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ATLANTA-Jameson Inns Inc., which plans to shed its REIT status in 2004, is reporting revenue per available room of $33.55 in August, a four-cent increase from August 2002. Occupancy among all brands was 55.5%, up from 54.4% at this time last year.
GLENN DALE, MD-The 316,000-sf Glenn Dale Business Center opens its doors to a new tenant with disaster services concern Popowski Brothers Inc.'s leasing of 9,200 sf of space.
HOUSTON-District officials give a green light to paying close to $2 per sf for land at the intersection of Homestead Road and Loop 610 East in the Northport Industrial Park. The site will house a food distribution center.
GAITHERSBURG, MD-Two apartment communities hit the market in the still-thriving Montgomery County area apartment market and bring in nearly $65 million from one buyer.
FARMINGTON HILLS, MI-An expansion of the North Orchard Plaza here is nearing completion with a 130,000-sf Home Depot, severing as the anchor and a 150,000-sf Sam's Club under construction now. The project, discussed for more than a decade, is being developed by Grand Sakwa Properties Inc.
MCLEAN, VA-The Multifamily Affordable Housing division at Freddie Mac gets a new director with W. Kimball Griffith's appointment to the position. Kimball succeeds Douglas Westfall.
NEW YORK CITY-If the city wins its bid for the 2012 Olympic Games, the Olympic Village will be turned into residential housing after the 17-day spotlight.
LONDON Industrial specialist IOG has been given the green light for a 91,000-sf speculative second phase of its River Road warehouse scheme at Barking in East London.
LONG BEACH, CA-The Beverly Hills-based hotel chain plans to have the 12,000-sf meeting center open and operating early next year in a $5 million project.
DALLAS-The panel of four talked of problems and promise for the US at large and North Texas in particular. The logistics of the economic message show upside potential and forewarn of a gathering Tsunami for the industrial sector.