Arvida Realty Services, a Business Unit of The St. Joe Company - NYSE:JOE - Purchases Assets of Premiere Place, Inc. in Fort Myers.Business Editors FORT MYERS Fort Myers, city (1990 pop. 45,206), seat of Lee co., SW Fla., on the Caloosahatchee River, near the Gulf of Mexico; founded 1850, inc. 1905. It has a tourist trade and light industry and is a shipping point for citrus fruits, winter vegetables, flowers (especially , Fla.--(BUSINESS WIRE)--Feb. 24, 2000 Arvida Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Services, a business unit of The St. Joe Company The St. Joe Company (NYSE: JOE)is a land development company and Florida's largest private landowner, owning about 805,000 acres (0 km) in the state [1]. (NYSE NYSE See: New York Stock Exchange :JOE), has announced that it has purchased certain assets of Premiere Place, Inc. located at15065 McGregor Boulevard. The announcement was made by Charles Richardson Charles Richardson may refer to:
"Premiere Place has been in business since 1998 and specializes in luxury waterfront properties located along the McGregor - Iona corridor of south Ft, Myers," said Richardson. "We wanted to expand our presence in that area and saw an opportunity to partner with an outstanding real estate firm that shares the same professional ethics professional ethics, n the rules governing the conduct, transactions, and relationships within a profession and among its publics. professional ethics liability, n 1. that we do. The combination of a solid reputation and an outstanding geographical location makes Premiere Place a welcome addition to the company's Lee/Collier office network," he explained. With the addition of Premiere Place, Arvida Realty Services now operates 10 offices throughout Lee and Collier Counties. "We decided to join Arvida Realty Services for a number of reasons including the company's reputation as a quality, well-managed organization," says Kistler. "Premiere Place has always been committed to the highest professional standards and level of customer service possible, and we proudly guard our valued reputation which is based on trust and integrity. We felt that we needed to affiliate with a company that shares our same philosophy and could help us broaden our opportunities to better serve our clients and enhance our associates' marketing abilities. For us to grow, keep pace with technology and meet customer demands, we saw a partnership with Arvida Realty Services as the ideal solution." Premiere Place currently has 16 sales professionals affiliated with the office, and all four partners will remain with the company in sales positions. Joe Saber, Managing Broker of Arvida Realty Services' Cape Coral Cape Coral, city (1990 pop. 74,991), Lee co., SW coastal Fla., located on an estuary of the Caloosahatchee River; inc. 1970. It is mostly a residential city that has grown rapidly along with the southern Florida area. office will also oversee the McGregor Boulevard location. Headquartered in Clearwater, Arvida Realty Services is the state's largest independent real estate brokerage and the 5th largest in the nation with more than 95 offices located throughout the state and 3,000 licensed sales professionals and 700 employees affiliated with the company. It offers residential and commercial real estate sales, relocation services Relocation services or "employee relocation" includes a range of internal business processes that are engaged to transfer employees (and often their families) or entire departments of a business to a new work location. , asset and property management, title and mortgage services, annual and seasonal rentals, resort management and international real estate marketing. The company generated $6.5 billion in sales in 1999. The St. Joe Company, a publicly held company based in Jacksonville, is Florida's largest real estate company. It is engaged in community, commercial, industrial, hospitality, leisure and resort development, along with residential and commercial real estate services. St. Joe is comprised of two real estate development arms, St. Joe Commercial and Arvida, each with a services component. The company also has significant interests in timber. For more information about Arvida Realty Services, see the company's web site at www.ArvidaRealty.com. More information about St. Joe can be found at the St. Joe web site, www.joe.com. The above discussion contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and Section 21E of the Exchange Act of 1934, as amended. Such statements are based on current expectations and are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize ma·te·ri·al·ize v. ma·te·ri·al·ized, ma·te·ri·al·iz·ing, ma·te·ri·al·iz·es v.tr. 1. To cause to become real or actual: By building the house, we materialized a dream. or should the underlying assumptions prove incorrect, the company's actual performance may differ materially from that indicated or suggested by any forward-looking statement contained herein. "Arvida" is a registered trademark. "Arvida, a St. Joe Company" and the "taking flight" logo are service marks of The St. Joe Company. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion