RECENT NEWS
Northeast Regional Digest, July 19
July 19, 1999 For Thompson Street, a new boutique hotel New York Times, July 18NEW YORK – Another boutique hotel is rising — the $25 million, 12-story hostelry called 60 Thompson, named after its address between Spring and...
Bedford Property Investors Announces $24 Mln of New Acquisitions in Western States
July 19, 1999 LAFAYETTE, Calif. -- Bedford Property Investors, Inc. (NYSE: BED) announced five new acquisitions. In Arizona, the Company purchased two properties: --On June 4, 1999, a new single story, 57,913 square foot back office building was...
First Industrial to Develop 1.3 Mln /sf of Projects For Tenneco and Tractor Supply
July 19, 1999 CHICAGO—First Industrial Realty Trust, Inc. (NYSE: FR) said it won two major contracts for build-to-suit development projects. Combined, the projects total 1.3 million square feet, representing a total investment of $33.3 million. The companies that...
Bedford Property 2nd Qtr Net $0.70/shr vs $0.35/shr
July 19, 1999 LAFAYETTE, Calif. – Bedford Property Investors Inc. (NYSE: BED) reported second-quarter net income before gains from sales and an extraordinary item of $8.6 million, or $0.70/share, compared to $7.9 million or $0.35/share the prior year.Rental...
Western Regional Digest, July 19
July 19, 1999 RREEF Funds buys $80 Mln portfolio in L.A. areaLos Angeles Business Journal, July 19LOS ANGELES – San Francisco-based RREEF Funds has purchased a portfolio of 1.3 million square feet in 48 buildings on behalf of...
Landauer Exec in NY Moves to Holliday, Fenoglio
July 19, 1999Dan Gorczycki, who handled property sales and mortgage placements at Landauer Associates has taken a job with Dallas-based Holliday, Fenoglio & Fowler, a subsidiary of Amresco. He begins as director of new loan production at Holliday's...
Colonial Properties Trust 2nd Quarter Per Share FFO $0.77 vs $0.71
July 19, 1999 BIRMINGHAM, Ala. -- Colonial Properties Trust said its funds from operations (FFO) for the quarter ended June 30 rose to $0.77 per share from $0.71 per share. First half FFO per share rose to $1.50...
Mills Corp. Targets California, Europe for Expansion
July 19, 1999 By Michael White, AP Business WriterLOS ANGELES (AP) – Mills Corp. is targeting California and Europe in an ambitious plan that seeks to dot the landscape of two continents with entertainment-oriented shopping centers. Best known...
Virtuallender.com Adds Commercial Loan Programs
July 19, 1999 SAN BRUNO, Calif. -- Virtuallender.com, Inc. (OTC BB:VLDC), an online mortgage lender, said it soon will include commercial loan programs on its website (www.virtuallender.com).Virtuallender.com said the focus product will be a program for commercial loans...
QVC Plans $70 Mln Warehouse in North Carolina
July 19, 1999ROCKY MOUNT, N.C. (AP) – QVC, the cable television shopping channel plans to build a distribution center in Edgecombe County that will generate 800 new jobs.QVC says the $70 million center will be its fourth in...
First Union Real Estate Investments Plans to Sell Six Regional Malls For $195.5 Mln
July 19, 1999 CLEVELAND -- First Union Real Estate Investments (NYSE:FUR) said it agreed to sell six of its southwest regional malls to a joint venture of Whitehall Street Real Estate LP XI, a real estate fund sponsored...
BancBoston Robertson Stephens Analysts Predict 2nd Qtr Industry Earnings Up 10-11 Percent
July 19, 1999 SAN FRANCISCO – BancBoston Robertson Stephens said its senior real estate analysts, Jay P. Leupp and Robert L. Levy, are predicting a stable environment and strong performance for the commercial real estate industry's second quarter...
New Plan Excel Realty Trust Issues $175 million In Unsecured Notes
July 19, 1999 NEW YORK--New Plan Excel Realty Trust, Inc. (NYSE:NXL) announced two note issues totaling $175 million.The first consists of $150 million of unsecured, 10-year fixed rate notes with a coupon of 7.4%. Underwriters are Salomon Smith...
Duke-Weeks Adds 248-Acre Emerald Valley Property To Its Holdings
July 19, 1999 CLEVELAND -- Duke-Weeks Realty Corp. said that it expanded its Cleveland area holdings with the addition last week of a 248-acre Emerald Valley industrial park property. Located outside the Village of Glenwillow, near Cleveland, the...
St. Joe Gets Okay for Florida Development
July 19, 1999JACKSONVILLE, Fla.– The St. Joe Co. (NYSE:JOE) said the Walton County, Florida, Board of County Commissioners approved the first phase of St. Joe's proposed resort and residential community, WaterColor, located on the Gulf of Mexico in...
Duke-Weeks Plans Spec Development in Tampa, Orlando
July 19, 1999 INDIANAPOLIS – Duke-Weeks Realty Corp. said it has started building a speculative office building in eastern Tampa and a distribution facility in Orlando, Fla.The office building, Highland Oaks II will contain 125,000 square feet. It...
CarrAmerica Sets Earnings Release, Conference Call For Aug. 6
July 19, 1999 WASHINGTON -- CarrAmerica Realty Corp. (NYSE: CRE) said it will release second quarter earnings on Friday, Aug. 6, prior to market opening. CarrAmerica will conduct a conference call to discuss the second quarter the same...
Mid-Atlantic Regional Digest, July 19
July 19, 1999Fidelity Bond & Mortgage files for Chapter 11Philadelphia Business Journal, July 19BLUE BELL, Pa. – A mortgage banking operation that Republic First Bancorp Inc. bought into in May 1998 and wrote off as a loss within...
Archstone Completes $100 Mln Share Buyback
July 19, 1999 DENVER – Archstone Communities (NYSE: ASN) said it has completed its $100 million share repurchase program.The company repurchased 5.04 million of its common shares at an average price of $19.78 per share. Archstone has 139.21...
Southeast Regional Digest, July 19
July 19, 1999 Huge one-story office site proposedTriangle Business Journal, July 19DURHAM – Hamilton Merritt Co. has started construction on a 120,000-square-foot office building that will be the largest single-story office building- ever built in the Research Triangle...
Boston Health Firm Buys Logan Outpatient Center
July 19, 1999HINGHAM, Mass. – Occupational Health & Retirement Inc. announced today that it has acquired the Logan International Health Center from the East Boston Neighborhood Health Center Corp. "The center is an outpatient service, and the beauty...
Midwest Regional Digest, July 19
July 19, 1999 Siemens, Navistar plan S.C. plantThe Detroit News, July 17AUBURN HILLS, Mich. – Siemens Automotive will team with truck manufacturer Navistar International to build a $100-million plant in Richland County, S.C., that will employ up to...
Canadian Regional Digest, July 19
July 19, 1999 Booming builders: Broccolini construction is on track for first $100-million yearMontreal Gazette, July 19 MONTREAL – Fifty years being founded by Italian immigrant who began building cottages around Montreal, Broccolini Construction is on pace to...
Western Regional Digest
July 16, 1999Adidas expands its plans for N. Portland The Oregonian, July 15PORTLAND, Ore. - Adidas America Inc. has significantly expanded plans for its new headquarters in North Portland. "Adidas Village," as company executives have dubbed it, will...
Northeast Regional Digest
July 16, 1999Central Park S. Hotel sold for $62 MlnNew York Daily News, July 16NEW YORK – Bass Hotels & Resorts, the British company that owns the Holiday Inn and Inter-Continental hotel chains, has purchased the Westin Central...
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