November 4, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$61.3 mln$57.3 mln$182.2 mln$158.3 mlnFFO/shr (diluted)$0.83$0.78$2.46$2.26Extra. Gain (loss)    Net Income$32.5 mln$30.7 mln$83.3 mln$85.3 mlnNet/shr$0.55$0.53$1.42$1.53Revenue$139.0 mln$130.9 mln$410.9 mln$358.8 mlnShrs outst.67.1 mln65.9 mln67.3 mln63.1 mln

November 4, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $13.9 mln$13.1 mln $42.1 mln $35.8 mln FFO/shr (diluted) $0.38 $0.35 $1.10 $1.04 Extra Gain (Loss) ($0.86 mln) – ($4.9 mln) – Net Income $1.8 mln $3.4 mln $23 mln...

November 4, 1999 NEW YORK – Fitch IBCA has lowered by one notch the rating of one class of a 1997 commercial mortgage-backed securities deal because of the deterioration of Rite Aid's credit rating.The rating agency downgraded, to...

November 4, 1999By Nina Suebsukcharoen, VertiNews.com CorrespondentBANGKOK, Thailand – Despite signs that the Thai economy is improving, the country's beleaguered property market remains in a funk, with office rental rates half of where they were in 1991.Property analysts...

November 4, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $13 mln$12.5 mln $38.8 mln $36.5 mln FFO/shr (diluted) $0.61 $0.58 $1.82 $1.70 Extra Gain (Loss) ($0.8 mln) – ($0.8 mln) – Net Income $5.4 mln $6.6 mln $18 mln...

November 4, 1999 Income Opportunity Realty Advisors (AMEX:IOT) has filed a Form 10-Q with the SEC.

November 4, 1999 By Karen Chan of the Hong Kong StandardHONG KONG – After making nearly HK$2 billion (US$259 million) worth of investments on the mainland real estate market since 1994, Wharf Holdings' property investments there will start...

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.

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...