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 15, 1999 NEWPORT BEACH, Calif.– Health Care Property Investors Inc. (NYSE: HCP) said it completed $62 million of health care real estate investments during the second quarter.For the six months ended June 30, 1999, the company completed...

July 15, 1999 DENVER – Merrill Lynch Capital Markets has signed on to CyberLoan, the on-line commercial real estate submission network operated by FinancingSource.Com of Denver.Like E-Loan for the residential market, CyberLoan matches incoming loan applications with the...

July 15, 1999PHOENIX (AP) – A date was set today for the bankruptcy trial of former Gov. Fife Symington, who is accused of defrauding a group of union pension funds. U.S. Bankruptcy Judge George Nielsen ordered that the...

July 15, 1999 ROCHESTER, N.Y. – Home Properties (NYSE: HME) said the State of New York Division of Housing and Community Renewal will provide it with $13.6 million of low-income housing tax credits over 10 years and $4.2...

July 15, 1999 NEW YORK – AMREP Corp. (NYSE:AXR) reported April 30 fiscal fourth quarter net income of $3,621,000, or $0.49 per share, compared with year earlier earnings of $1,020,000, or $0.14 per share. Revenues increased 54 percent...

July 15, 1999 ATLANTA – Roberts Realty Investors Inc. (Amex: RPI) said it has hired Eastdil Realty Co. to market three apartment complexes in the Atlanta area.The three properties contain a total of 693 units and were constructed...

July 15, 1999 Board rejects office plan for five pointsThe Bradenton Herald, July 15SARASOTA, Fla. – A proposed 14-story office tower in downtown Sarasota was dealt at least a temporary setback by the city's Planning board. The Five...

July 15, 1999By Paul Gereffi, VertiNews CorrespondentFORT LAUDERDALE, Fla. – The tightest market in Broward County industrial space in years is putting a crimp on business expansion, but could be a lucrative opportunity for builders. "This is the...

July 15, 1999 CHARLOTTE, N.C. – Summit Properties Inc.(NYSE: SMT) reported an increase in second-quarter funds from operations to $17.6 million, or 54 cents per share, from $14 million, or 49 cents/share the year before.Latest operating results reflect...

July 15, 1999LOS ANGELES – The Government of Armenia said it obtained a court order against Hellenic Telecommunications Organization (OTE), the Greek telephone company, to seize the shares held by OTE in ArmenTel, the Armenian telephone company. The...

July 15, 1999KING OF PRUSSIA, Pa. – Universal Health Realty Income Trust (NYSE: UHT) reported second-quarter funds from operations of $5.4 million, or 60 cents a share, up from $4.9 million, or 55 cents/share the year before.For the...

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.,...