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 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, 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 PALM BEACH GARDENS, Fla – Correctional Properties Trust (NYSE:CPV), a prison REIT, today announced funds from operations of $3.4 million, or 48 cents per diluted share, on rental revenues of $5.1 million for the quarter...

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 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...

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...