ATLANTA-After 12 months of searching for an all-star retail roster to occupy its planned 1.4 million-sf site at the open-air mall in Forsyth Center, the developer tells local government officials that the project may be delayed beyond the scheduled 2006 opening date.
COLUMBUS, GA-The Chicago-based REIT paid Jim Wilson Associates Inc. of Montgomery, AL $106.82 per sf for the 28-year-old, 92%-leased, 820,000-sf mall near the Fort Benning, GA military base.
DESTIN, FL-Having relocating its corporate offices to Florida from Memphis, TN, the company posted $742,000 in Q1 net income versus a net loss of $3.7 million in the comparable 2002 period. John W. McConomy is the company's new SVP and general counsel.
ORLANDO-ATMF Realty & Equity Corp. of Bloomfield, MI paid Denver-based Alliance Commercial Partners $94.90 per sf for the 19-year-old, single-story, 98,000-sf office building at 7100 Municipal Dr., adjacent to Sand Lake Business Park.
ATLANTA-After 12 months of searching for an all-star retail roster to occupy its planned 1.4 million-sf site at the open-air mall in Forsyth Center, the developer tells local government officials that the project may be delayed beyond the scheduled 2006 opening date.
ATLANTA-In the largest office deal of the year, Coca-Cola Enterprises Inc. is taking a total 214,000 sf for an estimated 10 years in some of the space IBM Corp. vacated at the 687,000-sf Wildwood Plaza at 3200 Windy Hill Rd.
ATLANTA-Newly named Post Properties Inc. director Barry Teague joins chairman Robert C. Goddard III and president/CEO David P. Stockert in a meeting with New York analysts. The ongoing battle for control of the company will be resolved at the May 22 shareholders meeting.
ORLANDO-Terms of the settlement include that the 20-year-old homebuilder relinquish properties with a book value of over $60 million and transfer $45 million worth of certain operating accounts payable and debt to the former joint venture partner.
JACKSONVILLE, FL-Despite a soft commercial development period, the 58-year-old construction materials company was still able to post record net income of $16.3 million, a 32% increase over Q2 2002 levels.
ATLANTA-After scouting sites in Houston, Baltimore and Pensacola, FL, the Mariner Healthcare Management Co. has expanded its corporate headquarters and consolidated its locations into One Ravinia, an 18-year-old, 376,538-sf office complex in Perimeter Center.