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CLEVELAND-The hotel REIT reports sharp decreases in funds from operations, revenue and occupancy. The performance was expected in the aftermath of the Sept. 11 terrorist attacks on the US. A fourth-quarter dividend cut is likely.
FT. LAUDERDALE, FL-Citing concerns regarding current absorption levels in Broward County for larger buildings, Mid-America Management Corp. has dropped the sale price of the Chromas facility in Fort Lauderdale by $1 million.
CHICAGO-Two Lambda Alpha International and Real Estate Investment Association panels point out that the realities of a master plan often clash with ideals, and Chicago's tradition of aldermanic prerogative more often than not works in citizens' favor.
SAN JOSE, CA-Santa Clara County Tax Assessor Larry Stone has joined forces with two developers to build 249 affordable housing units in downtown San Francisco.
NEW YORK CITY-The World Trade Center's largest tenant has signed a five-year lease in the Downtown building where it already occupies 73,000 sf of office space.
SAN ANTONIO-The fast-growing Dallas-based restaurant chain roosts in two new locations here with another waiting in the wings as part of 13-state expansion. Wingstop Restaurants Inc. will then have five locations here.
LOS ANGELES-Shoppers crowd into stores here and across the US, hunting for post-Thanksgiving bargains. Good turnout raises hopes that the holiday sales season will be better than some analysts are expecting.
HOUSTON-Gopal Reddy Jannapureddy Houston buys 16.8 acres on Smith Road near the intersection of I-59 and the Sam Houston Tollway. Two smaller parcels nearby also change hands, as Neeshaw Partners sells.
CLEVELAND-Kristian D. Bjorson, a logistics group director, manages consulting and real estate implementation in the local office, wins the company's "Champion of Excellence" Award at the age of 31.