City: Savannah

Apple REIT Seven Inc. has terminated its agreement to purchase two hotels totaling 222 rooms for $21.5 million.The Richmond, Va., REIT had agreed in October to purchase the properties as part of a 1,757-room hotel portfolio it was buying from ...

Mid-America Apartment Communities has paid $29.2 million for Oaks at Wilmington Island, 306-unit apartment complex in Savannah, Ga. The Memphis, Tenn., REIT funded the acquisition by tapping its credit line.The Oaks at Wilmington Island has one-, two- and three-bedroom units. ...

Duke Realty Corp. has paid $194.6 million for a 5.1 million-square-foot industrial portfolio with properties concentrated in the Port of Savannah, Ga., area.Duke, an Indianapolis REIT, bought the portfolio from investor groups led by Wrenn Blalock, a Savannah developer. Duke ...

Atlanta Journal-ConstitutionRetailer IKEA has announced that it will open a 1.7 million-square-foot import center at the Port of Savannah, Ga. The opening of the warehouse, combined with a similar Target Corp. project, will mean the construction of 3.7 million sf ...

Atlanta Journal-ConstitutionIn a move to build more stores in the Southeast, Ikea is considering building a warehouse at the port of Savannah, Ga. The retailer has not yet committed to a Georgia facility, but people close to the deal say ...

Atlanta Journal-ConstitutionTarget Corp. plans to build a 2 million-square-foot warehouse at the port of Savannah, Ga. Target's warehouse, to open by 2007, would be built on about 200 acres owned by the Georgia Ports Authority - part of a 2,200-acre ...

MHI Hospitality Corp., a company formed last month, is planning to go public through a $76 million initial public offering of common stock. The REIT will launch with six hotels and plans to expand with properties it would renovate or ...