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...

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...

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...

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...

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...

July 16, 1999 CHICAGO – Equity Office Properties Trust (NYSE: EOP) said it paid Holder Properties Inc. $70.8 million for Prominence in Buckhead, an office building in Atlanta.Equity Office, which is controlled by financier Sam Zell, had agreed...

July 16, 1999 NEW YORK (AP) – Treasury bond prices were higher at midday. The price of the Treasury's main 30-year bond was up 3/8 point, or $3.75 per $1,000 in face value, around midday, while its yield...

July 16, 1999 Seagarden Inn Sold to Alabama NativeThe News-Journal, July 16DAYTONA BEACH SHORES, Fla.-Two long-time area hotel investors have sold the 144-room Seagarden Inn. The hotel at 3161 S. Atlantic Avenue sold for $4.7 million to Springfield...

July 16, 1999One Columbus draws $51.5 Mln Business First, July 16COLUMBUS, Ohio – Equity Office Properties Trust of Chicago has sold the One Columbus office building downtown for $51.5 million to Atlanta-based Lend Lease Real Estate Investments Inc....

July 16, 1999 PHILADELPHIA – Pennsylvania Real Estate Investment Trust (NYSE: PEI) declared a $0.47/share quarterly dividend payable Sept. 15 to shareholders of record Aug. 31.

July 16, 1999Federated met with Eaton's landlordsThe Toronto Globe and Mail July 16TORONTO – Federated Department Stores Inc.--owner of Macy's and Bloomingdale's—is considering taking over 15 to 28 stores from the struggling T. Eaton Co. Ltd. Peter Sharpe,...

July 16, 1999POMPANO-Lefmark Florida Inc., the Miami developer that has pumped millions of dollars into South Florida shopping center projects, may soon announce a new addition to its portfolio --the beleaguered Pompano Square Mall in Pompano Beach.Robert Shapiro,...

July 16, 1999CUPERTINO, Calif. – Mission West Properties Inc. (Amex: MSW) said its underwriters, A.G. Edwards & Sons, Legg Mason Wood Walker Inc. and Sutro & Co., have exercised their option to buy 930,000 additional shares of the...

July 16, 1999 KENNETT SQUARE, Pa. – ElderTrust (NYSE: ETT) declared a second-quarter dividend of $0.365/share payable on August 13 to shareholders of record July 30. Since commencing operations in January 1998, ElderTrust has acquired direct and indirect...

July 16, 1999 ANCHORAGE – (AP) – Construction has begun on an expanded cargo handling facility at Anchorage International Airport. Contractors started pouring concrete yesterday for the first of five jumbo-jet parking spaces at the Alaska CargoPort --...

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...

July 16, 1999 By Michelle Rushlo (AP)PHOENIX – Testimony on whether former Gov. Fife Symington defrauded union pension funds could have taken just days, but the reversal of his criminal convictions means it will take considerably longer, says...

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...

July 16, 1999MIAMI – LNR Property Corp. (NYSE: LNR) declared a quarterly cash dividend of $0.0125 per common share and $0.01125 per Class B common share.Both dividends are payable on Aug. 16, to shareholders of record on Aug....

July 16, 1999 Oil discovery called largest ever in GulfThe Dallas Morning News, July 16DALLAS – BP Amoco PLC and Mobil Corp. said Thursday they have discovered an oilfield in the Gulf of Mexico with recoverable reserves of...

July 16, 1999NEW YORK – Chase Manhattan has provided a $50 million fixed-rate mortgage on the Capitol Square office complex in Sacramento, Calif.The property is owned by the California Public Employees' Retirement System and contains 616,730 square feet...

July 16, 1999Southern shopping center, at Wards Corner, is soldThe Virginian-Pilot, July 16NORFOLK – Aetna Institutional Investors has sold the Southern Shopping Center for $13.5 million to a group of local investors, Southern Shopping Center LLC, a group...

July 15, 1999NORTHBROOK, Ill. – A venture led by Cargill Financial Services Corp. has purchased National City Tower, a 723,000-square-foot office building in Louisville, Ky.Cargill teamed up with M&J Wilkow Ltd. to buy the 40-story building from an...

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...