Lovell returns to Studley
Chris Lovell has returned to Studley as a senior managing director at the commercial real estate firm’s Miami office. His responsibilities will include tenants in central financial districts in Fort Lauderdale and Miami, focusing on financial services and banks. Lovell started his real estate career with Studley in 1980, and he started the firm’s San Francisco office in 1986. Prior to rejoining Studley’s Miami office, Lovell was the chief operating officer of Reliance Housing Foundation, a nonprofit affordable housing development and management company based in Fort Lauderdale.
CREW luncheon scheduled
A market forecast luncheon is scheduled for 11:30 a.m. May 14 at the Biltmore Hotel’s Country Club Ballroom in Coral Gables. The event is jointly sponsored by Commercial Real Estate Women-Miami, the Coral Gables Chamber of Commerce and the Commercial Industrial Association of South Florida. The 2009 Real Estate Outlook will offer commercial real estate forecasts from market experts and observers. The cost is $45 for members, $55 for non-members, $60 at the door. RSVP by May 7th at www.coralgableschamber.org.
AEI buys $30 million in Best Buy properties
AEI Capital has bought more than $30 million of Best Buy properties for its net leased property investment funds. The properties were bought as part of AEI’s continuing investment strategy, using all cash without debt to acquire net leased commercial space under long-term lease to major credit tenants. TRD