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INDIANAPOLIS-The Indianapolis-based office and industrial REIT announced a 10.5% increase in funds from operation in the last three months of 2000, its 21st straight quarter of double-digit growth.
CHARLOTTE- Because no definite route has been established for the 20-mile Winston-Salem to Greensboro venture, the cost of the project remains unknown, according to a published article. However, Greenways Inc. officials confirm similar projects have averaged $200,000 per mile.
ROSEVILLE, CA-The 122-unit, $14.5 million project located in the heart of this city's central retail district opened its doors recently with an occupancy rate above 50%. Before it was completed in late December, the center was 35% pre-leased.
FARMINGTON HILLS, MI-Demand for good office space in Detroit and the Metropolitan Area will soften in next five years, but it will still exist, said the company.
CHICAGO-The market's largest industrial REIT will use PropertyFirst's Private Label System to market its inventory and maintain information on availability on the company's web site.
CHICAGO-The multifamily REIT and BPMT acquire the 483-unit AMLI at Osprey Lake. The 22-building project on 87 acres was built in 1997 and 1999. That fits in with the REIT's goal of keeping its portfolio young.
HOUSTON-A growing market coupled with a 5% vacancy rate has sparked the sale of the 576-unit Madison Park Apartments. A CB Richard Ellis team had the buyer and the seller in its client roster.
WHITE PLAINS-Starwood Hotels & Resorts Worldwide Inc. has formed an alliance with Grupo Plan to manage a group of hotels in the Yucatan Peninsula and the Pacific Coast of Mexico.
MINNEAPOLIS-A pricetag that soared to more than $40 million and lack of a benefactor prompts the decision to let backers of three other amphitheater proposals run the race to erect the first such structure in the Twin Cities.
NEW YORK CITY-European chocolate purveyor, 150-year-old Neuhaus Chocolate, set to open shop at 2149 Broadway in a deal experts are calling "perfect for the retailer and perfect for the neighborhood.