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ORLANDO-The 73-year-old construction materials company posted third-quarter net income of $17.7 million or 76 cents per share on sales of $790 million versus $18.8 million or 80 cents per share on revenue of $863 million a year ago.
NORTH MIAMI BEACH, FL-Recent acquisitions of Centrefund Realty (U.S.) Corp. and United Investors Realty Trust drive up total third-quarter revenue, funds from operations and FFO per share.
HOUSTON-Crescent's 5 Houston Center, scheduled for an early 2002 topping out, reaches 71.6% pre-leasing as a deal closes for 16,347 sf. The Bank of Texas will set up a 3,949-sf branch on the ground floor and occupy 12,398 sf of 16th floor office space.
DETROIT-A $130-million brain research lab tops the list. The new requests are part of a $350-million-plus capital campaign. Improving a 75-acre research and technology park also is on the list.
ROLLING MEADOWS, IL-Motorola's departure from 190,000 sf from the 1.16-million-sf complex was expected to give Prime Group Realty Trust's leasing team a year-long job until about 75% of it is close to being taken.
DENVER-Horwath Horizon Advisors/Montgomery & Associates tells GlobeSt.com occupancy at Denver area hotels fell to 54.8% in September, and indications are October will see an uptick only to 58%.
BIRMINGHAM, MI-A posh, yet controversial, new theater opens with a Harry Potter movie. The Uptown Palladium 12 flies in the face of the large mega-plex trend. Nearby Uptown Birmingham 8 begins showing foreign and independent films.
PHOENIX-It's been eight months in the making, but the high-profile Endomed finally settles into a neighboring 15,839 sf in its building at the Phoenix Tech Center in the metro area. The five-year pact is valued at nearly $1 million.
EAST PALO ALTO, CA-IKEA wanted to build a furniture store on 10-acres situated along Highway 101. The city rejected the idea last month, but had to do so once again this week after a city attorney determined procedure wasn't followed correctly.
ATHENS-The office market in the Greek capital is set for a record year in 2001, with new research from FPD Savills suggesting that take-up will reach an unprecedented 1.3 million sf.