Atlanta Journal-ConstitutionThe developer of Georgia's Jekyll Island scrapped plans to build condominiums and a convention center hotel at the site. Under the new plan, the project will be built on 22 acres instead of the original 63 acres and include ...
MHI Hospitality Corp. has lined up $23 million of permanent financing from MONY Life Insurance Co., allowing it to refinance the Hilton Savannah DeSoto. MHI, which is headquartered in Williamsburg, Va., said it plans to use $11.2 million of the ...
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 ...
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