John Petersen Resigning as COO of PS Business Parks
June 3, 2021
Marc Fox Named CFO of Greystone
June 1, 2021
Southeast
Banyan Closes on Acquisition of 20 North Orange Ave. in Orlando
Orlando Business Journal Banyan Street Capital has closed on its $63 million, or about $225.18/sf, purchase of 20 North Orange Ave., a 279,780-square-foot office building in downtown Orlando, Fla. The deal was first announced earlier this month. The Miami company bought...
Gilbane Proposes 346-Unit Apartment Project Near Orlando, Fla.
Orlando Business Journal Gilbane Development Co. has filed plans to build a 346-unit apartment project in Altamonte Springs, Fla., about 11 miles north of Orlando, Fla. The 19-story property has been proposed for a 1.47-acre development site west of the...
CityPlace Tower in West Palm Beach, Fla., Trades for $175Mln
South Florida Business Journal Related Cos. has paid $175 million, or about $576.57/sf, for CityPlace Tower, a 303,519-square-foot office building in West Palm Beach, Fla. The company, which is led by Stephen M. Ross, owner of the Miami Dolphins professional...
10-Story Office Building Part of Charlotte, N.C., Redevelopment
Charlotte Business Journal Lincoln Harris has filed plans to build a 10-story office building with 164,000 square feet in Charlotte, N.C. The Charlotte real estate developer is building the project, along with an adjoining parking garage, on the site of...
245,000-SF Industrial Project Breaks Ground in Tampa, Fla.
Tampa Bay Business Journal Scannell Properties has broken ground on the TIA Logistics Center, a 245,000-square-foot warehouse in Tampa, Fla. The Indianapolis developer is building the property on a 20-acre site at Knox Street and Hoover Boulevard, near the Tampa...
REIT Pays $66.5Mln for Charlotte, N.C., Apartments
Charlotte Business Journal An affiliate of Independence Realty Trust has paid $66.5 million, or about $244,485/unit, for Solis City Park, a 272-unit apartment complex in Charlotte, N.C. The Philadelphia REIT bought the recently completed property from its developer, Terwilliger Pappas....
Portfolio of Charlotte-Area Flex Properties Fetches $74Mln
Charlotte Business Journal Adler Real Estate Partners has paid bought a portfolio of eight flex properties totaling 518,300 square feet in the Charlotte, N.C., area for $74 million, or about $142.77/sf. Stockbridge, a San Francisco real estate company, sold the...
350,000-SF Spec Industrial Building Under Construction in Greensboro, N.C.
Triad Business Journal NFI Industries is building a 350,000-square-foot distribution center in Greensboro, N.C. The Camden, N.J., company, which specializes in distribution, logistics and supply chain solutions, is developing the industrial building at 380 Burlington Road. It's being built on...
Work to Start on 170-Unit Apartment Project in Raleigh, N.C.
Triangle Business Journal TWG Development has filed plans to build a 170-unit apartment project in Raleigh, N.C. Work is expected to start soon on the five-story project, which is being planned for a six-acre site at 5329 Departure Drive. It...
Developer Lines Up $14.7Mln Construction Loan for Miami-Area Mixed-Use Project
South Florida Business Journal U.S. Century Bank has provided a $14.7 million construction loan for the Miami Springs Town Center mixed-use project in suburban Miami. Vertix Group arranged the loan on behalf of the developer, a partnership of CIP Miami...
