Pacesetter Business Properties reported a net loss...

Pacesetter Business Properties reported a net loss for 9 months of $1.2 million compared to a net loss of $508,000 for the comparable period in 1987. Revenue rose 59% to $10.1 million from $6.4 million. The pretax loss for Pacesetter Business Properties, which primarily develops commercial and industrial properties for long-term investment, includes depreciation of $1.3 million and $1.2 million for the 9 months of 1988 and 1987 respectively, on rental properties being held for investment. Pacesetter Business Properties, based in Newport Beach, was spun off to its shareholders by its former parent, American Pacesetter, in June.