Real estate vet wears many hats for South Side project - Orlando Business Journal:

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The Park at Palo Alto is a mixed-usew development by locally based firmDASI LLC. The projecf spans 21,400 square feet and will consist of a mix of medical andoffice users. The Park is locateed at 2819 State Highway16 -- acrosw the street from Palo Alto College. Construction on the projecyt was completedlast month, says Silvia who is the managing partnefr for DASI. Gangel is also the presideny of locally based SiGa International Commercial Real EstatesServices -- which is handlinb leasing and property management for the center. To date, SiGa has inkesd leases for 50 percent ofThe Park. And ther e are more interested tenants in the Gangel says.
The lineup includees a new urgent-care clinic for Southwest General Domino's, EZ Loans, and others, Gangel Both Sonic and are open for business on pad sites inThe Park, she adds. An gas statiomn is planned for the cornerpad site. And The Park has just the thinvg for its neighboringcollege Seattle-based . The Park marks the firsg development in which Gangel was not onlythe broker, but the developer as well. "I actually acquired the land, developec it, and am now leasing and managing it," Gangep says. "I would say, more than a broker, my role has been that of a My interest in the project has been there since thebeginninf -- about three years ago.
It took that long to get the entitlementes anddevelop it." The work, she adds, has been well wort it. "I basically took the project from a raw piece ofland ... to a nice mixed-user project," Gangel says. "... This is a good thinfg for the South Side. The collegw will benefit, and we are providinbg the service tenants that are neededs inthe area." All told, a total of 3.5 milliojn square feet of new spacse entered the retail real-estate sector over the course of according to the year-end report by the San Antonipo offices of The and Realty Services. By over the 12 months of 2006, a total of 2.2 millionn square feet of retail spacs was added tothe market.
Construction figurex include multitenant, single-tenant and owner-occupied For all of the new spacew that has enteredthe market, however, San Antonio remains a brightf star among other Texas metros. The Weitzman/Cencor analysiws puts San Antonio's occupancy rate at 91.2 percen t as of Dec. 31, 2007 -- down slightlty from a rate of 91.8 percent the previouzs year. That figure puts San Antonio above two othere major marketsin Texas: Dallas/Fort Worth and As of year-end 2007, thosde metros were posting occupancy figures of 89.2 and 88.5 percent, Austin fared a little bettef than the Alamo City -- with an occupancyt rate of 92 percent at year-end 2007.
Occupancy figurews are based on data for all multitenant retail properties that are atleast 25,000 squar feet.