What's Up?

Journal of Property Management, May/June 2007 | Go to article overview

What's Up?


News and Notes from IREM® Headquarters

Landing the deals

* Divaris Real Estate Inc., which comprises Divaris Property Management Corp., AMO, made several business transactions:

* It leased 1,003 square feet of office space to the Independent Living & Support Services Inc., in Norfolk, Va.

* It leased 1,702 square feet of office space to CLC of Norfolk Inc., at Southport Trade Center in Virginia Beach, Va.

* It has been named exclusive leasing agent of Oceana Medical Center, a 20,000-square-foot office building in Virginia Beach, Va. The property is scheduled to open in spring 2008.

* It sold the 7,018-square-foot Merchant's Tire & Auto Center in Virginia Beach, Va., to Wynnewood Associates LLP.

* CB Richard EIMs1AMO, made several business transactions:

* It sold Monarch Towne Center Land in Miramar, Fla., to Liberty Property Limited Partnership. The 17.5 acre property will be home to two 120,000-square-foot office buildings.

* It sold New World Tower, a 278,422-square-foot office building in Miami to Westbrook Partners and Panther Real Estate Partners.

* It sold the 22,970-square-foot ground floor commercial component of The Waverly at Las Olas in Ft. Lauderdale, Fla.

* It has been named exclusive leasing agent for Okeechobee West Center, a 40,000-square-foot office building in West Palm Beach, FIa. The building will be completed in May.

* It sold Bay Tec Center, a 124,327-square-foot service center in St. Petersburg, Fla., to Tower Realty.

* Colliers Turley Martin Tucker, AMO, made two business transactions:

* It arranged the sale of nine buildings and 2.36 acres of land to Falcon real estate Investment Company, LP, at the Memphis International Arport Center.

* It has begun management of the Chase Tower and Circle Building, a 1 ,057,877-square-foot multi-tenant facility in downtown Indianapolis.

* JRT realty, along with strategic alliance partner Cushman and Wakefield, AMO, will provide property management services to three executive office buildings totaling more than 800,000 square feet in Phoenix.

Awards and recognition

* Market Tower, a 17,000-square-foot office building managed by Colliers Turley Martin Tucker, AMO, in Indianapolis, earned a 2006 ENERGY STAR from the U.S. Environmental Protection Agency. The ENERGY STAR Award distinguishes the top 25 percent of buildings in the nation in terms of energy performance.

* Philadelphia Housing Authority Executive Director Carl Greene, CPM, has been honored as the first winner of the National Association of Housing and Redevelopment Officials Advocacy Award for his efforts to provide the finest housing possible to low-income families. The Philadelphia Housing Authority also received the U.S. Department of Energy's ENERGY STAR Award for its efforts in energy conservation.

* John Hugenard, principal/senior vice president in the industrial services division of Colliers Turley Martin Tucker, AMO, in Indianapolis has been named to an elite group of 36 industrial real estate professionals in First Industrial Realty Trust's annual First Place Broker recognition program. The program acknowledges industrial broker excellence nationwide.

Career Moves

* IREM's Region 4 Vice President Robin Stinson, CPM, and Ann Reisch, CPM, CCIM, have joined forces to form Urban Property Partners, Central Florida's first female-owned real estate management company specializing in mixed-use properties. Urban Property Partners will meet the demands of tenants in residential, commercial and community association projects.

* Susan E. Collins has been promoted to Director of Property Management in the Virginia Beach, Va., headquarters office of Divaris Property Management Corp., AMO. She will be responsible for all property management activities at Divaris, which includes a portfolio of 55 properties in four states.

* Anne Millar-Wright has been promoted to Assistant Vice President of Development Services in Divaris Real Estate's Virginia Beach, Va. …

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