Posts Tagged ‘Transcontinental Realty Investors’

Mayor vows hotel revival after redevelopment board rejects deal

A Jackson Redevelopment Authority board so eager to get a developer on board to build Jackson’s $96 million convention hotel met the day before Thanksgiving to issue a request for proposals with a reply period cut down from 30 to 15 days. But when a second developer entered the picture — Journeyman Austin Holdings of […] [...]

Jackson hotel partner showed a $12.2 million loss at Q1 close

by Ted Carter Published: June 12,2011

Tags: revenue drop, Transcontinental Realty Investors

Dallas-based Transcontinental Realty Investors, Inc. (NYSE:TCI), parent of TCI Investments, ended the first quarter with a net loss applicable to common shares of $12.2 million, compared to a loss of $10.5 million for the same period ended 2010. Transcontinental Realty took an impairment on notes receivable and real estate of $24.5 million in the fourth […] [...]

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