MIAMI-The 15-year-old, 200-store Fort Lauderdale, FL-based retailing chain reports net income of $1.7 million or five cents per diluted share for the first fiscal quarter ended May 4. That performance compares with a net loss of $6.3 million or 19 cents per share in the same 2001 period.
ORLANDO-Apartment developer Jay Royall has contracted with Orlando Sentinel Communications Inc. to buy a prime 1.74-acre parcel for an estimated $3.4 million ($45 per sf), up from the $3 million price ($1.72 million per acre; $40 per sf), the seller paid for the land in 1999.
MIAMI-The 33-year-old national developer/investor has leased three floors in its 111,000-sf, eight-story office building and was in line to receive an incentive package from Miami Beach for relocating from the West Miami-Dade submarket.
ATLANTA-The California subsidiary of American Residential Investment Trust Inc. names Mike DiCarlo vice president/regional manager of the suburban Alpharetta, GA office. David Houghtlin is regional operations manager.
ORLANDO-The locally based national wholesale distributor of construction and industrial real estate materials posted first-quarter sales of $790 million compared with $775 million a year ago.
ATLANTA-One Liberty Properties Inc. of Great Neck, NY. paid an undisclosed seller $14.1 million or $160.23 per sf for the 88,000-sf, 24-screen AMC Southlake Pavilion 24 Theatre in Morrow, GA.
ORLANDO-In a bizarre scenario, Volusia Redevelopment Parking Corp. is asking Volusia County government and the developer of the $200-million Ocean Walk Resort for a financial safety net on its $12 million, 1,500-space, two-year-old venture that few motorists are using in tourist-oriented Daytona Beach.
ORLANDO-Asset Development and Management Group of Clearwater, FL paid $13.4 million or $45,985 per unit for the 20-year-old, 292-unit Country Place complex in Palm Harbor, FL, 10 miles northwest of Tampa, FL and 85 miles west of Downtown Orlando.
ORLANDO-Still two years away from ground-breaking, the Orlando-based division of London's Emerson Group paid $400,000 or $20,000 per acre to Edward and Alyce Hansen of Orlando for the land adjacent to the planned 1,209-acre, $1 billion, mixed-use Eagle Creek development near Orlando International Airport.
ORLANDO-The city's biggest annual public real estate sale is under way and is expected to take at least a week to dispose of 15,000 delinquent tax certificates. But certificate buyers must wait two years before knowing whether they can pick up the property for the bargain price of the tax amount.
