ATLANTA-The locally-based REIT is paying a fourth quarter dividend of .5675 cents per common share to shareholders of record on Dec 15. Gables' annual dividend will amount to $2.27 per share.
ATLANTA-Transportation is still the key factor behind a rehabilitation of the 105-year old East Point, GA plant. Braden Fellman Group is ready to invest $1.6 million to convert the structure to loft offices.
ATLANTA-Harbour Point Estates Inc. of suburban Alpharetta, GA paid $12.4 million for Chapel Hill Commons, a month-old, 101,000-sf property anchored by a Kroger supermarket. The sellers were developers Trammell Crow Co. and Faison Enterprises.
ATLANTA-Capital Hotel Investments bought properties in Alpharetta, GA, Los Angeles, Fort Worth TX and the Virgin Islands. Capital principals are Marriott International and affiliates of Blackacre Capital Management.
ATLANTA-The life insurance firm paid $44.9 million or $149 per sf for the six-story, 302,000-sf Royal Centre Four in north Atlanta. Opus will continue to lease and manage the assets.
ATLANTA-Architect/developer John Portman, known locally for creating the first buildings of Atlanta's modern skyline in the 1970s, has extensive operations overseas.
ATLANTA-Post Properties announced its third quarter results, which, as expected, fell short. The REIT also announced its pullout in some markets, asset sales and reduction of projects in the pipeline.
ATLANTA-A seven-REIT consortium is giving California-based Viva $17.3 million to expand a program that is already matching renters and owners and transacting leases online.