During the first quarter
of 2006, the Company acquired, including through co-investments with its joint venture partners, four shopping centers; three buildings adjacent to shopping centers owned by the company; and one land parcel.
Within services, weather conditions held down growth of real outlays for energy services in the first quarter
and boosted them in the second.
Williams noted that the previous best was the 270 sales recorded in the first quarter
Lofts commanded an average price of $887 per s/f in the first quarter
, a 28% improvement from a year ago.
Meanwhile, demand for other types of capital equipment, which had softened in 1995, firmed somewhat in the first quarter
The Company noted that it will record approximately $800,000 of job training reimbursement under the New Mexico JTIP program for the first quarter
of fiscal 2007.
Though Westchester seemed able to overcome most of the difficulties that led to the performance of the first quarter
, one major issue remained as of the end of June--the falloff in relocations.
Indeed, between the third quarter of 1990 and the first quarter
of this year, real consumer outlays for motor vehicles fen at a 23 percent annual rate; the resulting level of such outlays in the first quarter
was the lowest recorded since 1984.
Some shareholders have raised questions regarding the results of fourth quarter of 2005 versus the first quarter
42 has remained unchanged from the previous quarter and is a marked increase over the first quarter
2001 average rate of $27.
The Company's unaudited condensed consolidated financial statements for the first quarter
ended March 31, 2006 have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern.
Fairfield North also saw a minor increase of 13% in its leasing during the first quarter