REAL ESTATE
<i> Times Staff and Wire Reports</i>
Mall Developer Expects Lower Profit: Alexander Haagen Properties, which owns or controls 40 shopping centers primarily in Southern California, said 1995 profit and funds from operations will fall below last year’s results. The Manhattan Beach-based real estate investment trust blamed the drop on lost revenues from tenants, higher financing costs and other factors. The company’s holdings include the Baldwin Hills Crenshaw Plaza in Los Angeles and Media City Center in Burbank.
