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ALEXANDRIA, VA-AvalonBay Communities has announced several key management changes. Blair will take over as president and CEO, while Michaux will move from chairman and CEO to executive chairman.
PARSIPPANY, NJ-Long rumored during the takeover process by Cendant Corp., the pending move from Long Island, NY to 386,000 sf here was announced just as the acquisition closed. The jobs involved total 300 or more.
SPARTANBURG, SC-The locally based engineering and construction firm has a contract to build a power plant in Brevard County, FL for Constellation Power Source at an undisclosed cost, according to a published report. Commercial operation of the plant is expected to begin in June 2002.
MIAMI-The Florida Association of Realtors has a similar contract with the Utah firm, enabling 65,000 agents to earn a fee each time they originate a mortgage.
SEATTLE, WA-The former multifamily loan production officer for Fannie Mae's western Region has been promoted to HomeStreet's new position of vice president and manager of correspondent lending.
AUSTIN-The Austin Bergstrom International Airport has been the adrenalin shot that had been needed for the city's southern corridor. Hotel development is hardy while the latest occupancy report shows the market, like the CBD, is riding at about 78%.
OTAY MESA, CA-A Japan-based firm sells 15.9-acre industrial site at Siempre Viva Road and Britannia Boulevard for $2.9 million. Construction of industrial complex there is set to begin in May.
HOUSTON-Four brokers gain senior director status at the Houston office for Cushman & Wakefield of Texas. The promotions involve brokers from every category, including David L. Chuoke who has been tapped to head up the financial services group.
SUGAR LAND, TX-Primarily a residential developer, the Millis Group is moving into a new development arena, breaking ground on a class-A building in Greatwood. There is a void in the market and the deal is just too good to pass up, says the developer.