Regions Southeast
Orient-Express Hotels, The Related Group to Form Partnership to Develop Hotels, Residences
July 8, 2008

Orient-Express Hotels Ltd. has signed a letter of intent to establish a 50/50 strategic partnership with The Related Group to develop hotels and residences in South Beach Miami, Cartagena, Colombia, and Panama City, Panama, the companies said today. The proposed partnership plans to develop and operate multi-use projects that will include hotel, branded residential and commercial components. The letter of intent contains a 90-day exclusivity period and is non-binding until detailed negotiations are completed.

 
Recent Southeast Headlines
Atlanta Office Market Survives 2008 with Positive Absorption
Jan. 05, 2009
Despite the poor fourth quarter results and bleak economic news, Atlanta’s office market ended 2008 with positive absorption of 391,300 square feet--but that's down more than 2.4 million square feet from the 2.9 million absorbed in 2007, according to figures from Atlanta-based Richard Bowers & Co.
Lenox Park Post Continues $360M Disposition Plan with Atlanta M-F Sale
Dec. 31, 2008
In its third quarter earnings report issued last month, Post Properties Inc. noted that it would sell six assets with the hope of pocketing approximately $360 million, and with today's news of the disposition of Post Lenox Park in Atlanta, the company has one down, five more to go.
ProLogis Leases 90,000 SF in South Carolina
Dec. 24, 2008
ProLogis has leased 90,000 square feet of distribution space with two customers in Greenville, S.C. 
 
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