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NEW YORK CITY-Lehman Brothers' analysts expect REITs will outperform the broader market, turning in a total return of 10% over the next year.
LOS ANGELES-Key group of planning agencies vote to limit growth at LAX, but an official involved in $12-billion growth proposal promises to move it forward.
DALLAS-It's a year of change in the management arena as five more Dallas-Ft. Worth companies make internal changes. Some have been promoted and others hired in the ongoing shuffle to position the companies for 2001 and beyond.
ATLANTA-The local office of the national brokerage negotiated for New York-based Blackstone Real Estate Advisors and Norfolk, VA-based Stanton Properties in the $11.2 million sale of the 175,843-sf Colonial Square Shopping Center in Colonial Heights, VA near Richmond, 500 miles northeast of Downtown Atlanta.
ATLANTA-Fourth quarter funds from operations at America First Apartment Investors of Omaha, NE are up 13% increase from the comparable 1999 period. American First Apartment Investiors owns the 226-unit Retreat in Atlanta and the 260-unit Park Trace in Norcross, GA.
BOISE, ID-A $69.8 million one-time charge has the company reporting a first quarter loss of $35.5 million, or 68 cents a diluted share. Even without the charge, earnings were off 80%.
LOS ANGELES-Real estate experts remain optimistic about activity in the 101 Technology Corridor, citing the region's diverse economy as a key buffer against any dot-com fallout.
DENVER-Chateau Communities has added 288 sites to its Indiana portfolio, paying $5.4 million for the Indianapolis-area property. The REIT now owns six properties in the region and 11 statewide. A REIT exec says Hoosier Estates has right operating potential.
MIAMI LAKES, FL-The former controller of the locally based company's properties division will manage the fiscal operations of the firm's office, industrial and retail divisions. Miami Lakes is 11 miles north of Downtown
JEFFERSON CITY, MO-The Truman Sports Complex, Kemper Arena and Municipal Auditorium in Kansas City; a new Cardinals stadium and Savvis Center in St. Louis; and a new arena at the University of Missouri in Columbia would get funds.
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Download ResourceFrom Placer.ai
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Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
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