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JACKSONVILLE, FL-Florida's largest grocer has retrofitted 426 stores in its 1,155-store chain with a return on capital of 50%, the 70-year-old company reports.
FT. WORTH-Nine leases, including some renewals, have been finalized for office buildings and a retail center in Ft. Worth and Arlington. The 57,206-sf total includes a few displaced tenants from the 2000 tornado who decided to stay in subleased space.
NEW YORK CITY-In the midst of a major reorganization of its corporate real estate advisory group, Mark Smith has been tapped to head the operation. Smith fills the void left by Barry Barovick, who leaves to head Grubb & Ellis.
POWAY, CA-The most recent in a surge of apartment sales across the county, the Villa Verde Apartment Complex at 13326 Community Rd. has sold for $3.98 million.
THE WOODLANDS, TX-It's the next logical step for The Woodlands' Town Center. A dual-pronged hotel and convention center project will break ground this summer. The project will cost upward of $40 million.
ST. PAUL, MN-A deal gives the green light to a $2.4-million move and fix-up of Downtown St. Paul's last home. It will make way for a transit hub and 1,200- to 1,400-space parking ramp.
ORLANDO- Cushman & Wakefield of Florida Inc. is giving double duties to Karl Johnston, naming him to head the new North Florida division. Johnston directs C&W's financial services group. C&W owns The Apartment Group.
NEW YORK CITY-Buyers are fearful they will overpay if they make full-price offers, some brokers report in a Brown Harris Stevens study. The report says that the residential market peaked about a year ago.