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ORLANDO-Brad Chrischilles moves up from senior associate in Trammell Crow Co.'s Jacksonville, FL office. In Orlando, associates Amy Young, Gregg Ickes and Paul Reynolds also are bumped up to senior associate status, as well as Tim Kilkelly in the Tampa office.
ATLANTA-The 28-year-old, privately held Woodstock, GA-based builder posted 2002 revenue of $244 million on 1,872 sales versus the 46-year-old, publicly traded, Los Angeles-based company's sales of $5 billion on 25,565 shelter contracts.
ORLANDO-The Central Florida chapter of the Building Owners and Managers Association also gave annual TOBY and BOCA awards to six office buildings picked as the best-managed properties in metro Orlando.
TAMPA, FL-The Oak Brook, IL-based retail REIT outbid several prospective investors by paying Colonial Properties Trust of Birmingham, AL $17 million or $111 per sf for the 152,667-sf, 30-year-old shopping center in Seminole, FL, midway between Tampa and St. Petersburg, FL.
ORLANDO-The 32-year-old, locally based subsidiary of Rank Group PLC of London, posted operating profit of $41.7 million in 2002, a 23.5% drop from $54.5 million in 2001. But total sales of $365.8 million topped the $356.4 million booked in the previous year.
TAMPA, FL-Net absorption for 2002 was a negative 106,716 sf but improved in the fourth quarter to a positive 34,453 sf. Still, property owners face another difficult year as vacancies continue to rise and competition increases, according to a new Grubb & Ellis analysis.
MIAMI-Westfield America Trust, an Australian property trust, purchased the class A, 425,841-sf, upscale shopping mall, which underwent improvements and an expansion in recent years, from Lend Lease Real Estate Investments.
LOS ANGELES-Long awaited redevelopment gets under way at the blighted South Los Angeles site. A 180-unit affordable apartment complex for senior citizens breaks ground as the first phase to the 22-acre project.
LYNDHURST, NJ-Encap Golf Holdings gets the nod to start work on a project that will turn 950 acres of former landfills into four golf courses, hotel and resort complexes, and office, residential and retail components.
ORLANDO-Larry Furlong, newly promoted Florida/Caribbean Agency sales manager for New York-based Fidelity National Title Insurance Co., tells GlobeSt.com he sees little activity in new office construction in Tampa and Orlando.