November 1, 1999 NEW YORK – John Hancock Mutual Life Insurance Co. has sold the Sylvan Corporate Center, a 137,000-square-foot office complex in Englewood Cliffs, N.J., for $18 million, or $131/sf.The complex is made up of two buildings,...

November 1, 1999LOUISVILLE, Ky. – Ventas Inc. (NYSE:VTR) said that 95 percent of its lenders have agreed to restructure its debt, including a $275 million bridge loan which came due Oct. 30.Ventas is a REIT that owns and...

November 1, 1999BRT Realty Trust (NYSE:BRT) has filed Form 8-K with the SEC.

November 1, 1999 Finova Realty Capital issued a statement related to the resignation of its capital markets chief, David Rogers."While Finova Realty Capital will miss the contributions of David Rogers, who has resigned to consider other career opportunities,...

November 1, 1999Grizzly Industrial to leave MemphisMemphis Business Journal, November 1MEMPHIS, Tenn. – Grizzly Industrial is vacating the 90,000 square feet it occupies at the Shelby Distribution Park in Memphis for Springfield, Mo., where it has purchased 14...

November 1, 1999 By Kevin Rafferty of the Hong Kong StandardASIA WorldSources Inc./Associated PressHong Kong may regain the title of the world's tallest building now that the Town Planning Board has approved an application for a 102-story tower...

November 1, 1999BOSTON – MGI Properties (NYSE:MGI) sold three properties for $19.8 million, including $11.4 million of debt that was assumed by one of the buyers.The properties sold included MGI's remaining apartment complex in Harrison Township, Mich., and...

November 1, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$51.3 mln$40.1 mln$142.4 mln$112.6 mlnFFO/shr (diluted)$0.91$0.94$2.78$2.70Extra. Loss–––$6.6 mlnNet Income$28.6 mln$22.1 mln$80.9 mln$57.7 mlnNet/shr$0.51$0.52$1.51$1.38Revenue$62.3 mln$45.2 mln$174.6 mln$126.7 mlnShrs outst.56.4 mln42.8 mln51.3 mln41.7 mln

November 1, 1999 Paternoster Securitisation No. 1 PLCClassAmount($USmln)RatingFitchIBCARatingMoody'sAvg.LifeSpread(BP)BnchMarkA142.2AAAAAA2.32+50 bp3-mo. LiborB19.9AA24.53+100 bp3-mo. LiborC11.3BBBBaa24.53+2253-mo. Libor

November 1, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98Net Income $2.9 mln$2.0 mln$9.1 mln$12.6 mlnNet/shr$0.58$0.37$1.79$2.37Revenue$14.3 mln$13.9 mln$43.2 mln$43.4 mln

November 1, 1999 Wilshire Real Estate Investment Trust (OTC:WREI) has filed a Form SC 13D (GeneralStatement of Beneficial Ownership) with SEC.

November 1, 1999 LOS ANGELES – MCI/WorldCom has leased an additional 118,000 square feet at 800 South Hope Street in Los Angeles in a deal valued at about $31 million.The telecommunications giant had been occupying about 87,000 sf....

October 29, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $4.2 mln$4.1 mln$12.8 mln$11.3 mlnFFO/shr (diluted) $0.45$0.41$1.36$1.24Extra. Loss  – $0.2 mln $0.5 mln$0.2 mlnNet Income $0.8 mln$0.6 mln $4.1 mln$0.77 mlnNet/shr $0.15$0.01$0.79$0.18Revenue $10.3 mln$10.2 mln$34.1 mln$28.6 mlnShrs outst. 5.2 mln5.2 mln5.2 mln4.3 mln

October 29, 1999 CLEVELAND – Forest City Enterprises Inc. (NYSE:FCEA) (NYSE:FCEB) has opened the 778,000-square-foot Promenade, a two-level, enclosed regional mall in Temecula, Calif., north of San Diego.The mall is 94 percent leased and anchored by a 125,000...

October 29, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $11.4 mln$12.3 mln$35.9 mln$35.4 mlnFFO/shr (diluted)$0.42$0.43$1.28$1.28Net Income $11.9 mln$6.8 mln$37.4 mln$38.3 mlnNet/shr $0.30$0.13$0.95$1.08Revenue $22.8 mln$23.3$68 mln$67.1 mlnShrs outst.31.7 mln32.8 mln33 mln30.4 mln

October 29, 1999 By Keith Regan, VertiNews.com CorrespondentAllamerica Asset Management will loan $30 million to the New Boston Fund Inc., a real estate investment trust, according to sources close to the deal.New Boston is refinancing seven office buildings,...

October 29, 1999 Equity Office Properties Trust (NYSE:EOP) has filed a 424B3 Prospectus with the SEC. The filing relates to sale, by certain Equity Office shareholders, of 1 million common shares in the REIT. The shareholders received the...

October 29, 1999 General Growth Properties (NYSE:GGP) has filed a Form 424B3 Prospectus with the SEC.The filing relates to the issuance of 518,800 common shares of General Growth to certain holders of limited partnership units in GGP LP,...

October 29, 1999Associated PressLONGVIEW, Texas – A local group is about to close a deal to buy the Stroh Brewing Co. facility here.The group of five or six investors will probably not use the 800,000-square-foot plant and 130-acre...

October 29, 1999 A team made of Oxford Properties Group Inc., the Ontario Municipal Employees Retirement System and GE Capital Canada Inc. has completed the purchase of a portfolio of real estate from the Royal Bank of Canada....

October 29, 1999 CLEVELAND – First Union Real Estate Investments (NYSE:FUR) said it will pay an interest rate of 15 percent on the $29.6 million second mortgage that General Growth Properties Inc. (NYSE:GGP) provided for the Crossroads Center...

October 29, 1999Australian investment trust buys interest in Promenade IIAtlanta Journal-Constitution, October 29ATLANTA – Lend Lease US Office Trust, a new Australian investment trust, is planning to buy one-half interest in the Promenade II office building in Midtown....

October 29, 1999 Montreal's newest suburb: Plattsburgh, N.Y.Montreal Gazette, October 29MONTREAL – Plattsburgh, N.Y., is fast becoming "Montreal's U.S. suburb." The city, which is an hour's drive from Montreal, has landed a number of Montreal-based firms in the...

October 29, 1999 TrizecHahn Corp. (NYSE:TZH) would consider a management-led buyout which would result in the real estate company becoming private.According to Dow Jones Newswires, which quoted Trizec's president, Casey Wold, the company is looking at a number...

October 29, 1999 Sumitomo Life Realty has put One Atlanta Plaza, a 618,000-square-foot office building up for sale, while Simon Property Group (NYSE:SPG) is planning to sell the Lenox Building, which has 351,000-square feet.The offerings were first reported...