ATLANTA-With an overall metro class A vacancy level of 25%, Dallas-based Lincoln Property Co. provided the New York-based tenant with enough incentives to remain for another estimated 10 years at the 600,000-sf Downtown tower.
ORLANDO-Maitland Colonnades, Westwood Corporate Center and ProLogis Park at Orlando Corporate Center win regional first-place ribbons in Jacksonville, FL and advance to the June national competition in Toronto.
ATLANTA-The Atlanta-based utility company pulls Mississippi-based WG Yates Construction Co. off a multi-million-dollar, two power-plant project in suburban Savannah, GA and is finishing the job itself, the company confirms.
ATLANTA-With 2.6 million sf of retail product already completed, locally based Cousins Properties Inc. plans to expand its national portfolio by joint venturing with Jim Wilson & Associates on the Avenue Carriage Crossing, in the Memphis, TN suburb of Collierville.
PANAMA CITY, FL-Locally based Gulf Waves Partners LLC was set to close a 1.5-acre beachfront purchase when its bank couldn't provide the paperwork by the seller's deadline. Gulf of Mexico-frontage land has jumped to $50,000 per linear foot from $15,000 in the last 18 months.
ORLANDO-Local developer Mark Kinchla is converting the 194-unit property to condominiums and hopes to win market share by offering the units in the $90,000 to $100,000 range, the lowest price range announced to date among the estimated 1,500 condo conversion units planned or on the market in the metro area.
ATLANTA-CB Richard Ellis Inc.'s Valuation and Advisory Services group promotes Jerry Gisclair and James Agner to managing directors. They report to Ron Neyhart who will also assist the company's nine other regional offices on new business development, client relations and appraisal report production.
ATLANTA-Two of the city's biggest names in redevelopment circles are joint venturing the final $17-million, 112-unit phase of an estimated $40-million, 257-loft venture on Glen Iris Drive across from City Hall East complex, itself a planned $2-billion, near-future redevelopment undertaking.
ORLANDO-Triggered by the Sept. 11, 2001 terrorist attacks in New York and Washington, DC, Florida firefighters demand and receive unobstructed access to thousands of high-rise and mid-rise buildings over five stories.
ORLANDO-Locally based CNL Retirement Properties Inc., with a growing portfolio of 164 seniors housing properties in 30 states, buys 22 medical office buildings totaling 1.3 million sf from Chevy Chase, MD-based Medical Office Properties Inc. for $256 million.
