October 27, 1999 Power struggle builds at Magellan REITVancouver Sun, October 26VANCOUVER – Magellan real estate trust is facing more internal turbulence now that three securities dealers are complaining about a trustee's handling of the REIT's affairs. Ian...

October 27, 1999?3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$82.8 mln$44.7 mln$192.2 mln$126.3 mlnFFO/shr (diluted)$0.57$0.48$1.62$1.39Extra. Gain/loss????Net Income$41.5 mln$23.4 mln$98.5 mln$67.6 mlnNet/shr$0.35$0.29$1.00$0.84Revenue$175.7 mln$97.6 mln$406 mln$272.3 mlnShrs outst.145.4 mil93.3 mln118.6 mln91.3 mln

October 27, 1999 ATLANTA – Prudential Mortgage Capital Co. has provided $73.5 million of mortgage financing to Cornerstone Realty Income Trust (NYSE:TCR).The seven-year, interest-only loan carries a rate of 7.29 percent and is backed by a cross-collateralized portfolio...

October 27, 1999 G&L Realty Corp. (NYSE:GLR) has filed a Form 8-K (Current Report) with the SEC.

October 27, 1999 SL Green Realty Corp. (NYSE: SLG) has agreed to buy a significant stake in 100 Park Avenue, an 825,000-square-foot office building in Midtown Manhattan, for $192 million, or $233/sf.The building is being purchased from Prudential...

October 27, 1999 Boston Properties Inc. (NYSE:BXP) has filed Form 8-K with the SEC.

October 27, 1999 Robert A. Levine, a Long Island, N.Y., developer has turned in the winning, $38.4 million bid to buy 270 Broadway, a 371,000-square-foot office building in downtown Manhattan.The half-empty office building is being purchased from the...

October 27, 1999Associated PressJACKSONVILLE, Fla. – The St. Joe Company (NYSE: JOE) is spinning off its 54 percent share of Florida East Coast Industries to St. Joe shareholders. The plan calls for St. Joe to exchange all of...

October 27, 1999 SILVER SPRING, Md. – Humphrey Hospitality Trust Inc. (NASDAQ:HUMP) has completed its merger with Supertel Hospitality Inc. (NASDAQ:SPPR). The merged company owns 88 hotels with 6,200 units in 19 states. The properties are leased to...

October 27, 1999 SAN DIEGO – Grubb & Ellis Co. (NYSE:GBE) has been chosen by the Independent Order of Foresters to dispose of its entire U.S. real estate portfolio, consisting of 30 commercial and multi-family properties in eight...

October 27, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$20.9 mln$17.9 mln$60.3 mln$52.8 mlnFFO/shr (diluted)$0.63$0.56$1.85$1.65Extra. Gain/loss$1.0 mlnNA$57.7 mln$1.7 mlnNet Income$12.9 mln$10.7 mln$91.5 mln$33.8 mlnNet/shr$0.39$0.33$2.80 $1.06Revenue$26.4 mln$27.7 mln$68.2 mln$75.7 mlnShrs outst.32.2 mln31.6 mln32.1 mln31.6 mln

October 27, 1999 Associated PressOLDMANS, N.J. – Salem County, N.J. and PSE&G have formed a partnership to build a $100 million industrial park here that is expected to attract warehouse distribution and manufacturing firms to create thousands of...

October 27, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$21.0 mln$16.0 mln$58.0 mln$47.5 mlnFFO/shr (diluted)$0.84$0.66$2.34 $1.96Extra. Gain/loss ($0.7 mln) ($0.7 mln)Net Income$12.6 mln$7.7 mln$37.6 mln$27.5 mlnNet/shr$0.50$0.32$1.51$1.13Revenue$81.7 mln$67.7 mln$230.5 mln$180.2 mlnShrs outst.24.9 mln24.4 mln24.9 mln24.3 mln

