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.

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, 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...