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SCOTTSDALE, AZ-Kathleen Danuser is promoted from community manager to asset manager of Dakota at McDowell Mountain Ranch, a 14,00-unit portfolio. The 20-year professional has been with Mark-Taylor Residential for seven years.
RICHLAND HILLS, TX-Baker Boulevard Partners is developing Faith Creek Plaza as the first leg of retail for its built-out subdivision. The plaza will go up in sync with two small spec office buildings in the firm's adjacent Richland Hills Business Center.
LONDON-The Westgate Partnership, a joint venture between Capital Shopping Centres and LaSalle Investment Management, has made a new planning application to extend the Westgate Centre, Oxford. And it is in talks with the John Lewis Partnership to anchor the scheme.
LONDON-Retail is set to be the best-performing property sector for the second year running, with a forecast total return of 13.5% for 2003, according to Colliers CRE.
SHERMAN OAKS, CA-Younan Properties starts the repositioning while the asset is in escrow, lifting occupancy from 50% to 90% in two months in the 30,000-sf, class A office building at 15456 Ventura Blvd.
COLLEGE PARK, MD-Eager shoppers came out last week to break in the newest US location of Swedish home furnishings store Ikea. The $60 million facility offers 370,000 sf of space for retail goods, a 450-seat restaurant and several play areas.
NEW YORK CITY-GE's indirect wholly-owned subsidiary, Security Capital Group will sell up to 34.3 million shares of owner, operator and developer of grocery anchored REIT Regency Centers for more than $1.1 billion.
DENVER-New Jersey-based Mack-Cali secures 283,577-sf of gross leasing activity in the Denver area so far this year, more than any other building owner. The company accounts its success to a decision made last year to be "very aggressive on pricing, landing tenants, and renewing tenants.