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 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%...

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 13, 1999 Corporate downsizing clouds St. Paul's development futureMinneapolis Star-Tribune, July 13ST. PAUL – Losing up to 900 jobs at the St. Paul Companies won't stop downtown St. Paul's overall revitalization, Mayor Norm Coleman promised on Monday....

July 13, 1999Lowcountry enjoying economic boomSpartanburg Herald-Journal, July 12CHARLESTON (AP)-- The Charleston Metro Chamber of Commerce predicted today that the area will continue its boom. Among other measures of the area's economic prosperity commercial construction is up 28...

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 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...

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...

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...