ATLANTA-Standard & Poor's downgrades the DeKalb County Housing Authority bonds to BB and B from BBB and BB. At the same time, the New York-based rating agency raises suburban Alpharetta, GA's $52 million general obligation debt to AA+ from AA.
ATLANTA-Q4 financials show a net loss available to common stock shareholders of $2.3 million, or a loss of six cents per diluted share. On the positive side, the locally based apartment developer completed the lease up of its 276-unit Post Biltmore community in Midtown.
ORLANDO-NAI Realvest Holding LLC president Geof Longstaff tells GlobeSt.com he sees a new need by businesses throughout the Southeast for independent corporate management services on special real estate projects.
ORLANDO-Rebman Properties Inc. of suburban Maitland, FL puts the Q4 vacancy level at 16.72% among 150 flex space buildings south of the East-West Expressway. Colliers Arnold Real Estate Services Co. numbers show 14.27% and 14.75% vacancies in two other submarkets.
ORLANDO-Inland Real Estate Acquisitions Inc. of Oak Brook, IL paid $9.15 million or $83.99 per sf for the 18-year-old, 108,944-sf shopping center at the northeast corner of Aloma Avenue and Howell Branch Road in suburban Orlando.
ATLANTA-M.D. Hodges Enterprises, the Atlanta suburban affiliate of New York-based Blackstone Real Estate Advisors, is looking to a March start on a distribution center within the hot 1,200-acre Southpark development.
ORLANDO-After being rejected three years ago for a 250,000-sf structure because the retail box was too large for the community, the Bentonville, AR-based retailer plans to break ground by year end in Clermont, FL on an estimated $21 million building.
JACKSONVILLE, FL-In a strategic tax-deferred deal, the Florida East Coast Industries Inc. subsidiary acquired the four-year-old, 100%-leased Office Centre at Southpoint, 4.76 acres in Jacksonville and three buildings at Beacon Station.
ATLANTA-If it passes, the Feb. 6 vote will spell the end of an aggressive 20-year run by JDN Realty Corp. and the emergence of Cleveland-based Developers Diversified Realty Corp. as the second largest shopping center REIT in the US.
ATLANTA-The locally based REIT posts fourth-quarter net earnings of $10.8 million, up 92.7% from $5.6 million in the comparable 2001 period. Fully diluted funds from operations increased 20.4% to $12.39 million versus $10.29 million a year ago.