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ALEXANDRAI, VA-Realeum Inc., a Web-based property management software firm, appointed Jim O'Hara vice president of customer fulfillment and Alex Heiche vice president of sales and marketing
CLIFTON, NJ-Demolition of a former personal care products distribution facility is paving the way for 637 townhouses and condos. Singles and couples without children are expected to be the major market.
WHITE PLAINS-Ed Lashins, a long-time real estate developer in Westchester County, reports that because the county office market is so strong right now, he will break ground on a new 112,000-sf office building in Armonk this spring.
HIGHLAND BEACH, FL-Bay Communities Inc. of Palm Coast, FL plans to gets its investment back by selling the 34 homes from $500,000 to $1.9 million per unit. Highland Beach, purportedly the home of more millionaires per sf than any other location in the country, faces the Atlantic 45 miles north of Downtown Miami.
BOSTON-A locally-based independent real estate investment research firm, Property & Portfolio Research, acquires Real Estate Analysis and Planning Service from F. W. Dodge. PPR will offer Dodge Pipeline through an exclusive licensing agreement with F. W. Dodge.
ATLANTA-The Los Angeles firm enters one of the area's most vibrant office markets with the $50-million purchase of two-year-old Tower Place 200, a 13-story, 250,000-sf, 98%-leased building within the 1.1 million-sf Tower Place complex.
DENVER-Pre-1974 apartment complexes have attracted the bulk of the buyers thus far this year in citywide sales. The overall sales activity brings an average unit price of $48,764 in a region now reporting a 1.5% vacancy rate.
GROVELAND, FL-The world's largest home improvement retailer is negotiating with Lake County for a 31.6-acre pad in the Christopher C. Ford Industrial Park here, 25 miles west of Downtown Orlando.
SEATTLE-The estimated $70-million sale price is all the more spectacular knowing the seller, San Francisco-based Rreef Funds, bought the 286,000-sf office tower for $34.6 million in December 1996 from G.E. Capital Investment Advisory Group.