ORLANDO-The 18-year-old REIT posted 2002 funds from operations of $57.88 million or $1.43 per share versus $44.61 million or $1.41 per share last year. Dividends increased to $1.27 per share, marking the 13th consecutive year of dividend increases.
ATLANTA-Slaughter Realty's proposed Stonegate project would encompass 104 town homes, 322 single-family homes and would be located 60 miles northwest of Downtown Atlanta, near the Alabama border.
ORLANDO-Louis J. Pearlman will be moving 600 employees in first quarter 2004 from his International Drive headquarters to a 136,000-sf structure at the eight-building, 7.3-acre Downtown site currently under redevelopment.
ORLANDO-Gregory Golgowski will be responsible for the wildlife habitat management and education programs at the 11,000-acre mixed-use venture, 40 minutes south of Downtown Orlando.
ORLANDO-Florida Housing Affordability Inc. paid SE Residential East LLC $31,250 per unit for the 24-year-old, 40-unit Rollingwood Apartments in suburban Casselberry, FL. The 576-sf average unit size reflects a sales price of $54.25 per sf.
ATLANTA-Cushman & Wakefield brokers Brown Edwards and George Liddon sign the Lithia Springs, GA-based hair-care products manufacturer to a seven-year lease at an estimated aggregate rent of $4.78 million.
ATLANTA-Leo A. Daly Architecture-Interiors of Omaha, NE is taking a five-year lease in the loft-style space with 14-foot to 16-foot ceilings in the historic, 108-year-old former mill structure an estimated aggregate rent of $600,000.
ORLANDO-Johnson Ezell Corp. of Clearwater, FL sold the 1,231 Florida independent living retirement units in Leesburg, Port Charlotte and Clearwater for $91,795 per unit. Now the joint venture is scouting for more health-oriented acquisitions.
ORLANDO-Masters Development Inc. paid Dallas-based GE Capital $61,224 per sf for the 98,000-sf, 92%-leased Poinciana Place Shopping Center at the commercially hot intersection of State Road 535 and U.S. 192 in Kissimmee, FL.
ATLANTA-The $1 billion, 12 million-sf mixed-use project signs new contracts with Mama Fu's Noodle House and Moe's Southwest Grill. The 138-acre redevelopment is shooting for a yearend opening on the site of the former Atlantic Steel Mill.