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MIAMI-The locally based REIT posted Q4 funds from operations of $10 million, up from $8.7 million in the same 2001 period. Net income of $7.3 million, or 21 cents per diluted share, was up from $5.1 million or 18 cents per diluted share in Q4 2001.
ORLANDO-One month after resigning her vice president's position at Xentury City Development Co., Susan Lawrence formed her own company and closed on the largest per-sf-price neighborhood shopping center deal this year.
TAMPA, FL-Bayshore Property Corp. paid an average of $82.31 per sf for a combined 193,174 sf of suburban office product in the Westshore submarket of Tampa, FL.
WEST PALM BEACH, FL-The Oak Brook, IL-based REIT paid Woolbright Tequesta Ltd. of Boynton Beach, FL $104.42 per sf for the 17-year-old, 109,937-sf property in the affluent Tequesta, FL suburb.
ATLANTA-The locally based owner/operator of 96 Jameson Inns and 25 Signature Inns posted funds from operations of $2.58 million or 22 cents per diluted share of common stock versus $1.5 million or 13 cents in the same 2001 period.
ATLANTA-The Columbia, MD-based developer, shooting for a late 2003 ground-breaking, is delaying for six months to a year the construction start of the 1.4-million-sf, open-air regional mall in Forsyth County.
ATLANTA-The Oak Brook, IL-based REIT paid a below-replacement cost price of an average $99.42 per sf for a total 865,000 sf of retail at the two-year-old MarketPlace at Mill Creek and the one-year-old Stonecrest MarketPlace.
ORLANDO-North Florida developer F.W. "Freddie" Schinz will be constructing the four-tower, 17-story, 560-unit community for about $267,857 per unit and plans to sell the one-bedroom and two-bedroom homes at a starting price of $245,000.
MIAMI-The locally based data center designer/operator increased its revenue to $2.6 million in the quarter ended Dec. 31, 2002 compared to $2.4 million in the prior quarter. Its EBITDA improved to $4.2 million from $4.4 million.
FORT LAUDERDALE-The Chicago-based steakhouse chain is negotiating with developers Richard D. Zipes and Tarragon Realty Investors for a 7,500-sf, ground-floor restaurant in the 42-story, $200-million, mixed-use condo project.