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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.

SAN JOSE, CA-Internet switch manufacturer Alteon WebSystems announced this week that it has finalized a 10-year lease on two office buildings.

DENVER-A Denver developer is exercising her majority rights in a 300,000-sf center, recently completing a $2 million face-lift capped off by a name change for a 53-year-old retail spot once hailed as "the largest modern shopping center in the West." The $2 million project is designed to appeal to New Economy shoppers.

ORLANDO-For the first time since the mid-1990s, supply is outpacing demand in metro Orlando's multi-housing market. Six-month vacancies in the 117,000-unit market are at 6.5%, up from 4.7% at yearend 1999. Monthly rents average $693 per unit, up 2.7% from $675 per unit.

APPLE VALLEY, MN - Outernet store in Apple Valley is first of 20 planned.

BOCA RATON, FL-If they are all built, this south Palm Beach County city's downtown area would gain three mixed-use developments totaling 347,350 sf and 459 apartment units. The estimated hard cost construction value of the apartments alone is $70 million.

BOLINGBROOK, IL - Spears will use the 403,900-sf facility as its Midwest distribution center.

SEATTLE-Two people, one from outside and one from inside the organization, are filling vacancies left by Chief Executive and President Gary Tucker, who retired in May.