July 22, 1999 CRANFORD, N.J. – Mack-Cali Realty Corp. said it paid $32.2 million, or $190.50/sf, for a Washington, D.C., office building.The REIT purchased the building, 1201 Connecticut Ave., NW, from Value Enhancement Fund, an opportunistic investment fund...

July 22, 1999 DENVER - Commercial Assets Inc. (AMEX: CAX) reported funds from operations for the quarter ended June 30 of $1.2 million, or $0.11/share, compared with $1.2 million, or $0.11/share the year before.Net income was $734,000, or...

July 22, 1999 FARGO, N.D. (AP) – Fargo's Varistar Corporation says it plans to acquire the trucking operations of another company, the E-W Wylie Corporation. The purchase price has not been disclosed. Varistar says the real estate development...

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 21, 1999Cushman Realty Corp. has named Eric L. Olofson II senior vice president and managing director of the firm's West Los Angeles office.Olofson joined the firm's West Los Angeles office in 1991 and most recently played a...

July 21, 1999 DENVER – Asset Investors Corp. (NYSE: AIC) declared a second quarter dividend of $0.25 per share, payable Aug. 19 to holders of record Aug.5. Asset Investors is a Denver-based REIT that owns and manages manufactured...

July 21, 1999Construction to Resume on Health CenterFt. Worth Star Telegram, July 21 FORT WORTH – Work is expected to resume this week on the Tarrant County Hospital District's beleaguered center southwest health center, a JPS Health Network...

July 21, 1999 MALVERN, Pa. (VertiNews) – Liberty Property Trust will announce its second quarter earnings before the market closes on Monday, July 26. An analyst conference call will be held Tuesday, July 27 at 2 p.m. Eastern...

July 21, 1999 GLENVIEW, Ill. – Town officials yesterday approved the sale of a 13.5-acre parcel to Dominick's Finer Foods.The company plans to develop and anchor a retail center at the site. Dominick's is owned by Pleasanton, Calif.-based...

July 21, 1999 CUPERTINO, Calif. -- Mission West Properties, Inc. (AMEX/PCX: MSW) reported funds from operations of $14 million, or $0.17 per diluted common share, in the quarter ended June 30. Revenues totaled $20.8 million.Funds from operations for...

July 21, 1999 NEW YORK – PNC Real Estate Finance has provided a $40 million line of credit to Corporate Property Associates 12, a REIT that specializes in the triple-net leasing of commercial and industrial real estate to...

July 21, 1999 DALLAS – Prentiss Properties Trust (NYSE: PP) said second quarter net income was $16.4 million, or $0.39 a share, compared with year-earlier net of $19.1 million, or $0.44 a share. Revenues rose to $73.9 million...

July 21, 1999Marriott built at Baltimore Inner HarborThe Baltimore Sun, July 21BALTIMORE – H&S Properties Development Co. has broken ground on a Courtyard by Marriott in the Inner Harbor area, the first major hotel project in downtown in...

July 21, 1999 CHICAGO – CenterPoint Properties Trust (NYSE: CNT) said second-quarter funds from operations rose to $0.72 per share from $0.63/share last year.Net income before special items dipped to $6.8 million or $0.36/share from $7.5 million, or...

July 21, 1999 SAN FRANCISCO – AMB Property Corp. (NYSE: AMB) said net income for the June 30 second quarter was $43.3 million, or $0.48 a share, compared with year-earlier net of $28 million, or $0.33 a share....

July 21, 1999Office tower gets new tenantThe Boca Raton News, July 21BOCA RATON, Fla. – A new office tower in Boca Raton's Mizner Park just landed its largest tenant. The Boca Raton branch of New York's Bear Stearns...

July 21, 1999 DEL MAR, Calif. – American Residential Investment Trust, Inc. (NYSE: INV) said it declared a second quarter dividend of $0.25 per share, up from $0.20 in the first quarter. The latest declaration is payable July...

July 21, 1999 Multiplex is planned for old UPS compound Daily News, July 21BROOKLYN, N.Y. – Brooklyn developer Forest City Ratner wants to build a 120,000-square-foot entertainment/retail center at the 9-acre former UPS site at Merrick Blvd. near...

July 21, 1999 BALTIMORE - Prime Retail Inc. declared a common stock dividend of $0.295 per share payabl Aug. 16 to shareholders of record Aug. 2. The REIT also declared dividends on its Series C cumulative redeemable preferred...

July 21, 1999 Belkin trumps Royal Host's bid for CHIP REITThe National Post, July 21TORONTO – A group headed by financier Stuart Belkin has made a $100-million bid to control Canadian Hotel Income Properties (CHIP) Real Estate Investment...