ATLANTA-The medical office business has taken longer to establish than the company expected, says Daniel DuPree, the company's president and chief operating officer. The new arrangement will help reduce costs and increase the firm's marketing efforts.
ATLANTA-The selling prices are between $44.50 and $46 per share. The stock was acquired between $28.05 and $38.94 per share. The stock is currently trading at about $44 per share.
ATLANTA-The selling prices are between $44.50 and $46 per share. The stock was acquired between $28.05 and $38.94 per share. The stock is currently trading at about $44 per share.
ATLANTA-A November ground-breaking is set for Galleria 600, a 432,000-sf, 18-story, $80-million spec tower being developed by Childress Klein Properties in the tight Cumberland-Galleria office area of Cobb County.
ATLANTA-The estimated $25-million project on 31 acres, just off Interstate 75 in Henry County, is about the size of five football fields. The developer can expand the facility by another 556,500 sf on an adjacent 29-acre parcel. That would give the complex a total 1.06 million sf of rentable space at an average $3.35 per sf.
ATLANTA-Post Properties Inc. is leaving Mississippi for good. The local-based REIT has sold its three apartment assets, totaling 983 units in Ridgeland, MS to Case Ventures of Tulsa, OK for $44.6 million or about an average $45,371 per unit.
ATLANTA-The Georgia Regional Transportation Authority may withhold state and federal monies that might add to traffic congestion, increase sprawl or make the air any dirtier. City and country leaders fear the agency will now control land use that traditionally has been in local hands. But GRTA chairman Joel Cowan says his group plans to work with local entities, not dictate development.
COWETA COUTY, GA-The $22-million, 82,000-sf Summit Healthplex, financed by 125 individual investors, is scheduled to open in October near Newnan, GA, about 45 miles south of Atlanta. Newnan-based OutMed conceived the idea for the three-story project.
ATLANTA-The properties comprise $225 million worth of the New York investment banker's off-campus students housing units and a 464-unit luxury apartment community near the Mall of Georgia in Gwinnett County. GMH Associates of Pennsylvania is a co-owner of the student housing.
ATLANTA-New ownership is about to launch into an $8.5-million renovation at the 89-year-old, 326-suite Georgia Terrace Hotel & Towers. A Q1 2001 completion is expected.