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 2, 1999 Cornerstone Properties Inc. (NYSE:CPP) said it plans to sell another $300 million of properties that are in "non-core" markets before the end of the year, funnelling proceeds to reduce its debt, fund its development pipeline...

November 2, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $56.7 mln$44 mln$161.6 mln$105.7 mlnFFO/shr (diluted)$0.92$0.77$2.64$2.22Extra. Loss–$4.9 mln –$4.9 mlnNet Income $39 mln$23.4 mln$107.7 mln$66.7 mlnNet/shr$0.64$0.41$1.77$1.40Revenue$106 mln$98.1 mln$325 mln$230.5 mlnShrs outst. 63.9 mln57.3 mln63.7 mln47.7 mln

November 2, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$60.4 mln$39.2 mln$179.8 mln$112.8 mlnFFO/shr (diluted)$0.40$0.36$1.18$1.08Net Income$42.3 mln$19.0 mln--Revenue$156.9 mln$90.9 mln$464.3 mln$260.0 mlnShrs outst.148.6 mln105.7 mln148.6 mln100.7 mln

November 2, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$7.8 mln$4.3 mln$21.7 mln$10.4 mlnFFO/shr (diluted)$0.46$0.34$1.31$0.94Net Income$2.1 mln$1.3 mln$6.6 mln$9.8 mlnNet/shr$0.20$0.18$0.67$1.61Revenue$20.5 mln$11.9 mln$56.9 mln$25.6 mlnShrs outst.14.7 mln12.9 mln14.6 mln11.1 mln

November 2, 1999 JACKSONVILLE, Fla. – Koger Equity Inc. (AMEX:KE) paid $64.1 million for four recently constructed office buildings from Crescent Resources Inc., a private company in South Carolina.The four buildings total 491,200 square feet and are fully...

November 2, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$49.9 mln$29.9 mln$127.2 mln$84.6 mlnFFO/shr (diluted)$0.97$0.82$2.80$2.34Extra. Gain/loss($5.1 mln) ($13.8 mln) Net Income$17.6 mln$11.9 mln$44.4 mln$37.3 mlnNet/shr$0.35$0.33$1.01$1.04Revenue$226.8 mln$167.5 mln$626.8 mln$418.8 mlnShrs outst.78.5 mln66.5 mln72.4 mln59.4 mln

November 2, 1999EL SEGUNDO, Calif. – Haverford Capital Group has provided $15 million of mezzanine financing to Koll Development Corp. for the construction of a speculative, 176,000-square-foot office building in Pasadena, Calif.The building, which will cost $40 million...

November 2, 1999NEWPORT BEACH, Calif. – Sun Microsystems Inc. has agreed to occupy 179,000 square feet at Central Research Park, an office complex in Sunnyvale, Calif., that is owned by Carlyle Realty.Sun actually signed three leases, which are...

November 2, 1999 HongKong StandardChinese Estates Holdings is raising $1.8 billion of mortgage financing through a commercial mortgage-backed securities issue underwritten by Societe Generale.The five-tranche issue of secured notes, due 2003, is denominated in Hong Kong currency. The...

November 2, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $2.7 mln$2.7 mln$8.2 mln$7.4 mlnFFO/shr (diluted) $0.35$0.37$1.08$1.06Extra. Gain/loss–––$0.06 mlnNet Income$0.85 mln$0.84 mln$2.7 mln$3.3 mlnNet/shr$0.12$0.11$0.36$0.47Revenue$8.3 mln$7.1 mln$25.2 mln$19.1 mlnShrs outst.7.6 mln7.2 mln7.6 mln7.0 mln

November 2, 1999Machinery manufacturer relocates to SouthavenMemphis Business Journal, November 1MEMPHIS, Tenn. – Basic Automation has run out of space and will relocate to a 24,000-sf building in Southaven, where an additional 20,000 sf of space is being...

November 2, 1999 Hospitality Properties Trust (NYSE:HPT) has filed a Prospectus with the SEC regarding the sale, by shareholders Gerard M. Martin and Barry M. Portnoy, of up to 313,430 shares.

November 2, 1999 New owner of bank building talking to potential tenantsMontreal Gazette, November 2MONTREAL – Alexis Nihon Group has bought the Laurentian Bank building at 777 Ste. Catherine St. W. for $12 million. The group plans to...

November 2, 1999 Instinet Corp., a worldwide technology-based stock brokerage, has leased a total of 105,000 square feet of space in Manhattan and Jersey City, N.J.The company subleased 48,000 sf of space from Bank of America at 40...

November 2, 1999 SANTA MONICA, Calif. – A Macerich Co. (NYSE:MAC) subsidiary has paid $130 million for Santa Monica Place, a 560,000-square-foot regional mall in Santa Monica, Calif.The property was purchased from The Rouse Co. (NYSE:RSE) and is...

November 2, 1999 Nationwide Health Properties Inc. (NYSE:NHP) has filed a Form 10-Q (Quarterly Report) with the SEC.

November 2, 1999 Kilroy Realty Corp. (NYSE:KRC) has filed a Form 424B5 with the SEC. The filing refers to the possible issuance of up to 207,649 common shares to shareholders representing limited partnership interests in Kilroy Realty LP...

November 2, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $11 mln$9.6 mln$30.4 mln$29 mlnFFO/shr (diluted)$0.94$0.81$2.60$2.44Extra. Loss––$0.25 mln$0.33 mlnNet Income $4.1 mln$2.5 mln$8.4 mln$8.6 mlnNet/shr$0.52$0.31$1.06$1.06Revenue$26.9 mln$25.1 mln$76.2 mln$72.2 mlnShrs outst.7.9 mln8.0 mln7.8 mln8.0 mln

November 2, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$16.4 mln$16.1 mln$48.4 mln$46.2 mlnFFO/shr (diluted)$0.61$0.60$1.80$1.74Extra. Gain/loss    Net Income$13.1 mln$10.5 mln$33.5 mln$30.7 mlnNet/shr$0.41$0.39$1.14$1.16Revenue$26.9 mln$22.0 mln$75.8 mln$61.6 mlnShrs outst.26.8 mln26.8 mln26.8 mln26.6 mln

November 2, 1999 Camden Property Trust (NYSE:CPT) has filed a Form 10-K/A (Amended Annual Report) with the SEC.

November 2, 1999  3rd-Qtr 993rd-Qtr 98 Pro forma9-mos 999-mos 98Pro formaFFO $9.2 mln$3.6 mln$23.1 mln$8.6 mlnFFO/shr (diluted)$0.25$0.15$0.63$0.57Extra. Loss– $0.44 mln–$0.71 mlnNet Income (Loss)$3.1 mln($10.8 mln)$5.1 mln($12.9 mln)Net (Loss)/shr $0.12($0.60)$0.20($1.10)Revenue $24.4 mln$16.2 mln$68.6 mln$37.9 mlnShrs outst.26 mln18.1 mln25.6 mln11.8 mln

November 2, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98Net Income$2.6 mln$1.4 mln$4.7 mln$2.3 mlnNet/shr$0.25$0.20$0.52$0.31Revenue$32.3 mln$19.8 mln$62.3 mln$30.3 mlnShrs outst.10.4 mln7.1 mln9.1 mln7.3 mln

November 2, 1999 Weingarten Realty Investors (NYSE:WRI) has filed a Form 10-Q (Quarterly Report) with the SEC.