ATLANTA-The locally based REIT credits the 2000 performance to increases in rental property revenue from projects that became partially or fully operational during the year and from the continued strong performance of existing properties.
ATLANTA-Advantis Real Estate Services Co. loses third professional in last 18 months to Grubb. The others are Rick Lackey, head of Grubb's Atlanta office and broker John Poulos.
ATLANTA-The forestry equipment manufacturer, owned by Deere & Co., is consolidating existing area offices and leasing 18,272 sf for at least five years at an estimated aggregate rent of $2 million in Brookside/100 at Brookside Concourse, 25 miles north of Downtown.
ATLANTA-Alltel Communications Products has signed a seven-year lease on Meadows X in the Meadows business park at an estimated aggregate rent of $6 million. Area rents are $5.25 per sf to $8.50 per sf.
ATLANTA-The hotel company is the third client contracting for the locally based firm's ePortcard hotel guest comment system. The value of the contract wasn't disclosed.
ATLANTA-After impressive demand during the first three quarters of 2000, the metro market showed signs of slowing in the last three months of the year, according to M/PF Research Inc., a Dallas-based firm. Rents climbed by 3.4% with the average quoted rent at $798 per month.
ATLANTA-The Indianapolis-based REIT and locally-headquarter M.D. Hodges Enterprises Inc. will be erecting a spec five-story, 135,533-sf, class A structure at an estimated construction cost of $13 million at the $1 billion Hillside at Huntcrest mixed-use park in the Interstate 85 corridor of Gwinnett County, 35 miles northeast of Downtown.
ATLANTA-There seems to be no cooling off in the fierce battle among grocery stores in the metro area. The two leaders in the market each plan to open a number of new stores this year.
ATLANTA-Despite a softening construction industry and metro-wide layoffs, occupancy and room rates are expected to increase slightly in 2001, according to a new study by Ernst & Young's Hospitality Services Group here.
ATLANTA-As local economies have felt the pinch of a slowdown and competition in economy hotels has increased, the locally based hotel company says it will be selling 10 operating hotels with about 400 rooms for an undisclosed price to pay down debt and fund new acquisitions.