November 10, 1999 The office market is currently in the Goldilocks phase of the real estate cycle: not too hot, not too cold, it's just right. The ongoing challenge will be to keep the market in equilibrium, by...
November 10, 1999 3rd-Qtr 99(Pro Forma)3rd-Qtr 98(Pro Forma)9-mos 99(Pro Forma)9-mos 98(Pro Forma)FFO $17.6 mln$16.7 mln $53 mln $50 mln FFO/shr (diluted) $0.68 $0.64 $2.04 $1.92 Net Income $12.1 mln $12.1 mln$36.2 mln $36.4 mln Net/shr$0.47$0.47 $1.39 $1.40 Revenue$22.6...
November 10, 1999Equity Inns Inc. (NYSE: ENN) has filed a Form 10-Q (Quarterly Report) with the SEC.
November 10, 1999 LOS ANGELES – CB Richard Ellis (NYSE:CBG)has been hired to market 17 Los Angeles Department of Water and Power properties in Los Angeles County. The properties available for sale can be viewed on the firm's...
November 10, 1999 Mack-Cali Realty Corp. (NYSE: CLI) has filed a Form 4 (Statement of Changes of BeneficialOwnership) with the SEC.
November 10, 1999 By Morris Newman, VertiNews.com CorrespondentNEWPORT BEACH, Calif. – Wattson Breevast of Newport Beach, through its affiliate Park MacArthur Associates, bought an 80,000-square-foot office complex in the John Wayne Airport area.A sales price was not disclosed,...
November 10, 1999 Macerich Co. (NYSE:MAC) has filed a Form 8-K with the SEC.
November 10, 1999 PALO ALTO, Calif. – Essex Property Trust Inc. (NYSE:ESS) has formed a joint venture with an institutional investor and Boston Financial to buy Coronado at Newport-South, a 715-unit apartment complex in Newport Beach, Calif.The venture,...
November 10, 1999 GLENDALE, Calif. – Vestar Development Co. plans to open the Glendale Fashion Center in early summer 2000. Originally opened in 1965, Glendale Fashion Center was red-tagged following massive structural damage that occurred as a result...
November 10, 1999 Crescent Real Estate Equities Co. (NYSE:CEI) said it should recover $380 million in net proceeds from the sale of certain assets, including its interest in the Dallas Mavericks. The proceeds would be net of paying...
November 10, 1999 National Golf Properties Inc. (NYSE:TEE) has filed a Form 10-Q with the SEC.
November 10, 1999 Asset Investors Corp. (NYSE:AIC) has filed a Form 10-Q with the SEC.
November 10, 1999 3rd-Qtr 993rd-Qtr 98 (Pro Forma)9-mos 999-mos 98(Pro Forma)FFO $46.1 mln$49.4 mln $146.7 mln $142.1 mln FFO/shr (diluted) $0.51 $0.54 $1.62 $1.57 Extra Gain (Loss) ($0.06 mln) – ($8.5 mln) – Net Income $29.2 mln $34.2...
November 10, 1999 DALLAS – A pension fund advised by Sentinel Acquisitions Corp. of New York has paid $17.4 million for the Eastpointe Business Center at 4005 Mendenhall Road in Memphis, Tenn.The 287,000-square-foot property was purchased from Eastpointe...
November 10, 1999 JDN Realty Corp. (NYSE:JDN) has filed a Form 10-Q with the SEC.
November 9, 1999Office space is lacking in East Atlanta VillageAtlanta Business Chronicle, November 8ATLANTA – While growth of retail and residential property has been good the East Atlanta Village neighborhood, the area has very limited office space. Currently...
November 9, 1999Allied Capital Corp. (NASDAQ:ALLC) has filed Form 497 with the SEC. The filing relates to the issuance of 751,571 common shares to an institutional investor. Allied Capital plans to use proceeds of the private placement for...
November 9, 1999 Equity Office Properties Trust has filed a Form 10-Q (Quarterly Report) with the SEC.
November 9, 1999 Chastain Capital Corp. (NasdaqNM:CHAS) has filed a Form 8-K with SEC.
November 9, 1999LeBreton Flats deal signedThe Ottawa Citizen, November 9OTTAWA – Government officials have signed a deal that could jumpstart the long-awaited development of LeBreton Flats within five years. The transfer of additional land to the National Capital...
November 9, 1999 ROCHESTER, N.Y. – Home Properties (NYSE:HME) has paid $26 million, or $60,000/unit for The Lakes Apartments, a 434-unit apartment complex in suburban Detroit.The complex consists of 24 three-story buildings that were built in 1986. It...
November 9, 1999 LOS ANGELES – Chris Ngai has joined Charles Dunn Co. as chief financial officer and director of operations. He formerly held the same posts at Daum Commercial Real Estate Services.Ngai will oversee the financial and...
November 9, 1999 Associated PressPORTLAND, Ore. – Trammel Crow Company and Bechtel Enterprises have teamed up to develop a mixed-use commercial development near Portland International Airport. CascadeStation is a 120-acre project that will have access to light rail...
November 9, 1999 FelCor Lodging Trust Inc. has filed a Form 4 (Statement of Changes ofBeneficial Ownership) with the SEC.
November 9, 1999Go To Original Price Talk in the VertiNews.com ArchiveNationsLink Funding Corp., Commercial Mortgage Pass-Through Certificates Series 1999-2Class*Amount($mln)Sub. Level (%)RatingS&PRating Duff & PhelpsRatingFitch IBCAAvg. LifeRevised Price Talk (BP)Bnch MarkA-284.627.17AAAAAAAAA3.15 +119-122Treas.A-323227.17AAAAAAAAA5.7+128-132Treas.A-4110.527.17AAAAAAAAA8.07+135-140Treas.A-1C10427.17AAAAAAAAA5.5+104-106Treas.A-2C11427.17AAAAAAAAA8.59+122-125Treas.B56.122.14AAAAAA8.9+147-150Treas.C44.918.11AAA9.05+170-175Treas.D67.312.07BBBBBBBBB9.14+235 areaTreas.X**1,115N/AAAArAAAAAA6.29+450 areaTreas.* Class A-1 tranche, at $167...
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