ATLANTA-Sean B. McCourt, chairman of Ford Land, the real estate arm of Fort Motor Co., will head new industry initiatives, including Corporate Real Estate 2010, to prepare real estate executives for the networked world of the future.
TAMPA, FL-The largest and richest consumer market in Florida boasts a low 6.8% vacancy mark in the last two quarters with net absorption of 278,326 sf. Investors are clamoring for non-grocery-anchored strip centers in a strong location.
TAMPA-Brad Luger, executive director of Advantis Real Estate Services Co./GVA's investment services group in Florida, posted 2002 transaction volume of $50 million in a challenging industry year, the firm states.
ORLANDO-The 37-year-old, 90-unit GrandeVille on Delaney Apartments complex at 1100 South Delaney Ave. is being converted to Lakeside at Delaney Park, a five-story condominium community with asking prices of $100,000 to $350,000 per unit.
ATLANTA-Candy McIntyre, a former executive at PM Realty Group, Prudential Real Estate Investors and TMW Real Estate Management, becomes vice president of leasing services in the four-broker office of Houston-based Transwestern Commercial Services.
ATLANTA-Institutional Shareholders Services Inc. urges Post Properties' shareholders to vote for the existing executive slate and against former chairman John A. Williams--who is taking out advertisements to promote his candidates--at the May 22 meeting.
ATLANTA-In an unprecedented local alliance of national players, the three developers plan to create one of Georgia's largest regional retail centers along Interstate 75 in Henry County. The developers previously had planned to build separate malls.
ORLANDO-Nine banks are providing the locally based REIT with an unsecured credit facility of $225 million, up from $200 million. The new facility has an extended maturity to May 2006 and provides a competitive bid option for up to 50% of the facility amount.
NEW PORT RICHEY, FL-The Southfield, MI-based REIT paid River Crossing Partnership $115.32 per sf for the 62,000-sf, 100%-leased Publix at River Crossing property here, 20 miles north of Tampa.
ORLANDO-The closed-door event coordinated by Chicago-based Sheldon Good & Co. drew 180 registered bidders from 33 states and two foreign countries vying for four 100%-leased metro Orlando properties.