July 13, 1999 ROCKVILLE, Md. - (AP)- Rockville-based real estate investment trust Criimi Mae is asking a bankruptcy court for another two months to file a reorganization plan. The mortgage firm indicated it's in negotiations with an unidentified...

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%...

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, 1999Quebecor buys out rival printerMontreal Gazette, July 13 MONTREAL-Quebecor Printing Inc. became the world's largest commercialprinter after agreeing to pay $2.7 billion (US) for Greenwich, Conn.-basedWorld Color. Pierre Karl Peladeau, president of parent company QuebecorInc., acknowledged...

July 13, 1999 Trammell Crow plans Denver multi-use project at Hampden, I-225 Rocky Mountain News, July 13 DENVER – Trammell Crow Co., a Dallas-based development company, will unveil a new housing, office and retail development Monday at Hampden...

July 12, 1999NEEDHAM HEIGHTS, Mass. – Meditrust Corp. (NYSE: MT) declared a 46 cents/share common share dividend, payable on August 16 to shareholders of record on July 30.

July 12, 1999 Georgetown incinerator work begins The Washington Business Journal, July 12WASHINGTON – Developers have broken ground on the $150 million redevelopment of the Georgetown incinerator site. Millennium Partners, Bovis Construction and EastBanc are planning to build...

July 12, 1999Another 3,800 jobs disappear in Ottawa-HullThe Ottawa Citizen, July 12OTTAWA – The Ottawa-Hull region saw its largest one-month job loss in nearly a year in June, with 3,800 jobs disappearing. The unemployment rate jumped from 7...

July 12, 1999Rappaport hunts for development siteBoston Business Journal, July 12BOSTON – Jerome Rappaport Jr. is eyeing an undisclosed site in the city for a possible $300 million mixed-use development that would be heavy on office space but...

July 12, 1999A boom in building constructionSt. Petersburg Times, July 12ST. PETERSBURG, Fla. – Total building construction in 1999 is expected to break the $30 billion mark in Florida for the first time, a 12 percent increase over...

By John Covaleski, Commercial Real Estate Direct Staff WriterThe U.S. House of Representatives has passed a bill that would extend the federal terrorism insurance backstop for 15 years. But the bill is still far from becoming law."The work's...

A venture between Hampton Partners and Inland West Real Estate Partners has purchased a 780,000-sf portfolio of former Albertsons grocery stores in Colorado. The venture, which operates as Hampton Retail Investors, purchased the 17 properties from Albertsons, which...

By John Covaleski, Commercial Real Estate Direct Staff WriterThe U.S. House of Representatives has passed a bill that would extend the federal terrorism insurance backstop for 15 years. But the bill is still far from becoming law."The work's...

Interstate Hotels & Resorts has agreed to acquire three hotels with 835 rooms from Blackstone Group.The Arlington, Va., hotel company has formed a venture with Investcorp that will pay $71.5 million for two properties, the 321-room Hilton Seelbach...

Jordan J. Metzger, formerly of Herrick Feinstein, has joined Akin Gump Strauss Hauer & Feld as partner in its real estate and finance practice in New York.Metzger's focus will be on representing owners and developers of investment properties...

A venture between Hampton Partners and Inland West Real Estate Partners has purchased a 780,000-sf portfolio of former Albertsons grocery stores in Colorado. The venture, which operates as Hampton Retail Investors, purchased the 17 properties from Albertsons, which...

Interstate Hotels & Resorts has agreed to acquire three hotels with 835 rooms from Blackstone Group.The Arlington, Va., hotel company has formed a venture with Investcorp that will pay $71.5 million for two properties, the 321-room Hilton Seelbach...

Jordan J. Metzger, formerly of Herrick Feinstein, has joined Akin Gump Strauss Hauer & Feld as partner in its real estate and finance practice in New York.Metzger's focus will be on representing owners and developers of investment properties...

Commercial Real Estate Direct Staff ReportA venture between USAA Real Estate Co. and Lewis D. Freidland has raised $410 million for an industrial property investment fund.The fund, Cobalt Industrial REIT II, is pursuing light industrial property, including development...

Freddie Mac has provided $200 million of financing for Abacus Capital Group, allowing the New York investment manager to fund the acquisition of apartment properties. Abacus, founded three years ago by Benjamin Friedman, Gregory Lyden and Kyle Ellis,...

Commercial Real Estate Direct Staff ReportA venture between USAA Real Estate Co. and Lewis D. Freidland has raised $410 million for an industrial property investment fund.The fund, Cobalt Industrial REIT II, is pursuing light industrial property, including development...

Commercial Real Estate Direct Staff ReportAssociated Estates Realty Corp. has placed its entire affordable housing portfolio, comprised of 12 Ohio properties with 1,254 units, on the sales block.The Cleveland REIT said it expected to sell the properties within...

Commercial Real Estate Direct Staff ReportCarr Properties has acquired the 94,170-square-foot Cox Communications office building in Herndon, Va., from Falcon Real Estate Investment Co. The property, at 3080 Centerville Road near Route 28 and the Dulles Toll Road,...

Commercial Real Estate Direct Staff ReportAssociated Estates Realty Corp. has placed its entire affordable housing portfolio, comprised of 12 Ohio properties with 1,254 units, on the sales block.The Cleveland REIT said it expected to sell the properties within...

Commercial Real Estate Direct Staff ReportCarr Properties has acquired the 94,170-square-foot Cox Communications office building in Herndon, Va., from Falcon Real Estate Investment Co. The property, at 3080 Centerville Road near Route 28 and the Dulles Toll Road,...