ATLANTA-Locally based Haverty Furniture Co.'s offer to buy four Atlanta area stores HomeLife Co. leased from Sears Roebuck & Co. has been rejected. The offered price wasn't disclosed. HomeLife is in Chapter 11 protection.
ORLANDO-The three-day conference of the International Council on Shopping Centers, ending today, drew 1,000 attendees who heard safety consultants suggest added security drills to protect their customers and their properties.
ORLANDO-Tennessee-based Gaylord Entertainment is also re-branding its Nashville hotel, Gaylord Opryland, and its Grapevine, TX property, Gaylord Opryland Texas. The hospitality and media conglomerate is shooting for a high-quality image, company officials say.
ORLANDO-Area brokers tell GlobeSt.com at least 100,000 sf of new industrial space here could be in the works after Washington's expected selection Friday of Boeing Co. or Lockheed Martin Corp. to build 3,000 Joint Strike Fighter jets at about $40 million apiece. Industry analysts expect Washington split the contract 60-40.
ATLANTA-PFK Consulting Inc. projects the area's 80,000 rooms will remain at less than capacity through 2002 at a 60% occupancy before recovering in 2003 to 65% occupancy, generally considered by hoteliers as the break-even level.
ORLANDO-If Haskell Co. of Jacksonville, FL can't do a first-phase, 125,000-sf, 652-bed expansion for the budgeted $25 million and bring in the job in 12 months, elected officials say they will give the work to Centex-Rooney Construction Co. of Fort Lauderdale, FL, the county procurement staff's initial selection. The contract hasn't been signed.
ATLANTA-With so much product surfacing, property managers and owners are cutting rents and offering a mix of concessions to retain residents and attract new tenants, M/PF Research of Carrollton, TX finds in a new third-quarter analysis.
ORLANDO-Tallahassee staffers send the 10-year-old, controversial mixed-use venture in rural south Lake County back to local elected officials who last year refused to give the Orlando developers more time to break ground on the projected $1.2 billion, 20-year undertaking.
COLUMBUS, MS-The Tennessese Valley Authority's $25 million, two-acre complex is designed to store up to 120 megawatt-hours of energy and will be capable of providing power to 7,500 homes for up to 10 hours. Completion is scheduled for 2003. Sixty jobs will be created.
