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ATLANTA-Hit by a weakened economy and cash flow problems, Roberts Realty Investors suspended payment of its dividend for the fourth quarter of 2001 and the first quarter of 2002.
DENVER-In one of the largest land deals in years, Gates Corp. deals off two-thirds of its Denver campus to Cherokee Investments Partners II, L.P. The acreage includes 2.2 million sf spread over 12 buildings.
HOUSTON-Medical space is on the move as one broker, Jason Whittington of the Houston office NAI Partners Commercial, inks more than 13,000 sf in leases in Houston and Pearland.
CLERMONT, FL-In its second time at bat in 12 months, the Atlanta-based retailer wins a 3-1 vote from city council members but gets a thumbs down from the mayor to build an estimated $10 million, 129,788-sf retail center in this Orlando bedroom community of 16,000 permanent residents.
CHESTERTON, IN-A 120-room Hilton Garden Inn here is the first of five properties planned by the Beverly Hills, CA-based chain. Companies controlled by Gerald A. Stillman will own and manage the hotel.
CHICAGO-Hearts United Phase III Limited Partnership will build 53 multifamily units, most of them for those earning less than 60% of the median income, on 200 acres near 43rd Street and Cottage Grove Avenue.
HOUSTON-A bridal wholesaler picks up one of the former Weiner's Stores in an effort to revitalize its community. The 39,327-sf building was purchased from the bank that had foreclosed on the property.
WALNUT CREEK, CA-Colliers has hired investment broker Maria Choi as a big part of its strategy to take advantage of East Bay commercial opportunities. Choi left a position as an investment broker at BT commercial to join Colliers.
CHICAGO-Buoyed by rich per sf prices paid for several Walgreens outlets, retail property values have remained strong in the market, according to Marcus & Millichap Real Estate Investment Brokerage Co.
NEW YORK CITY-The commercial real estate market in New York City, and the city itself, can emerge from the devastation of Sept. 11 stronger and healthier according to prominent Manhattan developer Jerry Speyer, keynote speaker at a Nov. 29 gathering at the Roosevelt Hotel.