Category Archives: 2008

Bell to Partner on 130-Acre Atlanta Development

An investment group sponsored by Steven D. Bell & Company, in conjunction with Jacoby Development Inc., a Ted Turner-family entity and the D.H. Griffin Companies, will spend approximately $100 million to redevelop the old Ford site adjacent to Atlanta's International Airport. Bell Vice President Durant Bell commented, "We are excited about the team involved in…

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Bell Company Adds Two Properties Valued at More Than $60 Million

Steven D. Bell & Company-sponsored entities recently closed on the purchases of a high-rise multifamily property in Atlanta and a shopping center in the Tidewater Virginia region. The properties, Bennington Towers in Atlanta's prime Buckhead area and Haygood Shopping Center in Virginia Beach, are valued at $35.6 million and $24.9 million respectively. Bell Principal Jon…

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Bell Company and DRA Advisors Announce Plans to Purchase 25,684 Apartment Units for $1.7 Billion

Greensboro, N.C.-based Steven D. Bell & Company has structured a joint venture with New York-based DRA Advisors to purchase 25,684 apartment units in 86 properties across the U.S. for $1.71 billion. The sale is scheduled to close March 3rd. Under terms of the deal, UDR Inc. will sell the properties to DRA Advisors LLC and…

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Bell Senior Living Hires New Executive Team

Steven D. Bell & Company announced it has hired four new executives to assume management of Bell Senior Living. Joe Mikalajunas joined Bell on Monday as the new President of Bell Senior Living. Joe has over 11 years experience in the senior living business. He previously served as Vice President of Operations for Harbor Retirement…

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Bell Company Ends Year With a $408 Million Flurry of Transactions

Greensboro, N.C.-based Steven D. Bell & Company completed 14 real estate transactions in the last 50 days of 2007, including nine acquisitions and five sales, totaling approximately $408 million in value. The flurry of activity included three property sales in the North Carolina Triad area and two portfolio purchases in late December, including properties in…

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