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ATLANTA-Executive vice president R. Gregory Fox is wearing two hats for while. R. Byron Carlock, Jr. resigned as executive vice president and chief investment officer. John R. Allums is the new executive vice president of construction for the REIT's western markets.
OCALA, FL-A three-investor group outbid 16 of the world's most prominent thoroughbred owners to buy the land; a 4,200-sf, six-bedroom lodge; six barns; and acres of pasture where Silver Buck sired Silver Charm, winner of the 1997 Kentucky Derby and the Preakness Stakes.
HOUSTON-Capital Automotive REIT has taken control of two properties from the Momentum Automotive Group, paying $4.7 million as part of $39.6 million in second-quarter transactions for the McLean, VA-based operation.
AUSTIN-NAI/Commercial Industrial Properties Co. is hiring three office brokers and an investment broker in an expansion of its Austin-based brokerage team.
SAN FRANCISCO-The investment bank's third quarter preview predicts above-average same store NOI growth in the apartment and CBD office sectors, average same store NOI growth in suburban office, industrial, lodging and retail, and below-average NOI growth in specialty and self-storage.
CHICAGO-The CEO of the big industrial REIT says the trust's strategic portfolio realignment is on track, and analysts agree. A huge deal with Proctor & Gamble to build one of Pennsylvania's largest warehouse facilities is confirmation that the REIT's strategy of focusing on project development for key clients is reaping dividends.