November 3, 1999 By Morris Newman, VertiNews.com CorrespondentNEWPORT BEACH, Calif. – Robert W. Thagard, a veteran real estate broker in Orange County, Calif., has joined CMG Real Estate as a principal of the commercial real estate services and...

November 3, 1999 By Morris Newman, VertiNews.com CorrespondentHUNTINGTON BEACH, Calif. – Master Development Corp. of Newport Beach, Calif. has started construction of the 100,000-square-foot Skylab Corporate Center.Completion of the two-building project is is scheduled for June 2000. It...

November 3, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $14.4 mln$13.2 mln$43.5 mln$38.3 mlnFFO/shr (diluted) $0.56 $0.52 $1.69$1.53Investment Loss   $30.6 mln  $29.7 mlnNet Income $7.5 mln$36.1 mln $23.1 mln$49.4 mlnNet/shr $0.31$1.44 $0.96$2.07Revenue $38.4 mln $33.9 mln$115.3 mln$94.3 mlnShrs outst. 24.1 mln23.8 mln24 mln23.6 mln

November 3, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $14.9 mln$14.5 mln$39 mln$33 mlnFFO/shr (diluted)$0.81$0.79$2.13$2.07Extra. Loss   $1.1 mlnNet Income $7.2 mln$7.2 mln$15.6 mln $15.6 mlnNet/shr $0.42 $0.42 $0.97$1.06Revenue $24.8 mln$23.3 mln $68.2 mln $51.7 mlnShrs outst. 18.4 mln18.4 mln18.3 mln15.9 mln

November 3, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $17.5 mln$19.9 mln$57 mln$58.8 mlnFFO/shr (diluted) $0.55$0.64$1.80$1.86Extra. Loss $1.2 mln – $1.4 mln $0.1 mlnNet Income $1.8 mln$6.9 mln$12.6 mln$11.6 mlnNet/shr $0.07$0.38$0.51$0.63Revenue $67.7 mln$71.2 mln$209.4 mln$209.7 mlnShrs outst. 31.8 mln31.3 mln31.6 mln31.6 mln

November 3, 1999Northport Marketplace faces foreclosure as entertainment mall faltersSun-Sentinel, November 3FORT LAUDERDALE, Fla. – Two-year-old NorthPort Marketplace is now nearly empty, and its Chicago-based lender, La Salle National Bank, has filed suit to call in $18 million,...

November 3, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$184.4 mln$171.0 mln$550.4 mln$486.0 mlnFFO/shr (diluted)$0.63$0.61$1.89$1.73Extra. Gain (loss)($0.2 mln) ($10.5 mln)($7.5 mln)Net Income$81.6 mln$81.0 mln$247.8 mln$228.0 mlnRevenue$491.4 mln$436.3 mln$1,447.8 mln$1,210.7 mlnShrs outst.291.6 mln281.9 mln291.3 mln281.2 mln

November 3, 1999 High-tech campus set for False CreekThe Vancouver Sun, November 3VANCOUVER – Local developer Schroeder Properties and Dutch investment group ING Realty Partners are partnering to develop an eight-building, $500-million "high-tech campus" on the False Creek...

November 3, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $38.4 mln$38 mln$113.7 mln$99.4 mlnFFO/shr (diluted) $0.81$0.75$2.37$2.19Net Income $13.5 mln$14.7 mln$40.1 mln$33.2 mlnNet/shr $0.32$0.31$0.94$0.79Revenue $94.2 mln$86.5 mln$274.4 mln$236.7 mlnShrs outst. 47.4 mln50.8 mln48.1 mln45.5 mln

November 3, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $17 mln$14.4 mln $50.1 mln$41.1 mlnFFO/shr (diluted) $0.51$0.46 $1.49$1.34Net Income $17.6 mln$10.4 mln $39.8 mln $29.6 mlnNet/shr $0.52$0.33 $1.18$0.96Revenue $26.7 mln$20.6 mln $78.3 mln$56.9 mlnShrs outst. 33.6 mln31.4 mln 33.6 mln 30.8 mln

November 3, 1999 ATLANTA – Chastain Capital Corp. (NASDAQ:CHAS) completed the sale of a $21 million mezzanine loan to BankBoston for $21.8 million.As previously reported, the sale resulted in a loss of about $2.7 million, which was recognized...

