November 17, 1999The Bank of America Center soldTulsa World, November 17TULSA, Okla. – Bank Tower Limited Partnership has paid $9.5 million for the Bank of America Center, which contains 284,000 square feet of office space and a seven-story...

November 17, 1999 Koger Equity Inc. (AMEX:KE) has filed a Form 8-K with the SEC.

November 17, 1999 CUPERTINO, Calif. – Mission West Properties Inc. paid $7.2 million, or $92/sf, for a 77,700-square-foot research and development property in San Jose, Calif.The property is fully leased to Cisco Systems through June 2004.It was purchased...

November 17, 1999 By Genaro C. Armas, Associated PressPHILADELPHIA – For more than eight years, the burned-out remains of One Meridian Plaza stood out as an eyesore among Center City's skyscrapers, a bad reminder of a blaze that...

November 17, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $1.9 mln$1.6 mln $6.9 mln $6 mln FFO/shr (diluted) $0.24 $0.22 $0.83 $0.79 Extra Gain (Loss) – ($0.6 mln) ($0.2 mln) ($0.9 mln) Net Income (Loss)$2.6 mln ($1.2 mln) $4.3...

November 17, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $6.2 mln$2.9 mln $21.9 mln $20.2 mln FFO/shr (diluted) $0.22 $0.09 $0.77 $0.59 Net Income $5.4 mln $2.2 mln $19.5 mln $19.2 mln Net/shr$0.19 $0.07 $0.68 $0.57 Revenue$15.2 mln $17.2...

November 17, 1999 3-mos 99 Pro Forma9-mos 99 Pro FormaFFO$1.6 mln $4.3 mln FFO/shr (diluted)$0.25 $0.67 Net Income$0.4 mln $0.9 mln Net/shr$0.15 $0.39 Lease Revenue$1.9 mln $3.5 mln

November 17, 1999 Go To Original Price Talk.Chase Commercial Mortgage Securities Corp., 1999-2ClassAmount($mln)Sub. Level(%)RatingS&PRatingDuff & PhelpsAvg.LifeSpread(BP)BnchMarkA-1105.926.5AAAAAA5.5+100.5Treas.A-2469.326.5AAAAAA9.83+119.25Treas.B4121.25AAAA9.98+141.25Treas.C37.116.5AA9.98+159.25Treas.D11.715A-A-9.98+181.25Treas.E27.411.5BBBBBB9.98+235Treas.F11.710BBB-BBB-9.98+315Treas.X782.7*--AAAAAA9.46+360**Treas.* Notional Amount** At 100% Constant Prepayment Rate

November 17, 1999 An investment team led by Praedium Fund has sold 50 Broadway, a 342,000-square-foot office building in downtown Manhattan for $46 million, according to the Wall Street Journal.Praedium, an opportunistic investment fund operated by Credit Suisse...

November 17, 1999 Shuwa Investments has agreed to sell 1330 Avenue of the Americas in Midtown Manhattan to Despa, the largest real estate fund manager in Germany, for close to $200 million, or $400/sf, according to the Wall...

November 17, 1999 NEW YORK – A partnership between Cargill Financial Services and Lighthouse Real Estate Ventures Inc. has paid about $50 million, or $134/sf, for 100 William Street in lower Manhattan.The building was purchased from BlackAcre Capital...

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

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

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...