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FARMINGTON HILLS, MI- Third Quarter results from Agree Realty Corp. showed lackluster growth in FFO on a revenue increase of 9.3%. The shopping center REIT's paypout ratio fell slightly.
ATLANTA- The developer hopes to break ground next year if it can sign a lead tenant to 150,000 sf. The owner of the planned 18-story tower and 3,000-vehicle parking deck will be Teachers Insurance & Annuity Association of New York which has had equity interests in Concourse products since the early 1980s. The site is 15 miles from Downtown.
DENVER-Just how good are the times? Members of the Society of Industrial and Office REALTORS. will get a chance to find out at the annual fall conference, which begins tomorrow at the Adam's Mark Hotel in Denver.
ORLANDO-L.M. Sandler and Sons Inc. of Virginia Beach, Va. and its Miami affiliate, SouthStar Development Partners Inc. paid Debra Inc. $115,384 per acre or $2.65 per sf for the prime site in the city's southwest submarket, next to Universal Florida Studios.
PORTLAND-Wilshire Real Estate Investment Inc. sells five retail buildings and an office complex/warehouse/distribution center - a total of 444,864 sf - to Madrona Park II LLC for $28.8 million. Madrona assumed debt of $20.3 million as part of the deal.