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PHOENIX-Drug store giant Eckerd Drugs will go head-to-head with other drug chains when it makes a major push into the Phoenix market, with the opening of nine new Valley stores by the end of the year. The company plans 160 openings within the next five years.
CORAL GABLES, FL-The real estate company, based here, had an increase in revenue for the quarter and the half, compared with the same periods in 2002. The net income of $1.745 million for the first half of this year was an improvement, compared with the $985,000 net loss for the same time last year.
ATLANTA-Wells Real Estate Investment Trust Inc. declines to give the price or identify the seller. But brokers in a position to know tell GlobeSt.com the estimated contract price for the three-year-old, 19-story, 436,000-sf building is $82.84 million, based on Wells' recent acquisitions which have been averaging about $185 per sf.
CLEARWATER, FL-In the Tampa Bay market alone, the national real estate brokerage firm closed 165 transactions valued at $140 million in the January-to-June period and aims to duplicate its 2002 record year of $336 million in closed contracts.
TAMPA, FL-PPC Enterprises Inc. of Pinellas County pays Rim Rock of Tampa $2.15 million, or about $43,878 per unit, for the 49-unit, 19-year-old Hampton Place--which received multiple offers in a red-hot multifamily investment market.
TAMPA, FL-The 610,000-sf project will be the first of its kind in the area, incorporating services for wharf and rail-delivered products in Port Ybor, a 33-acre multi-use park located in the center of Port of Tampa at 20th and Grant streets.
TAMPA, FL-Net absorption rises to 923,099 sf from 101,555 sf in the second quarter, while the vacancy level remains unchanged at 8%, or 2% lower than the reported national average, according to a new analysis by the Clearwater, FL office of Colliers Arnold.
BETHESDA, MD-At long last, things are looking up in the hospitality industry, and the Plasencia Group's advisory services for Host Marriott Corp.'s recent disposition of three hotels points to that emerging trend.
TAMPA, FL-Coca-Cola Enterprises has opened a multi-million-dollar customer development center in suburban Temple Terrace after purchasing the 12-year-old, 86,000-sf structure for "under $100 per sf" or an estimated $6.88 million, area brokers familiar with the submarket tell GlobeSt.com.