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WASHINGTON, DC-The nation's third-largest REIT's dividend is the equivalent of an annual yield of 8.9%, according to MeriStar's board of directors. MeriStar is the nation's third-largest REIT.
SEATTLE- Salomon Smith Barney has upgraded locally based Shurgard Storage Centers, a real estate investment trust specializing in self-storage facilities, to outperform from neutral. The company's stock price is flirting with a three-year high.
AUSTIN-A call center retreat in Austin doesn't mean the state capital has lost its appeal as a hub for the industry. Fact is, says the chamber's Mark Hazelwood, the call center trade is now part of the economic base and there's still great opportunities to be had.
LONDON-Britannic Asset Management has been granted planning consent on appeal for a 125,000 sf redevelopment of the former Kensington Market site, immediately next door to the Barkers department store in London's Kensington.
ORLANDO-Chicago-based APCOA/Standard Parking, one of the country's largest parking garage managers, doesn't want to handle the job at Orlando International Airport after September when its current contract expires. The contract's value was not disclosed.
DELRAN, NJ-The REIT moves one of its only two multifamily residential assets and plan to re-deploy the proceeds into office properties in the Northeast and Mid-Atlantic region.
BREA, CA-The 50,400-sf facility has been snatched up by a limited liability corporation as the county's industrial market continues to be tight. This deal comes on the heels of a $2.8 million sale in Anaheim.
TROY, MI-New Home Depot stores here and in Orion Township will provide a retail niche for do-it-yourself builders with 120,000-sf outlets. Both donated money to local youth groups upon opening their doors.
ATLANTA-The first phase of Columbus Park Crossing, 80 miles south of Downtown, is scheduled to open in summer 2002 with name tenants occupying 450,000 sf on an 85-acre portion of the planned 380-acre Columbus Park in Columbus, GA.