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ATLANTA-The locally based REIT paid $77.68 per sf for the 102,985 sf, 97%- leased Unigold Shopping Center in suburban Winter Park. The acquisition is IRT's second this year totaling $19.6 million.
NEWPORT BEACH, CA-Nationwide Health Properties Inc. sold facilities last year valued at $35 million to enhance its liquidity, and thereby causing a drop in earnings.
WASHINGTON, DC-Despite increasing energy costs and a sluggish US economy, Marriott reports its first-quarter earnings exceeded expectations across its brands. Even so, revenue growth has "clearly slowed," according to its CEO.
TIGARD, OR-Working Solutions, a Portland-based subsidiary of UnitedHealthcare, is taking the entire third floor in Opus Northwest's Southwest Center office building under construction here on Durham Road.
DUBLIN, CA-Safeway plans to build a 55,000-store, a Safeway Fuel Center and an additional 10,000 sf of retail space here at the corner of Dublin Boulevard and Amador Plaza Road.
MINNEAPOLIS -Highland Bank helped the owner redevelop the building, which now goes under the name of Highland Bank Court. Parent company Wall Cos. has operated its Minneapolis bank branch from the building since May 2000.
ORLANDO-Florida Business Brokers Association presents a Diamond Achievement award and a Million Dollar Club plaque to the Corporate Investment International sales associate.
MARLBORO, MA-Lucent Technologies may be considering a move out of its 500,000-sf campus here, according to unconfirmed reports. The New Jersey-based telecommunications company also owns the development rights to another 500,000-sf here.
COLUMBIA, SC-The service incorporates loan origination, secondary marketing and payment processing but its brand isn't shown to borrowers. Columbia is 100 miles south of Downtown Charlotte.