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SAN FRANCISCO-The locally based company says it will provide shareholders a one-time distribution of pre-REIT earnings and profits and, subject to final Board approval, a quarterly dividend of approximately $0.30 per existing share starting with the third quarter 2003.
CHICAGO-The REIT's acquisitions will be include deals where the perceived risk is greater than the actual risk or complex enough to chase away competitors, says president and chief executive officer Michael Brennan.
ATLANTA-Despite the current gloomy numbers, a sharp construction slowdown to 2.7 million sf in 2002 from 7.3 million sf in 2001 could help to stabilize Atlanta's 155 million-sf, 1,750-building market, according to a study by Bullock Mannelly Partners.
MT. LAUREL, NJ-The three separate transactions, two in New Jersey and one in neighboring Pennsylvania, have a combined value of more than $1.5 million.
SAN DIEGO-The development build-out value of Capstone Advisors' residential portfolio now exceeds $1 billion, according to the San Diego-based investor, which acts as a joint-venture partner for real estate developers.
HOUSTON-The 95-attorney firm of Beirne, Maynard & Parsons looks around and then signs a 75,000-sf renewal and 50,000-sf expansion for 1300 Post Oak Blvd. in the Galleria submarket. Location and parking help make the decision.
AUSTIN-The Texas Workers Compensation Commission will exit the 141,902-sf Southfield, a traditional office building, for Met Center 10. The move reduces rent and builds in flexibility if the agency is downsized.
SAN ANTONIO-The Texas Transportation commission clears the first of several incentives for the $133-million deal that won the $800-million Toyota plant for Bexar County. The road improvements were critical negotiating factors.
NEW YORK CITY-Now that the mold issue has crept into the industry's collective consciousness, banishing the slimy stuff has become an important consideration. A recent seminar on "Mold Mania" examined strategies for dealing with this growing problem.
DENVER-One of the nation's leading owner, operator, developer and acquirer of apartments has declared dividends for both the Cumulative Convertible Series A and Series D preferred share.