BOCA RATON, FL-Cristina F. Sullivan will remain in the company's office here, while Susan M. Ansel will stay in the company's Dallas office. Locally based Gables Residential develops, builds, owns and manages luxury multifamily communities.
MIAMI-The deals total more than 1.1 million sf and are worth more than $110 million. The growth in that market has led to the company's addition of seven staff there since early this year.
PALM BEACH, FL-The 146-suite Homewood Suites by Hilton represents the company's expansion efforts. The company also reported a drop in funds from operations and a rise in net loss for the first quarter.
FORT MYERS, FL-The commercial real estate investment firm is targeting Collier and Lee counties for expansion, due to the economic strength in the area. Company senior vice president Jerry Anderson is responsible for Sperry Van Ness' growth in Florida.
MIAMI-Zeno Properties, which occupied the entire 52,335-sf building, located at 3300 N.W. 114th St., purchased it from Kattan/Henry Inc. for close to $42.04 per sf. The building was built in 1972.
MIAMI-Eight companies signed leases worth more than $5.9 million at the one-million-plus-sf mixed-use park in the first period of this year. The quarter is on target with the strong leasing activity last year. However, activity is expected to slow later this year, as inventory reduces.
NORTH LAUDERDALE, FL-BankAtlantic of Fort Lauderdale provided the financing for the 12,739-sf store, which is planned for the corner of McNab Road and Southwest 81st Avenue here. Construction should start in May and take five months.
HIALEAH, FL-The company, Bernuth Agencies Ltd., signed a five-year lease with two five-year options for 70,000 sf of industrial space here. Per sf, the lease is valued at $3.71 to $4.
HOLLYWOOD, FL-Radius is being developed jointly by Lane Investment and Development Corp., a subsidiary of Atlanta-based Lane Co., and FIRM Realty, based here. It is scheduled to break ground in October and be finished in May 2006.
NORTH MIAMI BEACH, FL-Funds from operations increased from $17.2 million the first quarter of 2003 to $26.9 million this year's first quarter. The REIT, based here, also showed a 64% hike in net income for the period.