October 27, 1999 Power struggle builds at Magellan REITVancouver Sun, October 26VANCOUVER – Magellan real estate trust is facing more internal turbulence now that three securities dealers are complaining about a trustee's handling of the REIT's affairs. Ian...

October 27, 1999 LaSalle Hotel Properties (NYSE:LHO) has filed Form 8-K with the SEC.

October 27, 1999 ATLANTA – Prudential Mortgage Capital Co. has provided $73.5 million of mortgage financing to Cornerstone Realty Income Trust (NYSE:TCR).The seven-year, interest-only loan carries a rate of 7.29 percent and is backed by a cross-collateralized portfolio...

October 27, 1999 BEVERLY HILLS, Calif. – G&L Realty Corp. (NYSE:GLR) has taken a non-cash write-down of $6.4 million or $1.42/share against third-quarter financial results, representing an impairment of value of six New Jersey office buildings.Go to Earnings...

October 27, 1999?3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$82.8 mln$44.7 mln$192.2 mln$126.3 mlnFFO/shr (diluted)$0.57$0.48$1.62$1.39Extra. Gain/loss????Net Income$41.5 mln$23.4 mln$98.5 mln$67.6 mlnNet/shr$0.35$0.29$1.00$0.84Revenue$175.7 mln$97.6 mln$406 mln$272.3 mlnShrs outst.145.4 mil93.3 mln118.6 mln91.3 mln

October 27, 1999 SL Green Realty Corp. (NYSE: SLG) has agreed to buy a significant stake in 100 Park Avenue, an 825,000-square-foot office building in Midtown Manhattan, for $192 million, or $233/sf.The building is being purchased from Prudential...

October 27, 1999 G&L Realty Corp. (NYSE:GLR) has filed a Form 8-K (Current Report) with the SEC.

October 27, 1999 Robert A. Levine, a Long Island, N.Y., developer has turned in the winning, $38.4 million bid to buy 270 Broadway, a 371,000-square-foot office building in downtown Manhattan.The half-empty office building is being purchased from the...

October 27, 1999 Boston Properties Inc. (NYSE:BXP) has filed Form 8-K with the SEC.

October 27, 1999 SILVER SPRING, Md. – Humphrey Hospitality Trust Inc. (NASDAQ:HUMP) has completed its merger with Supertel Hospitality Inc. (NASDAQ:SPPR). The merged company owns 88 hotels with 6,200 units in 19 states. The properties are leased to...

October 27, 1999Associated PressJACKSONVILLE, Fla. – The St. Joe Company (NYSE: JOE) is spinning off its 54 percent share of Florida East Coast Industries to St. Joe shareholders. The plan calls for St. Joe to exchange all of...

October 27, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$20.9 mln$17.9 mln$60.3 mln$52.8 mlnFFO/shr (diluted)$0.63$0.56$1.85$1.65Extra. Gain/loss$1.0 mlnNA$57.7 mln$1.7 mlnNet Income$12.9 mln$10.7 mln$91.5 mln$33.8 mlnNet/shr$0.39$0.33$2.80 $1.06Revenue$26.4 mln$27.7 mln$68.2 mln$75.7 mlnShrs outst.32.2 mln31.6 mln32.1 mln31.6 mln

October 27, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$21.0 mln$16.0 mln$58.0 mln$47.5 mlnFFO/shr (diluted)$0.84$0.66$2.34 $1.96Extra. Gain/loss ($0.7 mln) ($0.7 mln)Net Income$12.6 mln$7.7 mln$37.6 mln$27.5 mlnNet/shr$0.50$0.32$1.51$1.13Revenue$81.7 mln$67.7 mln$230.5 mln$180.2 mlnShrs outst.24.9 mln24.4 mln24.9 mln24.3 mln

October 27, 1999?3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$17.3 mln$15.1 mln$49.6 mln$43.1 mlnFFO/shr (diluted)$0.84$0.74$2.45$2.10Extra. Gain/loss?($0.8 mln)?($0.8 mln)Net Income$13.1 mln$6.7 mln$30.4 mln$22.2 mlnNet/shr$0.71$0.34$1.66$1.16Revenue$37.7 mln$32.7 mln$106.5 mln$92.2 mlnShrs outst.20.6 mln20.5 mln20.2 mln20.5 mln

October 27, 1999 FORT WORTH, Texas – Crescent Real Estate Equities (NYSE:CEI) said scheduling conflicts have prompted it to postpone its third-quarter earnings conference call until Nov. 10 at 10 am. The call had been scheduled for Nov....

October 27, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$44.2 mln$35.1 mln$132.2 mln$102.7 mlnFFO/shr (diluted)$0.357$0.331$1.061$1.013Extra. Gain/loss($0.2 mln) $0.3 mln($0.2 mln)Net Income$10.4 mln$8.2 mln$52.4 mln$49.0 mlnNet/shr$0.10$0.08$0.50$0.50Revenue$155.5 mln$123.5 mln$463.7 mln$346.2 mlnShrs outst.124.1 mln106.2 mln124.6 mln101.4 mln

October 27, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$7.5 mln$3.5 mln$21.3 mln$9.3 mlnFFO/shr (diluted)$0.36$0.28$1.04$0.80Extra. Gain/loss($0.6 mln)($0.023 mln)($0.6 mln)($0.023 mln)Net Income$3.5 mln$1.3 mln$10.9 mln$3.5 mlnNet/shr$0.17$0.10$0.53$0.30Revenue$22.1 mln$12.4 mln$63.8 mln$31.8 mlnShrs outst.20.9 mln12.7 mln20.6 mln11.6 mln

October 26, 1999 Equity Resources acquires Memphis apartments for $26 MlnBirmingham Business Journal, October 26BIRMINGHAM, Ala. – Birmingham-based Equity Resources, a commercial real estate development company, has paid $26 million for a Lincoln at Wolfchase, a 408-unit apartment...

October 26, 1999 SAO PAULO, Brazil – Brazil Realty SA is targeting small individual investors with a new investment vehicle called REIT Brazil. This fund, launched by Brazil Realty adapts Real Estate Investment Trusts (REITS) to the fast-growing...

October 26, 1999 CHICAGO – AMLI Residential Properties Trust (NYSE:AML) has partnered with a private investment group to purchase AMLI at Oak Bend (formerly Jefferson at Oak Bend), a 426-unit apartment community in Lewisville, Texas – a suburb...

October 26, 1999 NEW YORK – Kennedy-Wilson Inc. (NASDAQ:KWIC) has started marketing the Pine Forest Country Club and the Crowfield Golf and Country Club, a pair of 18-hole championship golf courses near Charleston, S.C.The Beverly Hills, Calif., real...

October 26, 1999 Washington REIT (NYSE:WRE) has filed Form 8-K with the SEC.

October 26, 1999 LOS ANGELES – Imperial Credit Commercial Mortgage Investment Corp. (Nasdaq: ICMI) said the merger consideration has increased with regard to its merger deal with Imperial Credit Industries Inc. (Nasdaq: ICII) has increased.The increase, from $11.50...

October 26, 1999 We expect most REITs (Real Estate Investment Trusts) and REOCs (Real Estate Operating Companies) in our 55 company-research-coverage area to post modestly positive results for the third-quarter 1999 earnings season.We are projecting an average-annual funds...

October 26, 1999 ATLANTA – Chastain Capital Corp. (NASDAQ:CHAS), a commercial mortgage REIT affiliated with Lend Lease Real Estate Investments, said it expects to sell its remaining assets by the end of next March. The REIT had $69.1...