November 16, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98Net Income $18.9 mln $20.9 mln $76.2 mln $55.4 mln Net/shr$0.33 $0.38 $1.34 $1.01 Revenue$27.8 mln $27 mln $74.3 mln $69.7 mln Shrs outst.56.4 mln 54.5 mln 55.8 mln 54 mln

November 16, 1999 3rd-Qtr 993rd-Qtr 989-mos 99FFO $23.7 mln$23.7 mln $86.1 mln FFO/shr (diluted) $0.35 $0.35 $1.27 Extra Gain (Loss) – ($0.1 mln) – Net Income $13 mln $12.9 mln $53.5 mln Net/shr$0.19 $0.19 $0.79 Revenue$59.3 mln $56.2...

November 16, 1999 NEW YORK – Acadia Realty Trust (NYSE:AKR) paid $7.3 million for the partnership interests in Pacesetter Park Shopping Center, a 95,600-square foot shopping center in Ramapo, N.Y.The 80-percent leased property is anchored by a Grand...

November 16, 1999Precision headed for Plantation office parkSouth Florida Business Journal, November 15PLANTATION, Fla. – Miami-based Precision Response Corp. has leased 50,000 square feet in the new Crossroads II building in Plantation with plans to relocate its corporate...

November 16, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98Net Income (Loss) ($0.5 mln) ($0.9 mln) $1.3 mln $1.9 mln Net (Loss)/shr($0.10) ($0.17) $0.24 $0.37 Revenue$4.7 mln $4.5 mln $20.8 mln $24.2 mln Shrs outst.5.2 mln 5.2 mln 5.2 mln...

November 16, 1999 Armbro, Hochtief build takeover bid for BFC ConstructionThe National Post, November 16TORONTO – German-based Hochtief AG is financing a takeover bid by Armbro Enterprises Inc. which would give the two firms control of the largest...

November 16, 1999 HORSHAM, Pa. – Nationwide Life Insurance Co. provided $10.5 million of financing for two office buildings in Mansfield, Mass.The buildings, One and Two Mansfield Corporate Center, have a combined 190,400 square feet. The financing was...

November 16, 1999 Colonial Properties Trust (NYSE:CLP) has filed a Form 10-Q and a Form 10-Q/A (Amended Quarterly Report) with the SEC.

November 16, 1999 CHICAGO – GTCR Golder Rauner has committed $100 million in equity financing to start Heritage Golf Group LLC, which will buy golf resorts and daily fee facilities throughout the U.S.The commitment includes an initial investment...

November 16, 1999 Burnham Pacific Properties Inc. (NYSE:BPP) has filed a Form 10-Q with the SEC.

November 16, 1999 New Plan Excel Realty Trust Inc. (NYSE:NXL) has filed a Form 424B3 (Prospectus Filed Pursuant to Rule 424) with the SEC. The filing details pricing for a $49-million issue of medium-term notes.

November 16, 1999 Cornerstone Properties Inc. (NYSE:CPP) has filed Form 10-Q with the SEC.

November 16, 1999 AMB Property Corp. (NYSE:AMB) has filed a Form 8-K/A (Amended Current Report) with the SEC.

November 16, 1999NEW YORK – LASER Mortgage Management Inc. (NYSE:LMM) will sell about $30 million of what it called "less liquid" assets as part of its plan to reduce the volatility of its portfolio.The company, which invests in...

November 16, 1999 GMAC Commercial Mortgage will soon start shopping a $374.1 million commercial mortgage-backed securities deal backed by 30 floating-rate loans it originated.The Horsham, Pa., lender is securitizing the pool through underwriters Deutsche Banc and Goldman Sachs....

November 16, 1999 Andrew Stone has reached an agreement with Credit Suisse First Boston, paving the way for his departure from the investment bank, according to the Wall Street Journal.The newspaper quoted from a First Boston announcement that...

November 16, 1999 By Morris Newman, VertiNews.com CorrespondentIRVINE, Calif.– The law firm of Allen, Matkins, Leck, Gamble & Mallory, LLP has leased 44,290 sf at the Koll Center Irvine North Phase II. The 10-year deal is worth $15...

November 16, 1999 NEW YORK – Millennium Partners today broke ground on The Ritz-Carlton Hotel & Residences on the tip of the Manhattan in Battery Park City. The development will include a 311-unit five-star hotel, said to be...

November 16, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $23.4 mln$20.3 mln $66.7 mln $60.1 mln FFO/shr (diluted) $0.59 $0.52 $1.70 $1.53 Extra Gain (Loss) – – ($2.8 mln) ($0.4 mln) Net Income $7.5 mln $5.3 mln $19 mln...

November 16, 1999 By B.J. Lee, Asian Assets Direct CorrespondentSEOUL, South Korea - Korea Asset Management Corp., a state-run agency charged with liquidating the bad debt held by Korean companies, is sticking with its plan to set up...

November 15, 1999 Westfield America Inc. (NYSE:WEA) has filed a Form 10-Q with the SEC.

November 15, 1999 BALTIMORE – Prime Retail Inc. (NYSE:PRT) said it refinanced $55 million of debt with a two-year loan provided by an affiliate.The loan carries a rate of one-month Libor plus 6 percent. Proceeds from that loan...

November 15, 1999 By Debra Beachy, VertiNews.com CorrespondentHOUSTON – Apartment rents continued to grow in Texas' urban markets during the third quarter of 1999, according to a survey by Aptresearch.com, a Dallas real estate research firm.In Austin, home...

November 15, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $1.4 mln$1.7 mln $4.6 mln $5.9 mln FFO/shr (diluted) $0.12 $0.14 $0.38 $0.48 Net Income (Loss) ($0.3 mln) $1.1 mln $1 mln $3.4 mln Net/shr($0.02) $0.09 $0.15 $0.28 Revenue$3.9 mln...

November 15, 1999International Paper creates large office campus in MemphisMemphis Business Journal, November 15MEMPHIS, Tenn. – New York-based International Paper Company is creating a 363,000-square-foot office campus in Southeast Memphis. The company is investing $19.7-million to renovate a...