July 15, 1999Developer buys land near Denver's FlatIron mallDenver Rocky Mountain News, July 15DENVER – One of the largest real estate developers in the country is planning an $80 million, 360,000 square-foot shopping center and three hotels adjacent...

July 15, 1999Canada's economy in '90s: 'Truly ugly'The Ottawa Citizen, July 15OTTAWA – A leading economic think tank describes Canada's economic performance during the 1990s as "truly ugly" when compared to the boom being experienced in the United...

July 15, 1999 LOXLEY, Ala. (AP) – Ace Hardware Corp. will break ground tomorrow on a $35 million distribution facility in Loxley.The facility, the size of 16 football fields, is expected to create 325 new jobs, the mayor...

July 15, 1999Nasdaq-Amex skips Times Square big dig New York Daily News, July 15NEW YORK –The Nasdaq-Amex is shelving its plans for developing a gleaming new stock exchange and headquarters building in Times Square and has begun to...

July 15, 1999SAN FRANCISCO — Teachers Insurance is said to be negotiating to buy 88 Kearny Street, a 210,000-square-foot office building in the city's downtown.Although Teachers would not confirm or deny a deal, the San Francisco Business Times...

July 15, 1999N.Y. financier takes full control of USX Tower Pittsburgh Post-Gazette, July 13PITTSBURGH – A New York investment fund run by Wall Street financier Leon Black now controls 100 percent of USX Tower's $265 million mortgage, giving...

July 15, 1999Kansas City developers propose changes to Power & Light District plansKansas City Star, July 15 KANSAS CITY – Developers of the $454-million Power & Light entertainment district are proposing changes to the downtown revitalization plan approved...

July 15, 1999 NEW YORK (AP) -- Treasury bond prices were mixed at midday. The price of the Treasury's main 30-year bond was down 1/16 point, or 62 1/2 cents per $1,000 in face value, around midday, while...

July 15, 1999 CINCINNATI – Marriott International, in conjunction with Winegardner & Hammons, Inc., and Western and Southern Life Insurance Co. said it will build a new full-service, 295-room hotel in the Cincinnati area. Scheduled to open in...

July 15, 1999CONSHOHOCKEN, Pa. – Norman M. Kranzdorf, president and chief executive officer of Kranzco Realty Trust (NYSE:KRT) has been elected a director of privately held New America Network, Inc., Hightstown, N.J. New America is a global partnership...

July 14, 1999 $50 million hotel project OK'd The Virginia Pilot, July 14VIRGINIA BEACH – The City Council approved on a 9-2 vote a $50-million resort project, including a 300-room luxury hotel, shops and restaurants, that will reshape...

July 14, 1999 Target's owner plans second campus office siteMinneapolis-St. Paul City Business, July 12 MINNEAPOLIS – Dayton Hudson Corp. is preparing to build a new suburban home for hundreds of its back-office employees. The company has assembled...

July 14, 1999Wachovia Corp. has provided $57.7 million to developer Calvin Cafritz Enterprises to complete Farragut Center, a speculative office building in Washington, D.C.The building is one of only two speculative projects going up in Washington, according to...

July 14, 1999 HUNTSVILLE, Ala. – Colonial Properties Trust has leased 20,300 square feet at a speculative office building it is constructing in Huntsville, Ala.ADS Corp. becomes the first tenant at the 133,000-sf property, Colonial Center at Research...

July 14, 1999SACRAMENTO, Calif. – The California Public Employees' Retirement System said it bought 41 properties, valued at more than $1 billion, since the beginning of the year, making it one of the most active buyers of real...

July 14, 1999 NEW YORK – Credit Lyonnais Securities (USA) has hired Bryan A. Maher as vice president and senior analyst for the lodging and leisure industry.Maher formerly was with Deutsche Bank Alex. Brown in New York, where...

July 14, 1999NEW YORK – Wellsford Real Properties Inc. (Amex: WRP) sold a 45-acre parcel of land in Broomfield, Colo.The property was purchased by Koll Development Co. of Newport Beach, Calif., which plans to construct a 360,000-square-foot retail...

July 14, 1999 BEVERLY HILLS, Calif. – Hilton Hotels Corp. (NYSE:HLT) declared a dividend of 2 cents per share, payable Sept. 17 to stock of record Sept. 3.

July 14, 1999 SAN DIEGO – COMPS.COM (NASDAQ: CDOT) said it will introduce before year-end a new Internet commercial real estate borrower/lender matching service similar to several existing Internet residential real estate mortgage services. The company said it...

July 14, 1999Residents fight for landmark theaterNew York Daily News, July 14NEW YORK – Plans by the Heskel Group, which has been negotiating with United Artists to purchase and develop the property along 39th Ave. and Bell Blvd.,...

July 14, 1999 Orlando-based golf communities files to re-organizeOrlando Sentinel, July 14ORLANDO – Golf Communities of America Inc., an Orlando-based developer and owner of golf properties, filed for bankruptcy-court protection July 13. The company listed debts of $122...

July 14, 1999Investor buys Burbank office building from LoweLos Angeles Times, July 13BURBANK – NLP Holdings has paid $21 million for a 136,000-square-foot office building in Burbank. The property at 1935 Buena Vista St. was sold by Lowe...

July 14, 1999 Pressure to deal builds on Eaton'sMontreal Gazette, July 14 MONTREAL—With retailers beginning to gear up for the back-to-school and Christmas seasons, analysts say Toronto-based T. Eaton Co. Ltd., is under more pressure than ever to...

July 13, 1999Waterfront market gets hotNewark Star-Ledger, July 13JERSEY CITY, N.J. – SJP Properties has purchased the old Colgate toothpaste factory on the Jersey City waterfront and plans to transform it into a modern office building within just...

July 13, 1999DALLAS – Prentiss Properties Trust (NYSE: PP) announced several major leases signed in the second quarter of 1999.Moore North America, Inc., a wholly owned subsidiary of Moore Corp., Ltd., executed a 12-year lease to occupy 100%...