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AVENTURA, FL-The Parc at Turnberry Isle, a $40 million luxury high-rise condominium community, will have 111 residences in two 22-story towers. A fall groundbreaking is planned, with occupancy expected in 2005.
SAN DIEGO-As Centex Homes nears completion on its Montefaro condo project, the Dallas-based developer is moving steadily through the approval processes necessary to begin work on its Avion mixed-use complex.
DENVER-A managing director of the Frederick Ross Co., the largest, locally owned, full-service commercial real estate firm, Darrin Revious will serve as president of the 2,000-member commercial real estate association.
DETROIT-More than $2 billion worth of industrial construction projects are in the works for the fourth quarter of the year in Michigan, a new report says.
MORRIS TWP., NJ-For at least one auto dealer, business has been so good that it needed more space for its operations. Weichert Commercial and Newmark Associates Inc. repped the two sides.
CHICAGO-Scheider Electric, whose brand lines include Merlin Gerin, Square D and Telemecanique, used a random collection of brokers to manage 230 properties in the US, Canada and Mexico before settling on CB Richard Ellis.
LONDON-The new headquarters for sportswear manufacturer Pentland International has been selected as the best new office development by the British Council for Offices, with other awards going to schemes in London, Edinburgh and Gatwick.
MERRIFIELD, VA-The 255,000-sf three-structure medical office property leaves the portfolio of its developer, Atlantic Realty Cos., for that of Washington Real Estate Investment Trust in a $78 million deal.
SYDNEY-Macquarie DDR Trust, expected to list on the Australian Stock Exchange by year's end, will launch with an 81% interest in a $730-million portfolio of 11 community centers currently owned either directly by Developers Diversified or through Developers Diversified-sponsored joint ventures.
LONDON-Specialist industrial asset manager Ashtenne Holdings has bought a 550,000-sq ft logistics warehouse in Amersfoort, near Utrecht, Netherlands, for pounds 8 million ($13 million) from logistics group Hays.