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, 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...

October 20, 1999 By Tom Kirchofer, The Associated PressBOSTON (AP) – Targeting a generation open about its sexuality and thinking about its golden years, developers around the country are looking to build gay-friendly retirement communities. In generations past,...

October 20, 1999 ElderTrust (NYSE:ETT) has filed a Form 8-A12B (Registration Statement) with the SEC.

October 20, 1999 Keystone Property Trust (AMEX:KTR) has filed a Form 8-K with the SEC.

October 20, 1999 Wellington Properties Trust (NASDAQ:WLPT) has filed a Form 8-A12B (a registration statement) with the SEC.

October 20, 1999 New life in Old Port's eastMontreal Gazette, October 20MONTREAL – Harbourteam Corp. has unveiled plans for a $80-million condominium and hotel development on Montreal's waterfront. The hotel/condo project would be built in a converted refrigerated...

October 20, 1999 Perimeter Square West Shopping Center sold for $26.5 millionAtlanta Journal Constitution, October 20ATLANTA – A German investment group represented by Trammell Crow Co. has just purchased the 5-year-old, 186,000-sf Perimeter Square West Shopping Center for...

October 20, 1999 MEMPHIS, Tenn. – Equity Inns Inc. (NYSE:ENN) has launched a website that will provide in-depth financial and corporate information for shareholders and the financial community.

October 20, 1999 CARY, N.C., Oct. 20 /PRNewswire/ -- Konover Property Trust (NYSE:KPT) paid $18.4 million for two community shopping centers totaling 235,000 square feet.The properties are: Lake Washington Crossing in Melbourne, Fla., which was purchased for $9.7...

October 20, 1999NEW YORK – The Cheslock Bakker Opportunity Fund has teamed up with New York developer Charles S. Cohen to buy the 1.2 million-square-foot Pacific Design Center in West Hollywood, Calif., from Teachers Insurance Annuity Association of...