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BOCA RATON, FL-Owen Sagar is Crow's new senior associate on its Boca Raton office and industrial leasing team. Crow also named Julie Strocchia as head of office/industrial leasing in Broward County; and Damon Fuller, relocating from CBRE's Memphis office, as senior property manager.
FRANKLIN, MA-The Maggiore Company plans to develop three buildings here on Grove Street. The buildings--which will total 201,00-sf of space--will be one-story industrial facilities located in an area that has recently been rezoned as an industrial center.
DEL MAR, CA-A major office REIT has bought land at the San Diego Corporate Center for two office buildings totaling 160,000 sf in a deal valued at $10.5 million.
RICHMOND, VA-The old Good Humor Ice Cream Building, a manufacturing and warehouse property that sits on two acres, goes to Rent-A-Station for $175,000.
CORAL GABLES, FL-The Houston-based developer is completing demolition of two existing buildings and a parking garage where the 12-story, 250,000-sf 2525 Ponce de Leon building will be built in Coral Gables, FL, eight miles from Downtown Miami.
ORLANDO-With U.S. Bankruptcy Court approval, the locally based timeshare operator has paid off loans and other obligations totaling $105 million to the Farmington, CT-based lender and anticipates its reorganization plan will be approved before year end. Sunterra had a debt load of $850 million.
TUCSON-A Los Angeles-based investment group gets its second Tucson complex after brokers courted the sale. The 23-year-old, 125-unit Altamira Apartments is the only one of four that Nevins & Adams was willing to let go
MILFORD, CT-Byram Healthcare has relocated its corporate headquarters from Greenwich to 440 Wheelers Farms Road here and has established a major call center in White Plains, NY.
ST. PAUL, MN-Shannon Smith will work on water issues, while Dan Jochum will focus on community planning for Short Elliott Hendricksonin the Upper Midwest and mountain regions.
HOUSTON-Enron's collapse and 4.2 million sf of sublease space surely spell the end to Houston's ability to dodge the brutal impact of a down economy. 2001 ended with overall office vacancy of 14.43%.