Cousins Properties

Cousins Properties
Cousins Properties, Inc.
Type Public (NYSE: CUZ)
Headquarters Atlanta
Revenue $224.9 million (2009)
Website cousinsproperties.com

Cousins Properties, Inc. (NYSE: CUZ), headquartered in Atlanta, Georgia, is a real estate investment trust,[1][2] and one of the oldest publicly traded real estate companies in the country.[3] It was formed in 1958[4] by Tom Cousins and has been publicly traded since 1962.[5][6] It became a real estate investment trust in 1987.[7]

In 2009, its annual revenues were $224.9 million.[8] In 2006, it was described by the Atlanta Journal-Constitution as "the metro area's leading developer".[9][10] The company developed and later sold the Bank of America Plaza in Atlanta, at the time the tallest building in the Southern United States.[11] Other notable structures that it has developed include CNN Center, Omni Coliseum, and 191 Peachtree Tower in Atlanta,[5] [12][13][14] and the Frost Bank Tower in Austin, Texas.[15] Among other holdings, it also owns and operates the American Cancer Society Center in Atlanta.[12]

The Bank of America tower in Atlanta, developed by Cousins Properties

Thomas Cousins retired from his position as CEO in 2002, but stayed on as chairman of the board of directors until the end of 2006.[16]

As of 2009, Cousins has been reported to have developed over 20 million feet of office space, 20 million more in retail space, and more than 60 suburban housing developments.[17]

References

  1. ^ Woods, Walter (April 9, 2005). "Cousins Properties hands out raises to CEO, other top managers". Atlanta Journal-Constitution. http://www.accessmylibrary.com/article-1G1-131305641/cousins-properties-hands-out.html. Retrieved 3 March 2010. 
  2. ^ Ray A. Smith (November 3, 1999). "GE Wanna-Be Cousins Properties Strives for 'Growth Stock' Label". The Wall Street Journal. http://online.wsj.com/article/SB941588182102925728.html?mod=googlewsj. Retrieved March 5, 2010. ("Cousins Properties Inc., a real-estate investment trust with an emphasis on development, wants its stock to be valued like those of big-name growth companies such as General Electric Co. and Coca-Cola Co.")
  3. ^ Dean Starkman (January 8, 2002). "Cousins Properties' Stone to Step Aside To Take Post With Operating in Texas". The Wall Street Journal. http://online.wsj.com/article/SB1010447231894923320.html?mod=googlewsj. Retrieved March 5, 2010. 
  4. ^ Associated Press (May 4, 1968). "Hawks Sold To Atlanta". Gettysburg Times. http://news.google.com/newspapers?id=mTUmAAAAIBAJ&sjid=cf4FAAAAIBAJ&pg=4239,5148412. Retrieved March 5, 2010. 
  5. ^ a b Walter Woods (November 17, 2006). "Developer Cousins to retire". The Atlanta Journal-Constitution. http://www.accessmylibrary.com/article-1G1-154703995/developer-cousins-retire.html. Retrieved March 6, 2010. 
  6. ^ "Cousins Properties Incorporated: Company Overview". Cousinsproperties.com. http://www.cousinsproperties.com/about/overview.html. Retrieved 2010-03-03. [dead link]
  7. ^ Jane Aldinger (March 5, 2004). "Cousins joins in Collierville mall venture". Memphis Business Journal. http://memphis.bizjournals.com/memphis/stories/2004/03/08/story2.html. Retrieved March 6, 2010. 
  8. ^ "Cousins profit up 18 percent in 2009". Atlanta Business Chronicle:. Atlanta.bizjournals.com. 2010-02-08. http://atlanta.bizjournals.com/atlanta/stories/2010/02/08/daily29.html. Retrieved 2010-03-03. 
  9. ^ Woods, Walter (August 3, 2006). "Cousins Properties to move headquarters downtown". Atlanta Journal-Constitution. http://www.accessmylibrary.com/article-1G1-149040538/cousins-properties-move-headquarters.html. Retrieved 3 March 2010. 
  10. ^ "Atlanta's Cousins a towering success". The Atlanta Journal-Constitution. October 6, 1998. http://nl.newsbank.com/nl-search/we/Archives?p_product=AT&p_theme=at&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=0EADA3F215BF3947&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM. Retrieved March 6, 2010. ("There would be a lot less Atlanta skyline without Tom Cousins. The Atlanta developer has been responsible for much of the look and feel of metro Atlanta's vast skyline.")
  11. ^ Woods, Walter (May 5, 2006). "Cousins Properties puts Atlanta skyscraper up for sale". Atlanta Journal-Constitution. http://www.accessmylibrary.com/article-1G1-145397310/cousins-properties-puts-atlanta.html. Retrieved 3 March 2010. 
  12. ^ a b Sonny Lufrano (March 2, 2001). "Tom Cousins builds dynasty from the heart". Atlanta Business Chronicle. http://atlanta.bizjournals.com/atlanta/stories/2001/03/05/focus1.html. Retrieved March 6, 2010. 
  13. ^ "History Makers: The 45 greatest Atlantans of the last 45 years". Atlanta (magazine). May 2006. http://books.google.com/books?id=fw8AAAAAMBAJ&pg=PA111#v=onepage&q=&f=false. Retrieved March 6, 2010. 
  14. ^ "Cousins new-build points to new era of building". National Real Estate Investor. November 1, 1997. http://nreionline.com/mag/real_estate_cousins_newbuild_points/. Retrieved March 6, 2010. 
  15. ^ A.J. Mistretta (August 4, 2006). "Frost Bank Tower sells for record $188 million". Austin Business Journal. http://www.bizjournals.com/austin/stories/2006/07/31/daily30.html?from_rss=1. Retrieved March 6, 2010. 
  16. ^ "Thomas Cousins set to retire". Atlanta Business Chronicle. November 16, 2006. http://www.bizjournals.com/atlanta/stories/2006/11/13/daily40.html. Retrieved March 6, 2010. 
  17. ^ "Atlanta's Cousins Properties shifts management". Alpharetta Roswell Revue & News. February 7, 2009. http://www.northfulton.com/Articles-c-2009-02-17-176824.114126-sub_Atlantas_Cousins_Properties_shifts_management.html. Retrieved March 5, 2010. 
Stub icon This real estate article is a stub. You can help Wikipedia by expanding it.