ATLANTA-The loans were used to pay down general corporate debt and are secured by Heritage Walk in Milledgeville, GA,; Pine Ridge Square in Fort Lauderdale, FL; and Mackland Pointe in Atlanta.
ATLANTA-Construction on the $150 million housing and retail project is tentatively scheduled to start in early 2002 and will take five years to complete. The value of Lane's development and management contract wasn't disclosed.
ATLANTA-The Florida service provider is studying areas north and west of the city where it will line up local strategic alliances after opening its first office here at an undetermined date in the next 12 months.
ATLANTA-The locally based REIT paid $77.68 per sf for the 102,985 sf, 97%- leased Unigold Shopping Center in suburban Winter Park. The acquisition is IRT's second this year totaling $19.6 million.
ATLANTA-The New York-based firm paid locally based Post Properties Inc. $67.25 million or $83,024 per unit for the 810-unit, 100-acre Gardens of Dunwoody in Atlanta and $17.2 million or $43,878 per unit to an undisclosed seller for the 392-unit, 19.5-acre Andover Woods apartments in Charlotte.
ATLANTA-Locally based Project Time & Cost is providing high-tech software that links pre-approved repair contractors to its on-line repair pricing databases for 100 metropolitan areas. The value of the contract wasn't disclosed.
ATLANTA-The locally based firm's decision reverses an earlier plan to stop the repurchases in October of last year due to the low market price of the stock. Shares are currently trading on the Nasdaq at $6.75. The 52-week high-low is $7.75 and $5.
ATLANTA-Hospitality officials are optimistic, however, that overall reservations in metro Atlanta should be on par with last year, as they benefit from convention and trade show business, and tourists staying closer to home.
