Terranova / Blackrock Joint Venture Acquire $39 Million Paraiso Parc

MIAMI BEACH, FLORIDA – March 21, 2007 – A joint venture between Terranova and BlackRock Realty Advisors has paid $39 million to acquire the brand new Paraiso Parc, a new Publix-anchored shopping center in the heart of southwest Broward County, Florida. The deal closed March 15.

Terranova Awarded Management and Leasing for $88 Million Kendall Mall

MIAMI BEACH, FLORIDA – March 15, 2007 – Terranova has been awarded the management and leasing of the 300,000 square foot Kendall Mall, just acquired by American Realty Advisors for approximately $88 million.

Terranova Signs $1.6 Million Bb&T Bank Deal for Hollywood Station

MIAMI BEACH, FLORIDA – February 11, 2007 – Terranova Corporation has signed regional bank BB&T Corporation (NYSE:BBT) as a tenant at Hollywood Station, a new mixed-use residential and retail development in the heart of Downtown Hollywood in Broward County.