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ST. PAUL, MN-Earlier it was thought there was a 37-year supply of aggregate, but when land protected by agricultural preservation programs or developments that already locking up acreage are taken into account, there is only enough to last 17 years.
NEW YORK CITY-On an annualized basis, the firm raised its payout from $1.67 to $1.69 per share. Over the past two years it has paid out more than $124 million in dividends.
AUSTIN-It's a way of giving back to the industry that has made them successful. Thirty-four real estate and finance executives have pooled $2 million to help fund UT's Center for Real Estate Finance.
BOSTON-The Community Preservation Act, a state initiative discouraging development, must be adopted locally, but state matching funds are intended to encourage communities to do so.
BRIDGEPORT, NJ-The overnight shipper is taking space formerly occupied in the Pureland Industrial Complex by the Pep Boys, the automotive retail chain. GMH Capital Partners represented the new tenant.
NEW YORK CITY-The acquisition of Brooke International, a 12-year-old firm with a staff of 88 and offices in mainland China and Thailand, is the latest effort by Insignia to broaden its presence in the Asia-Pacific market.
HOUSTON-Wells, an Atlanta-based REIT, has shelled out $45 million for the class-A Enclave Parkway. The top-of-the-line property, totaling 312,564 sf, is fully leased to Stone & Webster and Sysco Corp.