July 29, 1999NEW YORK (AP)– Bond prices fell sharply this morning as a government report signaled that wages are rising faster than expected, heightening inflation jitters and setting the stage for a possible increase in interest rates. Yields...

July 29, 1999 BALA CYNWYD, Pa. – Corporate Office Properties Trust (NYSE:OFC) said funds from operations for the second quarter ended June 30 rose to $7.9 million or 27 cents/share on a diluted basis, from $3.3 million or...

July 29, 1999OGDEN, Utah (AP) – The historic Eccles Building, which has been vacant for nearly three years, may finally have a new tenant. Crowne Plaza Hotels, a division of the U.K.-based Bass Hotels and Resorts, has reportedly...

July 29, 1999 Nearly a third of all malls are owned by public companies, according to a study of commercial real estate ownership by public companies authored by Prudential Real Estate Investors.The study, "Update: Tracking Public Market Commercial...

July 29, 1999 ROCHESTER, N.Y. – Home Properties (NYSE: HME) paid $32.3 million, or $39,200/unit for a portfolio of four communities, with a total of 825 units, in the suburbs of Philadelphia, Pa. The REIT said the portfolio...

July 29, 1999 PALO ALTO, Calif. – Essex Property Trust Inc. (NYSE:ESS) said funds from operations for the second quarter ended June 30 rose to $16.7 million, or 81 cents/share on a diluted basis, from $14.3 million, or...

July 29, 1999 SALT LAKE CITY – JP Realty Inc. (NYSE: JPR) said its affiliated operating partnership, Price Development Co. LP, completed a $95 million private placement with two institutional investors.Price Development issued 3.8 million of its 8.95...

July 29, 1999 WASHINGTON – LaSalle Hotel Properties (NYSE: LHO) said it received from GE Capital a $46.5 million loan secured by two hotels in Bloomington, Minn., and Dallas.The 10-year financing carries a fixed interest rate of 8.1...

July 29, 1999Burbank Airport Authority to pay Lockheed for 130 acresLos Angeles Times, July 29BURBANK, Calif. – In a move that may signal the end of lawsuits and infighting among three neighboring cities that control the Burbank-Glendale-Pasadena Airport...

July 29, 1999 FORT WORTH, Texas – Crescent Real Estate Equities Co. (NYSE:CEI) said it would conduct a conference call to discuss its second quarter earnings on July 30 at 11:00 a.m. EDT. Call (800) 642-1384. A taped...

July 29, 1999 RICHMOND, Va. – United Dominion Realty Trust (NYSE:UDR) said funds from operations for the second quarter ended June 30 rose to $40 million, or 35 cents/share on a diluted basis, from $35.3 million, or 33.6...

July 28, 1999 Midwest Express plans expansionMilwaukee Journal Sentinel, July 27MILWAUKEE – Midwest Express Holdings Inc. plans to add a 55,000-square-foot training facility to its headquarters building on S. Howell Ave. During an announcement Thursday, Midwest express officials...

July 28, 1999 HOUSTON – Weingarten Realty Investors (NYSE: WRI) said it is negotiating the sale of certain property which should result in proceeds of close to $59 million.The REIT said it was selling an 80% interest in...

July 28, 1999 VertiNews.com Special Reportby Paul Gereffi, VertiNews.com CorrespondentPOMPANO BEACH, Fla.– With undeveloped commercial sites shrinking in Broward County like puddles in the sun, Premier Commercial Realty of Pompano thinks it got a bargain when it bought...

July 28, 1999 BOSTON – Boston Properties Inc. (NYSE: BXP) said funds from operations for the second quarter ended June 30 rose to $48.7 million, or $0.72 per share on a diluted basis, from $38.9 million, or $0.63...

July 28, 1999 DENVER – Apartment Investment and Management Co. (NYSE: AIV, AIVPrK) (AIMCO) declared a dividend of $0.50 per share on its publicly-traded 8 percent Class K Convertible Cumulative Preferred Stock. The dividend is payable on August...

July 28, 1999 ATLANTA – IRT Property Co. (NYSE: IRT) declared a 23.5 cents/share dividend, payable Sept. 1 to shareholders of record Aug. 13.

July 28, 1999DENVER – Archstone Communities (NYSE: ASN) said funds from operations (FFO) increased to $70.9 million ($0.49 per share) for the second quarter ending June 30, compared with $44.5 million ($0.44 per share) for the same period...

July 28, 1999 PALM BEACH, Fla. – Innkeepers USA Trust (NYSE: KPA) reported funds from operations (FFO) rose to $21 million ($0.45 per share) in the second quarter, up from $19 million ($0.45 per share) a year ago....

July 28, 1999 SAN FRANCISCO– TriNet Corporate Realty Trust Inc. (NYSE:TRI) said funds from operations for the second quarter ended June 30 rose to $24.6 million or 94 cents a share on a diluted basis, from $21.8 million...

July 28, 1999 ATLANTA – IRT Property Co. (NYSE: IRT) said funds from operations (FFO) for the second quarter ending June 30 increased to $10.5 million (29 cents/share), compared to $9.7 million (28 cents/share) for the same period...

SAN MATEO, Calif. – Glenborough Realty Trust Inc. (NYSE:GLB) said funds from operations for the second quarter ended June 30 rose to $21.8 million or 61 cents/share, on a diluted basis, from $19.4 million or 56 cents/share.Net income...

July 28, 1999SAN FRANCISCO– TriNet Corporate Realty Trust Inc. (NYSE:TRI) said it realized a $1.3 million pre-tax profit when it sold the Olympus America headquarters on Long Island to HRPT Properties Trust (NYSE:HRP).TriNet had acquired the 270,000-square-foot property...

July 28, 1999 WASHINGTON,D.C. – MeriStar Hotels & Resorts (NYSE: MMH)said it has been named to manage the Dallas/Park Cities Hilton Hotel, which is under construction.The 224-room hotel is located at 5954 Luther Lane at the intersection of...

July 28, 1999 FT. WORTH, Texas – Crescent Operating Inc. (Nasdaq:COPI), an affiliate of Crescent Real Estate Equities Co. (NYSE: CEI), has agreed to sell its equity interests in American Airlines Center, the new Dallas sports arena development,...