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ATLANTA-The selling prices are between $44.50 and $46 per share. The stock was acquired between $28.05 and $38.94 per share. The stock is currently trading at about $44 per share.
CHICAGO- Real estate titan continues to predict massive consolidation for the real estate industry, saying the upcoming changes will be akin to the "oligopolization" of steel and autos early last century. Zell says the two REITs he launched and in which he remains the largest shareholder, Equity Office REIT and Equity Residential REIT, will increasingly focus on offering services to their huge client base. Sees Equity Residential offering insurance and mortgages to renters who are leaving to buy homes.
CHARLOTTE-This Durham, NC company didn't have to put out bids for a materials contractor to build its new $3.2 million, 4,240-sf plant at 325 E. Hebron St. here. Unicon Concrete is using its own product.
MIAMI-Operational shock waves continue to rumble through the movie theater business. Regal Cinemas, both South Florida's and the nation's largest operator, is reported to be shelving plans for new locations and trying to cancel leases on existing properties.
FT. COLLINS, CO-Cytomation Inc., an international biotech instrumentation company, is doubling the size of its headquarters in this northern Colorado city. The $3-million, 27,000-sf project is positioned adjacent to its 11,000-sf manufacturing facility.
EUGENE, OR-Guard Publishing Co., which owns the Eugene Register-Guard newspaper, wants to develop the Summer Oaks Business Park on 20 acres next to its newspaper office on Chad Drive.
DENVER-The end gets closer for the landmark 100,000-sf Currigan Hall, designed to be taken apart and rebuilt like a Tinker toy, with a board nixing a city-civic plan to relocate it across the street to the Auraria Higher Education campus. The city's planning director and a preservationist architect says they will continue to court relocation suitors.