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JACKSON, MI-The upscale department store chain must generate cash to pay creditors in bankruptcy. That makes 23 properties ranging from 30,000 sf to 230,000 sf available through Hilco Real Estate of Northbrook, IL.
WASHINGTON, DC-Real estate services firm PM Realty Group promotes David W. Parker to Eastern Division director, and brings the office to him by relocating the eastern area headquarters from Atlanta to Washington. Parker is charged with expanding the firm's presence locally and throughout the east.
ORLANDO-In the last 14 months, Jim Michalak, senior director in the brokerage's Tampa office, has closed 13 shopping center deals totaling 1.66 million sf valued at $128.4 million and averaging $9.88 million per deal. Cap rates are down and power centers are back in demand, Michalak says.
ORLANDO-In the last 14 months, Jim Michalak, senior director in the brokerage's Tampa division, has closed 13 shopping center deals totaling 1.66 million sf valued at $128.4 million and averaging $9.88 million per deal. Cap rates are down and power centers are back in demand, Michalak says.
LOS ANGELES, CA-Marlton Square, which still needs approval from the City Council, would include a 140,000-sf community shopping center, 140 single family detached homes and 180 affordable senior apartment units.
ORLANDO-Despite vacancies that have hit the 20% level at some class A properties, a new Marcus & Millichap report predicts the Tampa Bay multifamily market is improving with property prices expected to rise by 3.5% over the next 12 months.
ORLANDO-A Tampa Bay real estate market professional for 12 years, Sherri Forte will manage Bayport Plaza at Rocky Point in Tampa Bay. At Grubb & Ellis, Forte was senior property manager.
ORLANDO-The former managing director of Florida for Advantis Real Estate Services Co. becomes president of T&M's Florida operations Jan. 1. His mission: To grow the firm's 4.5 million-sf Florida portfolio. Taylor & Mathis and Advantis are both Atlanta-based.
ORLANDO-Sitting on the shores of Tampa Bay, the 130,000-sf, 99%-leased property was sold by Atlanta-based Watkins Group to Sun Point LLC for $4.75 million. The property is across the bay from St. Petersburg, FL and 80 miles west of Downtown Orlando.