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 16, 1999 3rd-Qtr 999-mos 99Net Income $0.7 mln $5.2 mlnNet/shr$0.18 $1.35 Revenue$1 mln $3 mln
November 16, 1999 DALLAS – Prentiss Properties Trust has broken ground on a 195,000-square-foot office building in Austin, Texas.The $31 million office building, Barton Skyway II, has been 69 percent pre-leased to Aptis Software (75,449 square feet for...
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 15, 1999 By Brad Berton, VertiNews.com Contributing EditorJust as it was merging into Health Care Property Investors (NYSE:HCP) earlier this month, American Health Properties Inc. paid about $20 million, or $225/sf, for an 89,000-square-foot medical office building...
November 15, 1999 Chastain Capital Corp. (NasdaqNM:CHAS) has filed a Form 10-Q with the SEC.
November 15, 1999(NewsTraders.com) -- Winston Hotels Inc. (NYSE:WXH) received a hospitable welcome today in new coverage from Friedman Billings analyst Merrill Ross, who set his rating on the stock at "accumulate."Ross projected a target in the $9-to-$10 range,...
November 15, 1999 NEW YORK – Tarragon Realty Investors Inc. (NASDAQ:TARR) received $43.5 million of mortgage financing for three Florida apartment complexes it developed in a venture with Rohdhouse Investments.ARCS Commercial Mortgage originated a $34 million mortgage through...
November 15, 1999 Redwood Trust Inc. (NYSE:RWT) has filed a Form 10-Q with the SEC.
November 15, 1999 By Debra Beachy, VertiNews.com CorrespondentHOUSTON – Hines is constructing a 40-story office building in Houston for Enron, an energy company.The 1.2-million-square-foot Enron office building will sit on a full city block across from the company's...
November 15, 1999 ProLogis Trust (NYSE:PLD) has filed a Form 10-Q with the SEC.
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