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JACKSON, MI-Upscale retailer Jacobson Stores Inc. loses popularity and money, putting 23 store sites up for sale or lease following a Chapter 11 bankruptcy filing.
ORLANDO-The timeshare developer bought the former 1,700-acre River Ranch Acres near Lake Wales, FL, 75 miles southwest of Downtown Orlando for $6 million, then sank another $4 million in renovations.
ORLANDO-The Columbus, OH-based lender has closed a $17 million bundled loan for the 238-room Hilton Tampa Westshore in Tampa, FL and a $1.3 million mezzanine loan for the 119-room Hilton Garden Inn in Jacksonville, FL.
MIAMI-The former associate vice president at Miami-based America's Capital Partners will focus on the Brickell Avenue and Coral Gables areas, including Codina Group's new office tower at 355 Alhambra Circle.
ORLANDO-The vice president and regional manager of the Tampa and Orlando offices is also the eastern U.S. director of the firm's National Multi Housing Group. Ekovich has been with Encino, CA-based M&M since 1988.
MIAMI-Stiles Construction Co. of Fort Lauderdale, FL plans to break ground in October on the $3.1 million, 22,500-sf sales and service center on a two-acre site in the nine-building Center Port Industrial Park in Pompano Beach, FL. Completion is slated for August 2003.
ORLANDO-Siemens Westinghouse Power occupies the entire 72,000-sf, 14-year-old building developed by Denver-based Alliance Commercial Partners in the Quadrangle Business Park adjoining the University of Central Florida campus in east Orange County. Price: $7.18 million.
ORLANDO-LimaLake Inc. is leasing its 20,000-sf, single-tenant structure in Clearwater, FL to P.C.B. Bancorp Inc. for 10 years at an aggregate rent of $1.6 million. Clearwater is 85 miles west of Downtown Orlando.
MIAMI-The Chicago entrepreneur bought two properties in Coconut Creek, FL from Boston-based AEW Capital Management for $50.9 million. The properties are 25 miles north of Downtown Miami.
MIAMI-The 56-year-old, Seattle-based retailer names Geevy S. Thomas, a longtime company executive vice president, to head the new staff in suburban Coral Gables, FL where Nordstrom plans to open a 200,000-sf, $40 million store by Sept. 27.