October 22, 1999 ATLANTA – Atlanta-based Jameson Inns Inc.(Nasdaq: JAMS), owner of Jameson Inn and Signature Inn hotels, completed the purchase of land for a new Jameson Inn in Wilmington, North Carolina. When completed, the hotel will feature...

October 22, 1999 CLEVELAND – Cleveland, OH-based Developers Diversified Realty (NYSE: DDR) owner, manager and developer of Uptown Solon, today celebrated the grand opening of the new shopping center.Uptown Solon, located near U.S. Route 422 and State Route...

October 22, 1999 Vacancy is inching up in the country's top 20 office markets because of declining demand and new development, according to Timothy Callahan, president and chief executive of Equity Office Properties Trust, one of the largest...

October 22, 1999 By Dan Whipple, VertiNews.com Correspondent DENVER – A 450-acre piece of land near the Denver International Airport is being readied for the first phase of some ambitious development plans.L.C. Fulenwider Inc. is developing the 450-acre...

October 22, 1999By the Associated PressNEW YORK and SAN FRANCISCO - Starwood Financial Trust (Amex: APT) and TriNet Corporate Realty Trust Inc. (NYSE: TRI) announced today that Institutional Shareholder Services (ISS), a voting advisory service, has recommended that...

October 22, 1999 By Dan Whipple, VertiNews.com Correspondent DENVER – Nearly a year before it is expected to be completed, Continuum Partners LLC has leased most of 16 Market Square, a mixed-use project in Denver's central business district.So...

October 22, 1999Builder plans $140 million retail, office projectTampa Tribune, October 22TAMPA, Fla. – New York's Bromley Development Co wants to build a $140 million retail and office complex near I-275 that would take up as much space...

October 22, 1999Office Depot closing some Canadian storesToronto Star, October 22TORONTO – Office Depot Inc. is closing six stores in North America, including three outlets in Ontario. Stores in Toronto, Barrie and Thunder Bay will be shut down...

October 22, 1999BETHESDA, Md. – Bethesda Metro Center Limited Partnership, an entity formed by CRI Inc., has sold its ownership interests in the Bethesda Metro Center office, hotel and retail mixed-use development to an entity controlled by Blackstone...

October 22, 1999Glimcher Realty Trust 3rd-Qtr FFO $0.65/shr vs $0.60/shr?3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$17.4 mln$16.0 mln$51.8 mln$46.2 mlnFFO/shr$0.65$0.60$1.94$1.73Net income$7.1 mln$4.6 mln$16.5 mln$14.7 mlnNet/shr$0.30$0.19$0.69$0.62Charges/gains$0.3 mln$0.5 mln$0.5 mln$0.5 mlnRevenue$54.3 mln$46.5 mln$161.7 mln$126.4 mlnGo To Earnings Announcement

October 22, 1999 By the Associated PressBloomington, Minn.- About 500 workers in Minnesota and North Dakota will be out of work when Bloomington-based Fairway Foods closes distribution centers in Northfield and Fargo, North Dakota. Local television stations have...

October 21, 1999 A lawsuit over the ownership of the Empire State Building has been settled, according to a report in the Kyodo News. The suit was filed by Japanese billionaire Hideki Yokoi, now deceased, against his daughter....

October 21, 1999Summit victorious in bitter battle for rival AvistaThe Globe and Mail, Oct. 21TORONTO – Real estate investment trust Summit emerged as the winning bidder Wednesday for rival Avista, concluding one of the most bitter takeover battles...

October 21, 1999 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) will issue 289,000 of its common shares, at a price $13.50/share, to buy a private corporation that owns the rights to acquire, as part of tax-free exchanges,...

October 21, 1999City may zone more commercial propertyBradenton Herald, Oct. 21BRADENTON, Fla – The Bradenton Planning Commission on Wednesday recommended approval of amendments to the city's comprehensive plan. The most significant change will allow future commercial development along...

October 21, 1999 FARMINGTON HILLS, Mich. – Sun Communities Inc. (NYSE:SUI) reported third-quarter funds from operations of $15.3 million or 75 cents/share on a diluted basis compared to $13.5 million or 69 cents/share for the same period last...

October 21, 1999CLEVELAND – Associated Estates Realty Corp. (NYSE:AEC) is launching a cash tender offer for all of its outstanding unsecured debt. The REIT has $177.5 million of senior and medim-term notes. Associated will fund the tender offer...

October 21, 1999Dynex Capital Inc. (NYSE: DX) has filed a Form SC 13D (General Statement of Beneficial Ownership) with the SEC.

October 21, 1999 SASCO Floating Rate Commercial Mortgage Trust 1999-C3ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingFitchAvg.LifeSpread(BP)BnchMarkA783.861AaaAAA1.56+401 mo. LiborB120.655Aa1AA+1.79+601 mo. LiborC80.451Aa2AA1.95+701 mo. LiborD70.347.5Aa3AA--+851 mo. LiborE75.443.75A1A+-+1101 mo. LiborF75.440A2A-+1201 mo. LiborG70.336.5A3A--+1501 mo. LiborH60.333.5Baa1BBB+-+2251 mo. LiborJ80.429.5Baa2BBB-+2501 mo. LiborK20.128.5Baa3BBB--+3001 mo. Libor

October 21, 1999PRICE TALK: Merrill Lynch Mortgage Investors Inc., Series 1999-C1ClassAmount($mln)Sub. Level(%)RatingS&PRatingDuff & PhelpsAvg.LifeSpread(BP)BnchMarkA-110026.5AAAAAA5.64+115-118Treas.A-2350.426.5AAAAAA9.6+135-138Treas.B33.721AAAA9.9+153-158Treas.C27.616.5AA9.9+175-180Treas.D9.215A-A-9.9+190-195Treas.E21.411.5BBBBBB9.9+240-245Treas.F7.610.25BBB-BBB-9.9+330-335Treas.X (IO)613N/AAAArAAA9.05+400*Treas.* At zero percent CPR.

October 21, 1999 PARSIPPANY, N.J. – Mountain Funding Inc. has provided $10.5 million of financing to Cathartes Investments of Boston for the redevelopment of a warehouse property in Chicago.Mountain, a direct private lender and investor that specializes in...

October 21, 1999 DALLAS – Prentiss Properties Trust (NYSE:PP) reported funds from operations for the third quarter ended Sept. 30 of $31.4 million, or 72 cents/share versus $29.5 million or 65 cents/share for the same period last year.Net...

October 21, 1999 BEVERLY HILLS, Calif. – Kennedy-Wilson Inc. (NASDAQ:KWIC) has acquired Fults & Associates Inc., a Dallas property management firm.The purchase adds 8.4 million square feet to Kennedy-Wilson's property management portfolio and gives it a presence in...

October 21, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 99Funds from Operations$10.1 mln$9.2 mln$30.4$25.5FFO/shr41 cents38 cents$1.21$1.08Net income$6.4 mln$4.1 mln$15.6 mln$11.6 mlnNet/shr32 cents20 cents79 cents58 centsRevenue$19.2 mln$17.2 mln$57.3 mln$46.1 mln

October 21, 1999 CHICAGO – Brookdale Living Communities Inc. (NASDAQ:BLCI) has signed a definitive purchase agreement for The Benchmark of Hoffman Estates, a 289 unit independent living community in Hoffman Estates, Ill. The Benchmark is an eight-story, 255,000-square-foot...