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NEW SMYRNA BEACH, FL-With buyers outnumbering sellers, the Miami-based brokerage firm had no problem selling the 60,631-sf Ocean Village neighborhood shopping center to SouthEast Property Associates for $3.45 million or $57 per sf.
ST. PAUL-The firm, which had been located Downtown for 70 years, was looking for more space. The deal will help push up occupancy rates in the office tower of the World Trade Center complex to 80%.
BAYTOWN, TX-Geriatric Associates exits the San Jacinto Methodist Hospital's Decker Campus for 5,140 sf at 711 W. Bay Area in nearby Webster. The three-building hospital campus is up for sale.
PHILADELPHIA-Jay Shah's promotion to president and COO of the hotel REIT heads a list of appointments and other administrative changes at companies here. In addition, Berwind adds the BPG moniker to property management and RAIT names a new VP.
RANCHO CUCAMONGA, CA-Developers of Victoria Gardens start construction on the 1.3 million-sf open-air lifestyle and entertainment center at the I-15 Freeway and Foothill Boulevard.
ALBANY, NY-New York State officials plan to sell a 165,000-sf building here for nearly $4 million to the Renaissance Corp., which hopes to establish the headquarters for The International Center for the Advancement of Nursing at the property.
LONDON-Property entrepreneur Robert Tchenguiz has emerged as the silent partner in a syndicate set up to buy 137 NCP car parks for pounds 620 million ($1 billion).
ORLANDO-After serving six years as president and COO, John J. Nadler leaves to pursue other business challenges. Byron N. Carter will oversee residential and commercial operations until a permanent replacement is found.
DALLAS-The firm's specialized group could be making an announcement in first quarter 2004 as talks simmer in Dallas/Fort Worth for the state's first "true auto park." While the "new point" is still in the future, traditional lot sales continue.