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MIAMI-William T. Wassey, former president of Codina Real Estate Management and a professional for 25 years, is Ellis's new director of asset services. He managed a commercial portfolio of 10 million sf at Codina.
VANCOUVER, WA-The projects are both planned for sites just east of the Evergreen Airport on Southeast First Street. The projects are moving forward because a traffic-based moratorium on new development near East Mill Plain Boulevard was recently lifted.
COSTA MESA, CA-Figures released by Atlas Hospitality Group show that the number of sales transactions declined from 1999 to 2000, but the median sales price rose slightly.
PHOENIX-A local real estate investment firm has purchased an industrial complex for $11.7 million in an area of the Valley that is becoming increasingly popular with tenants.
PAGE, AZ-One of the largest real estate investment firms in the nation has sold a 129-room resort hotel in northern Arizona on the shores of Lake Powell.
MANSFIELD, MA-TJX Cos., the Framingham, MA-based retailer, takes 140,000 sf in industrial space left behind by Smarterkids.com. The dot-com had to move when it merged with a California company.
NEW YORK CITY-Entertainment Properties Trust opposes the bid because it might require the firm to register as an investment company and because federal law prohibits the election of BRT's chairman to EPT's board, a condition of the offer.
CHARLESTON, SC-Golf Trust of American Inc. averages $3.39 million per property on the sale to local undisclosed buyers. Charleston is 200 miles south of Downtown Charlotte.
ARLINGTON, TX-Miramar Development has been waiting for this day, breaking ground on the 405,000-sf Arlington Distribution Center. It is the developer's first foray outside Dallas' northeast quadrant. The first phase tallies 253,165.
CHICAGO- If real estate professionals harbored high hopes for a payoff beyond $300 income tax rebates later this year, they were dashed at the Real Estate Investment Association's forum on taxes.