JACKSON, MS-The REIT came in on target with FFO at $9.96 million or $1 per diluted share, a 12% increase in FFO per share over the comparable period last year.
ATLANTA-The Fort Lauderdale, FL-based development company's regional office has moved into larger headquarters space in Roswell, GA and added 295,000 sf of new construction projects to its portfolio.
ATLANTA- The agreement provides $200,000 for a traffic study in and out of the Ansley Park neighborhood; $150,000 for a separate study of traffic within the neighborhood; and $2.8 million for traffic relief within the community.
ATLANTA-Funds from operations for the third quarter were $22.5 million, or 75 cents per share, versus $23.7 million or 73 cents per share for the same quarter in 1999.
ATLANTA-Construction begins November 1 on developer Childress Klein's Galleria 600, an 18-story, 432,000-sf, $80 million spec tower in the Galleria complex at Interstate 285 and Cobb Parkway. Completion is scheduled for second quarter 2002.
ATLANTA-Braden Feldman Group remodeled the 1926 Atlantic Ice & Coal Co. building in suburban Decatur, added a five-story addition, and built a separate four-story loft structure on the two-acre site. Occupancy is scheduled for January.
ATLANTA-The locally-based investment group bought the 352-unit, one-year-old Amber Chase asset from Moore & Murphy Co. for $22.5 million or $63,920 per unit. The 11-month-old fund's final deal is in the works.
ATLANTA-The estimated hard construction cost of the 14-story Millennium structure is $60 million. The office venture is part of a mixed-use project that will comprise a 19-story, 300-unit apartment venture planned by locally-based Post Properties Inc.
ATLANTA-EHCA hopes to get an OK from the state to serve the affluent, growing north metro population. The Emory Johns Creek Hospital would replace the 168-bed Emory Dunwoody Medical Center and the 294-bed West Paces Medical Center.