ATLANTA-The locally based independent hotel owner and operator lost $3.1 million in the third quarter from continuing operations before income taxes, reorganization items and minority interest.
ORLANDO-Daryl M. Carter, president of locally based Maury L. Carter & Associates and a trustee in several land investment groups, bought a total 263.8 acres for $2 million and sold 135 acres valued at $31.7 million in the past 45 days.
ATLANTA-Unified Residential, headed by Andy Been, wants Henry County commissioners to approve a 164-home subdivision even though a county ordinance prohibits firing a gun within 200 yards of a residence.
ATLANTA-If new zoning is approved, the Bentonville, AR-based retailer could have new superstores built five miles from one new site and 12 miles from another existing location, according to Henry County planners.
ATLANTA-Joe Laster, president of Abraham Properties LLC, plans to complete a $1-million renovation in March at the 79-year-old, 40,000-sf former Sunday school structure near Midtown and sell 39 office condos sized from 250 sf to 3,000 sf for $60,000 to $300,000 per unit.
SARASOTA, FL-Columbus, GA-based DVA Sports LLC plans to break ground in first quarter 2004 on a 30-acre, 7,400-seat multi-purpose entertainment facility at the 5,500-acre Lakewood Ranch community here.
ORLANDO-Brother developers Blaine and Tom Strickland head an investment group that is finding strong demand for small office, retail and restaurant space at class A-grade rents on South Alafaya Trail in east Orange County, 10 miles from Downtown.
ATLANTA-The 11-year-old, San Francisco-based firm has closed three lot option deals with Alpharetta, GA-based MDC Homes which plans to build 600 single-family and townhomes that will have an estimated build-out value of $168 million, or about $280,000 per house.
DAYTONA BEACH, FL-Only 70% leased at funding, Minneapolis-based NorthMarq Capital arranged the 10-year, first mortgage on the 346,000-sf shopping center for Bellair Plaza Ltd. with Citigroup's Global Markets division.
ORLANDO-The 40-year-old, former Chicago home builder, and three law partners in Alvarez Sambol Winthrop and Madson, pay billionaire Joseph Lewis and his associates $4.7 million per acre, or $108.26 per sf, for the rundown Downtown property that planners consider to be the redevelopment core of the central business district.