October 28, 1999 NEW YORK – PricewaterhouseCoopers has acquired Gulf/Atlantic Valuation Services Inc., a Sarasota, Fla., appraisal firm that specializes in healthcare and retirement properties.Terms of the deal were not disclosed. Alan Plush, principal of Gulf/Atlantic, was named...

October 28, 1999 St. Joe to spin off Florida East CoastFlorida Times-Union, October 28JACKSONVILLE, Fla. – The St. Joe Co. will spin off its 54 percent interest in Florida East Coast Industries to become a full-time real estate...

October 28, 1999 SYDNEY – Lend Lease US Office Trust, an Australian company that has agreed to buy a stake in a portfolio of properties owned by Equity Office Properties (NYSE:EOP), is in the midst of lining up...

October 28, 1999 Small English town, Kanata compete for Nortel plantThe Ottawa Citizen, October 28 OTTAWA – Nortel Network, which has plans to build a major fiber-optic manufacturing plant, may be eyeing an empty, almost brand-new $125 million...

October 28, 1999  3rd-Qtr 993rd-Qtr 98Net Income$3.34 mln$2.31 mlnNet/shr$0.16$0.11Revenue$95.2 mln$76.2 mlnShrs outst.21.1 mln21.9 mln

October 28, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$14.6 mln$15.9 mln$45.9 mln$47.8 mlnFFO/shr (diluted)$0.66$0.73$2.09$2.21Extra. Gain/loss  $0.07 mln$1.0 mlnNet Income$6.5 mln$3.7 mln$12.1 mln$11.9 mlnNet/shr$0.34$0.20$0.64$0.64Revenue$56.8 mln$55.3 mln$169.8 mln$157.8 mlnShrs outst.22.0 mln21.8 mln22.0 mln21.7 mln

October 28, 1999 NEW YORK – Tarragon Realty Investors Inc. (NASDAQ:TARR) is considering eliminating its REIT status in order to focus on converting apartments into condominiums.The REIT owns some 16,000 apartment units in Connecticut, South Florida and Texas,...

October 28, 1999MEMPHIS, Tenn. – Mid-America Apartment Communities (NYSE:MAA), which announced a 9 percent drop in third-quarter funds from operations, said leasing up of units that it expects to complete this winter will "burden FFO/share until they are...

October 28, 19993rd-Qtr 99?3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$3.1 mln$2.8 mln$9.1 mln$8.2 mlnFFO/shr (diluted)$0.61$0.56$1.80$1.64Net Income$1.8 mln$1.7 mln$5.1 mln$4.8 mlnNet/shr$0.40$0.39$1.17$1.10Revenue$5.5 mln$5.0 mln$16.2 mln$14.4 mln

October 28, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$18.7 mln$18.3 mln$50.7 mln$49.5 mlnFFO/shr (diluted)$0.68$0.67$1.84$1.82Extra. Gain/loss    Net Income$10.2 mln$9.5 mln$29.4 mln$29.8 mlnNet/shr$0.39$0.37$1.13$1.15Revenue$27.8 mln$27.3 mln$77.7 mln$75.2 mlnShrs outst.27.6 mln27.4 mln27.6 mln27.3 mln

October 28, 1999?3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO?$1.3 mln$1.1 mln$4.0 mln$3.6 mlnFFO/shr (diluted)?$0.17$0.15$0.54$0.48Net Income?$3.1 mln$2.8 mln$9.4 mln$8.0 mlnNet/shr$0.15$0.04$0.16$0.16Revenue?$4.9 mln$4.5 mln$14.5 mln$12.6 mlnShrs outst.?7.4 mln7.6 mln7.5 mln7.6 mln

October 28, 1999Andrew Stone is said to be preparing to leave Credit Suisse First Boston at the end of the year. Stone formerly headed First Boston's real estate group. Talk of his departure, which was reported in the...

October 28, 1999 ATLANTA – Prudential Mortgage Capital Co. and New York Life Insurance Co. have provided $159 million of mortgage debt for the Westfield Shoppingtown Montgomery Mall, a 1.3 million-square-foot mall owned by Westfield America Inc. (NYSE:WEA)Pru...

October 28, 1999 DALLAS – Prentiss Properties Trust (NYSE:PP) has promoted Thomas F. August to the post of chief executive officer. He will continue as president of the REIT. August was formerly president and chief operating officer. He...

October 28, 1999 CHICAGO – Heller Financial Inc. (NYSE:HF) has formed a unit that will finance owner-occupied properties through synthetic leases and secured debt. The unit, Special Purpose Property, taps Heller's asset-based and real estate lending expertise. It...

October 28, 1999Merrill Lynch Mortgage Investors Inc., 1999-C1ClassAmount($mln)Sub. Level(%)RatingS&PRatingDuff & PhelpsAvg.LifeSpread(BP)BnchMark A-110026.5AAAAAA5.6+117Treas.A-2350.3526.5AAAAAA9.6+136.25Treas.B33.721AAAA9.9+158.25Treas.C27.616.5AA9.9+180Treas.D9.215A-A-9.9+195Treas.E21.411.5BBBBBB9.9+250Treas.F7.610.25BBB-BBB-10.25+335Treas.X613N/AAAArAAA9.05+400Treas.

October 28, 1999 Stone & Webster Inc., a troubled engineering firm, plans to sell its headquarters building in downtown Boston, according to the Boston Globe. About 1,250 people work at the 14-story building, which is near South Station....

October 28, 1999 Equitable Life is providing about $89 million of financing to Blackstone Real Estate Advisors for its purchase of the Bethesda Metro Center in Bethesda, Md.Blackstone purchased the property for $118 million from an entity controlled...

October 27, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO($5.6 mln)$1.8 mln($3.7 mln)$5.2 mlnFFO/shr (diluted)($1.25)$0.40($0.81)$1.11Extra. Gain/loss$6.4 mln $6.4 mln Net Income($4.3 mln)$2.4 mln($1.2 mln)$7.4 mlnNet/shr($1.56)$0.15($1.68)$0.48Revenue$8.8 mln$8.1 mln$25.5 mln$23.7 mlnShrs outst.3.9 mln4.1 mln3.9 mln4.2 mln

October 27, 1999 HRPT Properties Trust (NYSE:HRP) has filed Form 8-K with the SEC.

October 27, 1999 DENVER – Lance J. Graber, a director in the principal transactions group of Credit Suisse First Boston, has joined Apartment Investment and Management Co. (NYSE:AIV) as executive vice president of acquisitions.Prior to joining First Boston...

October 27, 1999 SAN DIEGO – Grubb & Ellis Co. (NYSE:GBE) has been chosen by the Independent Order of Foresters to dispose of its entire U.S. real estate portfolio, consisting of 30 commercial and multi-family properties in eight...

October 27, 1999Orange-Osceola county line keeps growing with more spaceOrlando Sentinel, October 27ORLANDO, Fla. – The Orange-Osceola county service-center market is booming with new development. More than 450,000 square feet of flexible-use space has been added to the...

October 27, 1999 ATLANTA – Prudential Mortgage Capital Co. has provided a $42.2 million commercial mortgage for the Santa Rosa Mall in Fort Walton Beach, Fla.The 740,500-square-foot mall is owned by an affiliate of Jim Wilson & Associates...

October 27, 1999 Associated PressOLDMANS, N.J. – Salem County, N.J. and PSE&G have formed a partnership to build a $100 million industrial park here that is expected to attract warehouse distribution and manufacturing firms to create thousands of...