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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.
RIDGELAND, NC-South Carolina Electric & Gas Co. is one of the catalysts sparking development interest in tiny Jasper County (Pop. 21,000), 160 miles southeast of Downtown Charlotte.
BOSTON-City Mayor Thomas M. Menino releases his budget for next year and it disappoints local housing advocates who oppose the lack of funding for affordable housing here. The proposed 2002 budget is only 4.4% larger than this year's.
AUSTIN-The Mattress Firm has wrapped up a relocation of its warehouse facilities from the city's northern tier to the north central submarket. The retailer now occupies 20,400 sf at Rutland 6. The signing takes the 76,500-sf building to full lease-up.
DENVER-Average monthly rent outside Denver's borders has set a new high, $750. Eagle County's $1,000.71 per month surpasses even Aspen. Rents could go up even more as vacancy rates drop.
PHOENIX-A Los Angeles-based real estate investment company has purchased a West Valley apartment complex for $7.9 million, as demand for apartments and rents rise in the area.
OVERLAND PARK, KS-The total number of permits issued are 53 fewer than last year. The only area of growth is new construction permits, where the 29 issued this year are four more than the first quarter of 2000.
SEATTLE-John Dunton and Rolland Jones have found nearly 20 sites for the national office supply retailer in recent years, but the two recent locations they found for the Framingham, MA-based company are definitely geared for the future.
ATLANTA-The state's commercial and industrial utility customers will have more than energy to keep the lights on this summer, unlike the under-supplied, deregulated utility markets in California.
PHOENIX-One of the nation's largest financial institutions is leaving Arizona to focus on its Midwest locations and is selling its assets to the sixth largest bank in the state.