November 3, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $68.9 mln$68.5 mln$223.1 mln$155.2 mlnFFO/shr (diluted) $0.91$1.03$2.94$2.98Extra. Loss– $2.5 mln$1.1 mln$3.1 mlnNet Income $23.8 mln$31.2 mln$89 mln$69.2 mlnNet/shr $0.35 $0.53$1.30$1.56Revenue $124.1 mln$108.6 mln$386.2 mln$233.5 mlnShrs outst.68.2 mln58.8 mln68.3 mln44.3 mln

November 3, 1999 PORTLAND, Ore. – Archon Group, a unit of Goldman Sachs Group (NYSE:GS), sold the Jillian Square Apartments in Fairbanks, Alaska, for $14.2 million, or $39,900/unit.The complex, the newest and largest in Fairbanks, contains 356 units....

November 3, 1999 ATLANTA – IRT Property Company (NYSE:IRT) has lined up a $100 million senior revolving credit facility from a syndicate of five banks.The syndicate was arranged by Wachovia Securities Inc., and includes Wachovia Bank, which is...

November 3, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$16.4 mln $13.8 mln $46.9 mln $38.4 mlnFFO/shr (diluted) $0.67$0.60 $1.91$1.73Net Income $9 mln $7.2 mln $25.4 mln $19.1 mlnNet/shr $0.42 $0.34 $1.17$0.96Revenue $33.9 mln $30.2 mln $97 mln $86.1 mlnShrs outst. 24.4 mln   

November 3, 1999Impac Commercial Holdings Inc. (AMEX:ICH) has filed a Form PRER14A with the SEC. The preliminary proxy statement relates to the company's pending merger with Amresco Capital Trust (NASDAQ:AMCT)

November 3, 1999 An investor group represented by Stephen Meister, a New York attorney, is spending $150 million to buy 503, 505 and 507 Fifth Avenue in Manhattan's Times Square district.According to the Wall Street Journal, the group...

November 3, 1999 By Brad Berton, VertiNews.com Contributing EditorA Calabasas, Calif., investment group has paid $18.5 million for a 51,407-square-foot outpatient-care center within the Henry Mayo Newhall Memorial Hospital comlpex in Valencia, Calif.The property was acquired through a...

November 3, 1999 Impac Commercial Holdings (AMEX:ICH), which is proposing to merge with Amresco Capital Trust (NASDAQ:AMCT) would rename the resulting company Garrison Capital Trust.As previously reported, every Impac common share would convert into 0.66094 common shares of...

November 3, 1999 LaSalle Investment Management is paying $55 million for a portfolio of four office buildings it is buying from Teachers Insurance, according to the Wall Street Journal.The four buildings total 632,000 square feet. Go to Initial...

November 3, 1999 Business Times of MalaysiaUnsold properties in Malaysia totaled 92,000 units of various categories worth RM14 billion as at June this year, Housing and Local Government Minister Datuk Dr Ting Chew Peh says. The overhang is...

November 3, 1999Federal Realty Investment Trust (NYSE:FRT) has filed Form 8-K and Form 10-Q with the SEC.

November 3, 1999 LOS ANGELES – L.J. Melody has raised about $50 million for an investment fund that provides real estate owners with mezzanine financing.The fund, L.J. Melody Investors II, makes loans of between $1 million and $5...

November 3, 1999 Merrill Lynch is gearing up to start marketing $355 million of floating-rate commercial mortgage-backed securities for GE Capital.The deal, GE Capital Office Finance Corp., Series FL1, is backed by two three-year, interest-only loans that GE...

November 3, 1999 Cornerstone Realty Income Trust (NYSE:TCR) has filed Form 8-K with the SEC.