Southeast
$25Mln Apartment Project Coming to St. Petersburg, Fla.
Tampa Bay Business Journal A venture of Landings Real Estate Group and BendinRoad Development has plans to construct an eight-story apartment building with 97 units in St. Petersburg, Fla. The project is being planned for a 0.23-acre development site at...
Miami Mixed-Use Project Gets $43.75Mln Construction Loan
South Florida Business Journal Popular Bank has provided a $43.75 million loan for the construction of the Northside Village mixed-use project in Miami's West Little River neighborhood. IMC Equity Group recently broke ground on the project, which is being built...
Housing Trust Group Gets $61Mln Loan for South Fla. Apartment Project
South Florida Business Journal Housing Trust Group has lined up $61 million of construction financing for the University Station apartment property in Hollywood, Fla. The Miami company is building the 216-unit property on 2.5 acres at 309 North 21st Ave....
Asana Partners Pays $19.15Mln for Charlotte’s Water Works Building
Charlotte Business Journal Asana Partners has bought the Grinnell Water Works building in Charlotte, N.C., for $19.15 million, or about $368.63/sf. The local real estate investor purchased the 51,949-square-foot office property from Northridge Capital of Washington, D.C., which had bought...
103-Room Hotel Near Raleigh-Durham Airport Trades for $10.3Mln
Triangle Business Journal Anantaa Inc. has paid $10.3 million, or $100,000/room, for the 103-room Cambria Hotel Raleigh-Durham Airport in Morrisville, N.C. The Goldsboro, N.C., company purchased the property, which sits on 2.3 acres at 300 Airgate Drive, from a company...
Related Group Breaks Ground on 21-Story Condo Property in Pompano Beach, Fla.
South Florida Business Journal Ground has broken on the 113-unit Casamar Residences condominium property in Pompano Beach, Fla. Related Group of Miami is building the 21-story property on 3.07 acres at 900 North Ocean Blvd. It already sold most of...
612-Unit Apartment Property in Lauderdale Lakes, Fla., Fetches $77.12Mln
South Florida Business Journal Somerset Grove LLC has bought Somerset IV & V, a 612-unit apartment property in Lauderdale Lakes, Fla., for $77.12 million, or about $126,013/unit. The Spring Valley, N.Y., company bought the property, which sits on a 36.1-acre...
Seritage Sells Vacant Sears Store in Hialeah, Fla., for $16.5Mln
South Florida Business Journal An affiliate of Seritage Growth Properties has sold the vacant 153,596-square-foot Sears store at the Westland Mall in Hialeah, Fla., for $16.5 million, or about $107.42/sf. A venture led by Cordina Partners of Coral Gables, Fla.,...
Alta Developers Plans 18-Story Condo Building in North Miami
South Florida Business Journal Alta Developers has proposed building a 96-unit condominium building in North Miami. The local developer is planning the 18-story property for a 0.79-acre site along Biscayne Bay, at 11950 North Bayshore Drive, which it had bought...
294-Unit Apartment Property Proposed for Suburban Charlotte, N.C.
Charlotte Business Journal Blue Heron Asset Management has proposed building a 294-unit apartment property in downtown Pineville, N.C., about 14 miles south of Charlotte, N.C. The Raleigh, N.C., developer is planning the five-story property for a 4.8-acre development site at...
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