November 8, 1999 By Morris Newman, VertiNews.com CorrespondentFONTANA, Calif. – Principal Capital Management of Des Moines, Iowa, plans to build an 817,750 sf distribution center in Fontana, Calif.The company claims the project is the "largest industrial speculative building...

November 8, 1999 CLEVELAND – Associated Estates Realty Corp. (NYSE:AEC) said it received consents from holders of more than a majority of the $177.5 million balance of its senior and medium-term notes.The REIT had proposed paying $975 for...

November 8, 1999Timing is crucial for Midtown Atlantic Steel projectAtlanta Journal-Constitution, November 8ATLANTA – Charlie Brown's CRB Realty Associates is teaming up with Jacoby Development to turn the vacant Atlantic Steel site into a $2 billion mixed-use development....

November 8, 1999 ARLINGTON, Va. – Charles E. Smith Residential Realty Inc. (NYSE:SRW) has acquired a 1,339-unit apartment complex in the South Beach section of Miami Beach in a deal valued at $85 million.Smith effectively acquired the private...

November 8, 1999Loblaw's grocery store opens in-store health clubThe National Post, November 8TORONTO – The GoodLife Fitness Club in the Loblaw's in west Toronto has already attracted more than 450 memberships since opening in October. The club is...

November 8, 1999 Equity One Inc. (NYSE:EQY) has filed a Form 8-K/A with the SEC.

November 8, 1999 NEW YORK – Starwood Hotels & Resorts Worldwide (NYSE:HOT) was advised on the sale of the Ritz-Carlton Kansas City by Sonnenblick-Goldman Co.The hotel was sold to Maritz, Woff & Co., a St. Louis investment firm,...

November 8, 1999 ALEXANDRIA, Va. – AvalonBay Communities Inc.(NYSE:AVB) raised $135.2 million from the sale of properties.The $135.2 million worth of properties sold are The Pointe (Fairfield, Calif.) for $23.8 million in July; Avalon at Willow Lake (Indianapolis)...

November 8, 1999 PALO ALTO, Calif. – Essex Property Trust Inc. (NYSE:ESS) has sold the Casa del Mar apartment complex in Pasadena, Calif., for $10.7 million, or $111,500/unit.The sale results in a $3.1 million gain over a 28-month...

November 8, 1999 G&L Realty Corp. (NYSE:GLR) has filed a Form SC 13E4/A (Amended Issuer Tender Offer Statement) with the SEC. The filing refers to G&L's stock repurchase plan.

November 8, 1999 INDIANAPOLIS – The management and directors of Duke-Weeks Realty Corp. (NYSE:DRE) have purchased $31.8 million of the REIT's common shares on the open market over the last several weeks.The purchases were financed with personal loans...

November 8, 1999 Lincoln Investment Management provided $32 million of fixed-rate financing for the Harbor Oaks Apartments, a 474-unit complex in Sacramento, Calif.The permanent financing was arranged by L.J. Melody & Co., a unit of CB Richard Ellis...

November 5, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $8.4 mln$7.6 mln $23.7 mln $21.2 mln FFO/shr (diluted) $0.50 $0.44 $1.43 $1.25 Net Income $7.6 mln $4.2 mln $20.4 mln $12.4 mln Net/shr$0.46 $0.24 $1.23 $0.73 Revenue$24.3 mln $21.5...

November 5, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $11.6 mln$10.2 mln $34.5 mln $31.5 mln FFO/shr (diluted) $0.38 $0.35 $1.14 $1.08 Net Income $8.8 mln $10 mln $25.8 mln $23.9 mln Net/shr$0.29$0.34 $0.85 $0.82 Revenue$18.9 mln $15.8 mln...

November 5, 1999Associated PressHuntsville, Ala. – Target Stores will build a distribution center in Limestone County, Ala., near the Tennessee border. The 1.2 million-square-foot warehouse and distribution center will serve 100 Southeastern stores and eventually create 800 jobs....

November 5, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98Extra Gain (Loss) – ($25.3 mln) – ($25.3 mln)Net Income (Loss) $6.1 mln ($23.5 mln) ($80.9 mln) ($18.4 mln) Net (Loss)/shr$0.05 ($0.61) ($1.06) ($0.49) Revenue$60.8 mln $38.5 mln $164.4 mln $98.3...

November 5, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $53.7 mln$53.5 mln $160.6 mln $146.8 mln FFO/shr (diluted) $0.73 $0.68 $2.13 $1.96 Net Income $39.4 mln $36.4 mln $116 mln $111 mln Net/shr$0.45 $0.37 $1.31 $1.25 Revenue$194.7 mln $165...

November 5, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $10 mln$7.9 mln $28.5 mln $21.4 mlnFFO/shr (diluted) $0.72 $0.62 $2.09 $1.76 Net Income $4.9 mln $5.1 mln $15.8 mln $14.5 mln Net/shr$0.36 $0.40 $1.16 $1.19 Revenue$22.4 mln $15.8 mln...

November 5, 1999 Health Care Property Investors Inc. (NYSE:HCP) has filed a Form 8-K (Current Report) with the SEC.

November 5, 1999 Boston Properties (NYSE:BXP) has filed Form 10-Q with the SEC.

November 5, 1999 ATLANTA – Archstone Communities Trust has sold its Cameron Forest Apartments, located in the northwest Atlanta suburb of Marietta, to Investors Realty Group for an undisclosed price. Archstone, a Denver-based national real estate investment trust,...

November 5, 1999 Associated PressSARASOTA, Fla. – John Strickroot Jr., former general counsel to the Culverhouse Trust, has been dismissed as president of the Palmer Ranch real estate development, according to a lawsuit accusing him of misusing funds.The...

November 5, 1999 Thunderbird retail outlets closeToronto Star, November 5VANCOUVER – Ten Thunderbird Bath and Kitchen retail outlets in British Columbia and Alberta have been closed since corporate owner, B.C.-based Corona Home Products Ltd., filed for bankruptcy Wednesday...

November 5, 1999Highwoods to sell office buildingsOrlando Sentinel, November 5ORLANDO – Highwoods Properties of Raleigh, N.C., will sell 21 office buildings in Orlando and Tampa, Fla., by the end of the year. The price will be $165.3 million...

November 5, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98Net Income $4.6 mln $10.1 mln $6.3 mln $10.9 mln Net (Loss)/shr$0.22 $0.48 $0.30 ($1.07) Revenue$307 mln $273.8 mln $817.4 mln $704.2 mln Shrs outst.21.2 mln 21.1 mln 21.1 mln 19.9...