ATLANTA-Cousins Properties Inc., one of the most successful commercial REITs in the country, had a disappointing first quarter, logging decreases in net income, funds from operations and lease termination fees.
ORLANDO-Maury L. Carter & Associates Inc. participated in the sale of 1,052 acres valued at $27.1 million in six Central Florida counties over the last 30 to 45 days. Sellers remain hard traders, choice tracts are dwindling but deals are in the pipeline, Darryl M. Carter, the firm's president, tells GlobeSt.com.
DESTIN, FL-The wholly owned Goldman Sachs company provides a 10-year-loan at an undisclosed interest rate to Turnberry Associates on the 480,785-sf retail and office complex in this Florida Panhandle gulf community.
ATLANTA-Pre-construction prices in the first 45-unit phase at the $15-million, 142,197-sf Centennial Park North community Downtown start at $300,000, the lowest in the area, the developer claims. Occupancy is scheduled for early 2005.
ATLANTA-The former chairman and the largest shareholder of Post Properties Inc. is gambling once again that stockholders will support his newest proposal to have shareholders, not board members themselves, decide what the company pays its directors. Williams lost a May 3003 fight to unseat Post directors.
MONTVERDE, FL-Orlando developer Bobby Ginn sold 400 home sites in four hours to buyers from around the world. They converged on the 1,900-acre Bella Collina private club community located on Lake Apopka in Lake County, about 30 miles northwest of Downtown Orlando.
TAMPA, FL-Scully Co. of Jenkintown, PA pays the Atlanta multifamily developer paid $73,214 per unit for the Enclave at Richmond Place, a 280-unit luxury community Lane developed in 2000.
ATLANTA-Locally based REIT Cousins makes news again as it sells several commercial assets, including the 2.5-million-sf, eight-building, 285-acre Wildwood Office Park and two Northside Hospital buildings.
TAMPA, FL-The 30-million-sf inventory ends Q1 with a 17.1% vacancy, up from 16.7% at year-end 2003. The return of MCI Worldcom's 824,000-sf headquarters to the market brings class A vacancies in Northeast Tampa to 50.2%, according to a new Colliers Arnold analysis.
ORLANDO-Locally based Hilton Grand Vacations Co., a division of Beverly Hills, CA-based Hilton Hotels Corp., is selling one-, two- and three-bedroom units in the planned 452-unit project for $11,000 to $32,000 per week.