NORTH MIAMI BEACH, FL-Locally-based Equity One is taking over management of 11 Florida properties owned by Toronto-based Centrefund Realty and assuming asset management responsibilities for 17 of Centrefund's Texas holdings. The agreement follows purchase of the controlling interest in Centrefund by Equity One's majority investor, Israel-based Gazit-Globe.

HARRISON, NY-While the $35-billion merger deal between Texaco Inc. and Chevron Corp. will create the world's fourth largest oil company, it also will mean the loss of 4,000 jobs and the possible availability of the Texaco headquarters complex in Harrison, NY.

LONGMONT, CO-Western Property Advisors' sell strategy to buy under-valued properties, then fully lease them and re-market them pays off in this Boulder suburb. About $18.8 million has been realized in the sale of Ute Creek.

NEW YORK CITY-With 669,000 sf at 1285 Ave. of the Americas alone, and 385 offices worldwide, eyes are on the office and retail space of PaineWebber as it plans to merge with Union Bank of Switzerland.