JACKSON, MS-The Mississippi-based REIT posted funds from operations of $15.7 million or 71 cents per share, up 10.9%; and net income of $5.5 million or 25 cents per share. The company expects to close on a 20-acre tract in Fort Myers, FL in the third quarter. The land is adjacent to a 10-acre parcel EastGroup bought for development in 2005.

ATLANTA-The Bethesda, MD-based investor and locally based Noble Investment Group pay $166,666 per room for the 369-room property in the Perimeter Center submarket. Area hospitality sources tell GlobeSt.com the per-room price is below replacement cost in today's escalating construction costs environment.

ATLANTA-The Bethesda, MD-based investor and locally based Noble Investment Group pay $166,666 per room for the 369-room property in the Perimeter Center submarket. Area hospitality sources tell GlobeSt.com the per-room price is below replacement cost in today's escalating construction costs environment.

ATLANTA-The Bethesda, MD-based developer files preliminary plans with the Atlanta Regional Commission for the Mountain, a south Cobb County development near suburban Vinings. The project would comprise 396 residential condos, 35,000 sf of retail and 5,500 sf of office.

ATLANTA-The Bethesda, MD-based developer files preliminary plans with the Atlanta Regional Commission for the Mountain, a south Cobb County development near suburban Vinings. The project would comprise 396 residential condos, 35,000 sf of retail and 5,500 sf of office.

ATLANTA-The Bethesda, MD-based developer files preliminary plans with the Atlanta Regional Commission for the Mountain, a south Cobb County development near suburban Vinings. The project would comprise 396 residential condos, 35,000 sf of retail and 5,500 sf of office.

ORLANDO-A shortage of buildable land and the vigorous sales of small condo buildings could bring the product pipeline down to a one-year supply of space by the end of this year, says Lyle Nelson of Rebman Properties Inc.

ORLANDO-Locally based Zom Inc. starts construction today on the 16-story mixed-use community at 400 E. Central Blvd. Downtown. The development will have 313 condo homes, 35,000 sf of retail and 10,000 sf of offices. ZOM sold all of the condo units in 2005 at an estimated aggregate price of $156 million.