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 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 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...

July 21, 1999 Zone to Get $100M ParkCrain's Detroit Business, July 21DETROIT – New York-based Ashley Capital is making plans for a $100 million industrial park that would be constructed in one of the city's renaissance zones. Paul...

July 21, 1999 CB Richard Ellis has won the assignment to provide facilities management services for BankBoston Corp. and Fleet Financial Corp., both of Boston, according to the Wall Street Journal.Although no value was placed on the assignment,...

July 21, 1999 NEWPORT BEACH, Calif. – Health Care Property Investors Inc. (NYSE: HCP) increased its common stock dividend to $0.70 per share from the $0.69/share paid in the previous quarter.The dividend is payable Aug. 20 to shareholders...