October 27, 1999?3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$17.3 mln$15.1 mln$49.6 mln$43.1 mlnFFO/shr (diluted)$0.84$0.74$2.45$2.10Extra. Gain/loss?($0.8 mln)?($0.8 mln)Net Income$13.1 mln$6.7 mln$30.4 mln$22.2 mlnNet/shr$0.71$0.34$1.66$1.16Revenue$37.7 mln$32.7 mln$106.5 mln$92.2 mlnShrs outst.20.6 mln20.5 mln20.2 mln20.5 mln

October 27, 1999 FORT WORTH, Texas – Crescent Real Estate Equities (NYSE:CEI) said scheduling conflicts have prompted it to postpone its third-quarter earnings conference call until Nov. 10 at 10 am. The call had been scheduled for Nov....

October 27, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$44.2 mln$35.1 mln$132.2 mln$102.7 mlnFFO/shr (diluted)$0.357$0.331$1.061$1.013Extra. Gain/loss($0.2 mln) $0.3 mln($0.2 mln)Net Income$10.4 mln$8.2 mln$52.4 mln$49.0 mlnNet/shr$0.10$0.08$0.50$0.50Revenue$155.5 mln$123.5 mln$463.7 mln$346.2 mlnShrs outst.124.1 mln106.2 mln124.6 mln101.4 mln

October 27, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$7.5 mln$3.5 mln$21.3 mln$9.3 mlnFFO/shr (diluted)$0.36$0.28$1.04$0.80Extra. Gain/loss($0.6 mln)($0.023 mln)($0.6 mln)($0.023 mln)Net Income$3.5 mln$1.3 mln$10.9 mln$3.5 mlnNet/shr$0.17$0.10$0.53$0.30Revenue$22.1 mln$12.4 mln$63.8 mln$31.8 mlnShrs outst.20.9 mln12.7 mln20.6 mln11.6 mln

October 27, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO($5.6 mln)$1.8 mln($3.7 mln)$5.2 mlnFFO/shr (diluted)($1.25)$0.40($0.81)$1.11Extra. Gain/loss$6.4 mln $6.4 mln Net Income($4.3 mln)$2.4 mln($1.2 mln)$7.4 mlnNet/shr($1.56)$0.15($1.68)$0.48Revenue$8.8 mln$8.1 mln$25.5 mln$23.7 mlnShrs outst.3.9 mln4.1 mln3.9 mln4.2 mln

October 27, 1999 BEVERLY HILLS, Calif. – G&L Realty Corp. (NYSE:GLR) has taken a non-cash write-down of $6.4 million or $1.42/share against third-quarter financial results, representing an impairment of value of six New Jersey office buildings.Go to Earnings...

October 27, 1999 DENVER – Lance J. Graber, a director in the principal transactions group of Credit Suisse First Boston, has joined Apartment Investment and Management Co. (NYSE:AIV) as executive vice president of acquisitions.Prior to joining First Boston...

October 27, 1999 HRPT Properties Trust (NYSE:HRP) has filed Form 8-K with the SEC.

October 27, 1999 ATLANTA – Prudential Mortgage Capital Co. has provided a $42.2 million commercial mortgage for the Santa Rosa Mall in Fort Walton Beach, Fla.The 740,500-square-foot mall is owned by an affiliate of Jim Wilson & Associates...

October 26, 1999 NEW YORK – Kennedy-Wilson Inc. (NASDAQ:KWIC) has started marketing the Pine Forest Country Club and the Crowfield Golf and Country Club, a pair of 18-hole championship golf courses near Charleston, S.C.The Beverly Hills, Calif., real...

October 26, 1999 LOS ANGELES – Imperial Credit Commercial Mortgage Investment Corp. (Nasdaq: ICMI) said the merger consideration has increased with regard to its merger deal with Imperial Credit Industries Inc. (Nasdaq: ICII) has increased.The increase, from $11.50...

October 26, 1999 We expect most REITs (Real Estate Investment Trusts) and REOCs (Real Estate Operating Companies) in our 55 company-research-coverage area to post modestly positive results for the third-quarter 1999 earnings season.We are projecting an average-annual funds...