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ATLANTA-The locally based shopping center investor/developer posted net earnings of $13.9 million or 45 cents per diluted share versus $15.6 million or 47 cents per diluted share last year.
MIRAMAR, FL-The Chicago-based parent of DeVry Institutes of Technologies signs a 15-year lease valued at roughly $36.5 million, based on mid-year estimates of $24.34 per sf for this Broward County submarket, 16 miles north of Miami.
MINNEAPOLIS-A backlog of 648 residential units is up from a year ago and new orders are down a bit for the home builder that concentrates on this market as well as Tampa, FL and Des Moines, IA.
TAMPA, FL-Locally based Zaremba Brandon buys the 0.9-acre pad (39,204 sf) at Regency Square Shopping Center in Brandon, FL, a Tampa suburb, for $800,000. Zaremba plans a free-standing jewelry store on the site. Tampa is 80 miles west of Downtown Orlando.
TAMPA, FL-Lawrence Randolph is leaving his Randolph Equities Inc. firm to be senior director of investment services at the St. Joe Co.-owned brokerage. Tampa is 80 miles west of Downtown Orlando.
SAN MATEO, CA-The office and industrial REIT's results are down 15% from the same quarter in 2000. The company is shedding its retail real estate as part of a larger capital redeployment program.
CORAL GABLES, FL-OmniCluster Technologies Inc. of Boca Raton, FL received the largest slice, $10 million from Crossbow Ventures, HIG Ventures and Mellon Ventures.
ORLANDO-The U.S. Occupational Safety and Health Administration opened a formal investigation today in the death of a 36-year-old construction worker whose harness broke as he was working on a rooftop scaffold, 60 feet above the Orange County Convention Center's floor.
DALLAS-It's one day at a time in the Dallas-Ft. Worth region, just like many other parts of the country. In a healthy sign, six office deals, totaling 63,344 sf have closed. One pact, rare for these days, is 30,000 sf at Churchill Tower, located along Coit Road in Dallas.
TAVARES, FL-Multifamily and single-family projects help jump the tax roll to $8.46 billion, up 10% from $784 million the previous year in a county with only 210,528 permanent residents. Tavares, the county seat, is 38 miles northwest of Downtown Orlando.