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 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.

November 3, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$41.4 mln$35.4 mln$120.6 mln$99.4 mlnFFO/shr (diluted)$0.94$0.85$2.74$2.48Extra. Gain (loss)  ($0.5 mln) Net Income$23.8 mln$20.8 mln$69.1 mln$55.7 mlnNet/shr$0.61$0.57$1.78$1.60Revenue$88.2 mln$77.0 mln$254.4 mln$219.4 mln

November 3, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $12.6 mln$2.8 mln$30 mln$17.3 mlnFFO/shr (diluted)$0.60$0.19$1.48$1.20Net Income (Loss) $3.3 mln($2.4 mln)$6 mln$3.3 mlnNet (Loss)/shr $0.20($0.18)$0.38$0.25Revenue $20.5 mln$13.8 mln$59.8 mln$39.9 mlnShrs outst. 21 mln14.7 mln20.3 mln14.4 mln

November 3, 1999Go to Previous Story in the VertiNews.com ArchiveNationsLink Funding Corp., Commercial Mortgage Pass-Through Certificates Series 1999-2Class*Amount($mln)Sub. Level(%)RatingS&PRatingDuff & PhelpsRatingFitchIBCAAvg.LifePriceTalk(BP)BnchMarkA-284.627.17AAAAAAAAA3.15+124-129 bpTreas.A-323227.17AAAAAAAAA5.7+130-135Treas.A-4110.527.17AAAAAAAAA8.07+138-142Treas.A-1C10427.17AAAAAAAAA5.5+107-110Treas.A-2C11427.17AAAAAAAAA8.59+125-129Treas.B56.122.14AAAAAA8.9+150 areaTreas.C44.918.11AAA9.05+170 areaTreas.D67.312.07BBBBBBBBB9.14+230 areaTreas.X**1,115N/AAAArAAAAAA6.29+400Treas.* Class A-1 tranche, at $167 million, was privately placed before launch.** Interest only...

November 3, 1999 By Morris Newman, VertiNews.com CorrespondentGLENDALE, Calif.-Vestar Development Co. said that the $70 million Glendale Fashion Center is fully pre-leased – nearly a year before its scheduled opening.The mall, originally built in 1965, was closed in...

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, 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, 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 $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 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 $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 – 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$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 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 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...