ATLANTA-REIT's directors approve 50% dividend. The new shares will be distributed Oct. 2. The 25-year-old company will have 48.6 million shares outstanding. The stock is trading at $42 per common share.
ATLANTA-Panattoni Development Co. envisions eight million sf of warehouse/distribution space at its 413-acre Interstate South Industrial Park in Henry County, just south of Downtown Atlanta.
ATLANTA-Big-box tenants at the 380,000-sf regional retail center are Circuit City, Wal-Mart, Old Navy, Staples and Michaels. The site is in Conyers, Rockdale County, about 28 miles east of Atlanta.The estimated construction cost: $50 million.
ATLANTA-Miller Zell signs seven-year lease with renewal options at the new 55-acre property as developer M.D. Hodges Enterprises Inc.breaks ground on a second, 312,000-sf asset in south Fulton County near Atlanta International Airport. The estimated value of the lease is $12.6 million.
ATLANTA-Carter & Associates snares 101 acres for a $210 million, eight-building complex in metro's northeast quadrant. The land was purchased for $13.6 million or $134,653 per acre ($3.09 psf).
WOODSTOCK, GA-The PIC Group of Marietta, Ga. pays $2 million or $95,238 per acre ($2.19 psf) for a tract in the 335-acre Ridgewalk mixed-use development about 22 miles north of Atlanta.
ATLANTA-First CLS Inc., founded by Dorey Publishing & Research of Atlanta, and Realty IQ Inc. of New York plan September debuts of separate online services. Each firm will attempt to undercut CoStar's basic monthly fee.
ATLANTA-Three warehouse assets totaling 390,000 sf have exchanged hands for $3.5 million or an average $8.97 psf in the city's industrial west end. The properties are being transformed into telecom centers.