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ATLANTA-The locally based apartment REIT posted funds from operations of $33.7 million, excluding a $17.5 million severance and impairment charge. That compares to FFO of $41.7 million for fourth quarter 2000, excluding a $9.4 million charge.
ATLANTA-Post Properties and the New York State Common Retirement Fund put the finishing touches on a $75 million joint venture to develop Post's first apartment complex venture in Southern California.
ATLANTA-With a $33.5 million bid, Empire won out over 25 competitors for the 21-year-old, 608-unit, 90%-leased Northridge Lake Apartments in suburban Dunwoody/Sandy Springs.
ATLANTA-CNB Holdings Inc. of suburban Alpharetta, GA, is at $100 million in assets from $55.5 million in the year-ended period of Sept. 30, 2000, an 80% increase. The two-branch bank's broad range of products include commercial real estate lending and residential mortgage services.
ATLANTA-James A. Fleming, a law partner in Fleming & Ray, is the new senior vice president, general counsel and secretary at the locally based REIT. He replaces Tom G. Charlesworth who was promoted to executive vice president and chief investment officer in January of this year.
ATLANTA-The locally based multifamily developer hits 100% occupancy at the 452-unit Vinings community located just off Interstate 285 in northwest of Atlanta.
ATLANTA-The 12-year-old global developer is banking on near-future demand at SouthPoint business park generated from the planned expansion at Hartsfield Atlanta International Airport.
ATLANTA-The 55-year-old, Toronto-based engineering, consulting and management firm, with a three-year-old Atlanta presence, is relocating its U.S. headquarters to 66 Perimeter Center East from Chamblee Tucker Road in July. The five-year lease has an estimated aggregate rent value of $2.1 million.
ATLANTA-Fourth quarter funds from operations at America First Apartment Investors of Omaha, NE are up 13% increase from the comparable 1999 period. American First Apartment Investiors owns the 226-unit Retreat in Atlanta and the 260-unit Park Trace in Norcross, GA.