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RALEIGH, NC-The REIT's directors will be paying shareholders a common stock cash dividend of 58 1/2 cents per share for the second quarter ended June 30. That's an increase of 3% from the first-quarter dividend of 57 cents. The second quarter dividend equates to an annual dividend of $2.34 per share.
LOS ANGELES-The 141,918-sf complex has been sold to a limited liability company. It is the second large office sale to occur in the county in the past week.
BOSTON-A presentation created by developer Frank McCourt aims to ease the concerns of residents about increased traffic attracted to a new Boston Red Sox ballpark that may be built on his property.
LOS ANGELES-The 141,918-sf complex has been sold to a limited liability company. It is the second large office sale to occur in the county in the past week.
FLINT, MI-Buick City, Flint's former namesake, has been around the longest but the five-million-sf facility must go, General Motors says. City officials are examining the site to bring in possible tenants.
AUSTIN-Illinois-based Career Education Corp. has taken the reins to the Texas Culinary Academy in Austin. On the front burner is an expansion, says the acquiring company. The 15-year-old Texas school is located at 6020 Dillard Dr. in the city's north submarket.
TAMPA, FL-The privately held Rahway, NJ-based developer/investor picked up two office properties totaling 160,000 sf from its $186.3 million acquisition in May of the 2.7 million-sf Banyan Strategic Realty Trust (Chicago) asset package. Tampa is 80 miles west of Downtown Orlando.
FAIRVIEW, OR-The Portland developer gives the county space for under $8 per sf to secure the public library that will further its increasingly successful amalgamation of urban convenience and suburban geography on 95-acres 15 miles east of downtown Portland, at the gateway to the Columbia Gorge.
DETROIT-Most of additional 65,000 sf of space added during the $30-million redesign and renovation is used for exhibitions for the estimated 500,000 visitors Detroit Science Center draws every year.
ATLANTA-The subsidiary of locally based Lane Cos. has sold 47 out of the 60 condominium units at Freedom Lofts for a total $10.34 million or an average $220,000 per unit. The lofts are in the renovated National Linen Service Warehouse across from the Carter Center in the Ponce-Highlands neighborhood.