November 8, 1999 By Orest Mandzy, VertiNews.com Managing EditorVornado Realty Trust (NYSE:VNO) is marketing two suburban New York office properties that don't fit its portfolio.The Saddle Brook, N.J., REIT assumed the properties when it acquired the real estate...

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 5, 1999KANSAS CITY, Mo. – Maritz, Wolff, & Co., a private investment fund, confirmed today its purchase of The Ritz-Carlton Hotel here. Starwood Hotels and Resorts Worldwide sold the site, loacted in downtown Kansas City's Country Club...

November 5, 1999 American Health Properties Inc. (NYSE:AHE) has filed a Form 15-12B (Certification of Termination of Registration) with the SEC.

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

November 5, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $13.1 mln$11.5 mln $38.8 mln$33.4 mln FFO/shr (diluted) $0.65 $0.58 $1.93 $1.68 Net Income $7.7 mln $12.4 mln$25.6 mln $25.1 mln Net/shr$0.38 $0.58 $1.26 $1.24 Revenue$31.6 mln $29.8 mln $92.1...

November 5, 1999 Associated PressFAIRBANKS – Two Anchorage developers are joining a consortium of Native corporations to build a $16 million luxury hotel in downtown Fairbanks. Jon Rubini, a partner in J-L Properties Inc., said construction of the...

November 5, 1999 Laser Mortgage Management Inc. has filed a Form 8-K (Current Report) with theUnited States Securities and Exchange Commission.

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.