JACKSONVILLE, FL-The commercial and retail segments of Florida's largest landowner remain strong, says company chairman and CEO Peter S. Rummell. The company plans to introduce a new primary residential product throughout the remainder of 2006.
ATLANTA-DiamondRock Hospitality Co. and Noble Investment Group pay Starwood Hotels & Resorts Worldwide about $166,666 per room for the 369-room property. The hotel is in the middle of the 27-million-sf Perimeter Center office market. GlobeSt.com first reported the sale April 27.
ATLANTA-DiamondRock Hospitality Co. and Noble Investment Group pay Starwood Hotels & Resorts Worldwide about $166,666 per room for the 369-room property. The hotel is in the middle of the 27-million-sf Perimeter Center office market. GlobeSt.com first reported the sale April 27.
ATLANTA-Net income was $8.4 million, or 16 cents per share, compared with $5.5 million, or 11 cents per share, for first quarter 2005. Funds from operations totaled $19.1 million, or 37 cents per share, versus $16.3 million or 32 cents last year.
TAMPA, FL-Arthur J. Mirante II, president, Global Client Development, Cushman & Wakefield, tells the Certified Financial Analyst Conference here that investors this year are targeting San Diego, Washington, DC, Los Angeles and New York City in the US, and London, Paris and Tokyo overseas.
ORLANDO-Commercial Net Lease Realty Inc., boasting a portfolio of 524 investment properties in 41 states with a gross leasable area of about 9.2 million sf, is scouting for new assets with its fresh brand. The company was formed here in 1984.
ATLANTA-David Allman, who started the locally based commercial real estate development company in 1988, moves up to chairman. Reid Freeman, who first served first as vice president and later as executive vice president, moves up to president. Regent's asset base stands at $1.4 billion.
ATLANTA-All representatives of the parties involved deny the venture is going forward but metro area sources in a position to know tell GlobeSt.com a major announcement could come by fall or earlier.
ATLANTA-All representatives of the parties involved deny the venture is going forward but metro area sources in a position to know tell GlobeSt.com a major announcement could come by fall or earlier.
TAMPA, FL-The Atlanta-based developer plans to start construction in July on the Boulevard Condos, a 346-unit community with 5,000 sf of retail at South Brevard Avenue and West Kennedy Boulevard. Wood's first Downtown condo project, Six Ten Franklin, is under construction at the former Downtown Maas Brothers department store site.
