Terranova Arranges $26.2 Million in Financing for two Miami-Dade Shopping Centers

MIAMI, FLORIDA – June 15, 2004 – Terranova Corporation arranged first mortgage financing for two of its Miami-Dade shopping centers totaling $26.2 million. Both deals allowed the local ownership groups to unlock significant equity from the properties while reducing interest rates.

Terranova Promotes Mcilroy to Director of Leasing

MIAMI, FLORIDA – June 9, 2004 – Terranova Corporation is pleased to announce the promotion of Mindy McIlroy to Director of Leasing.

Terranova Reports Strong Shopping Center Occupancy in Broward County/Ft.Lauderdale Area

MIAMI, FLORIDA – May 20, 2004 – Despite a sluggish economy and consolidation in the retail industry, occupancy and rental rates throughout Broward County’s shopping centers have improved since 2000, according to a recent research study by Terranova Corp. in Miami.