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PHOENIX-A San Diego couple, able to quickly close a transaction, has won ownership of the 184-unit complex, exchanging a multifamily property in their homeport. The couple beats out 10 other bidders with a $5.6-million offer.
BRADENTON, FL-South Florida syndicators Maurice Egozi and Alan Sakowitz bought the 289,110-sf, 26-acre Cortez Plaza here for $21.2 million in June 2002 and sold the 98.7%-leased shopping center in October of this year for $26.8 million.
DAYTONA BEACH, FL-The Miami-based developer is running into opposition from city officials and local merchants who remain unconvinced the city should seize 10 prime oceanfront acres and sell it to Swerdlow Group under the state's eminent domain law which largely governs the construction of roads and bridges.
LONDON-Workspace Group, specialist provider of flexible space forsmall and medium sized enterprises in London, has completed two property deals totalling over pounds 21 million ($36 million).
DENVER-The proposed $32.5-million effort to redevelop the Dahlia Shopping Center will not proceed because of a recent environmental report which indicates there is a landfill underneath the site.
MUMBAI, INDIA-Working with its international affiliate ATIS Real, the New York City-based tenant representation firm opens a new office here that is being led by Ashok Kumar, the former head of Insignia Brooke's India operations.
HARRISBURG, PA-Within a month of its public offering on the NYSE, the Port Washington, NY-based REIT pays $2.4 million and assumes $19.6 million in financing for an outstanding 50% share of the 255,447-sf shopping center here.
ARDMORE, PA-The 42,581-sf former Smith Supply complex at 110-120 West Lancaster Ave. here is Geat-Ju's second hardware facility acquisition in a month. The sale price was $3.2 million, or about $75.15 per sf.