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 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....

November 1, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98 (Pro forma)FFO $5 mln$3.9 mln$13.9 mln$11.5 mlnFFO/shr (diluted) $0.51$0.40$1.42$1.17Net Income $2.2 mln–$6 mln–Net/shr$0.23–$0.61–Revenue$11.9 mln$8.8 mln$30.5 mln$25.5 mlnShrs outst. 9.8 mln 9.8 mln 9.8 mln 9.8 mln

November 1, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$7.5 mln$7.0 mln$23.0 mln$21.7 mlnFFO/shr (diluted)$0.29$0.26$0.88$0.82Extra. Gain/loss ($22.5 mln) ($22.5 mln)Net Income$0.9 mln($15.5 mln)$3.6 mln($12.3 mln)Net/shr    Revenue$38.4 mln$36.0 mln$114.3 mln$105.5 mlnShrs outst.26.2 mln26.4 mln26.2 mln26.5 mln

November 1, 1999 COLUMBIA, Md. – The Rouse Co. of Columbia, Md., and La Cantera Development Co., an affiliate of USAA of San Antonio, Texas, have partnered to develop a regional shopping center on a 160-acre parcel of...

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....