, 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, 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, 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 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...

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....