Southeast
2 South Fla. Retail Properties Sold
South Florida Business JournalInland Diversified Real Estate Trust has paid $73.7 million for two retail properties in Port St. Lucie, Fla. A subsidiary of BFC Financial Corp. sold the properties, the 498,322-square-foot Landing at Tradition and the 138,468-sf Tradition at...
South Fla. Hotel Faces Foreclosure
South Florida Business JournalRBC Bank has filed a foreclosure suit against the owner of the Holiday Park Hotel & Suites in Deerfield Beach, Fla. The bank had provided developer York Residential of Atlanta $16.5 million for a planned redevelopment of...
Investor Wants to Sell Recently Purchased Condos at Orlando, Fla., Property
Orlando SentinelCondo Developer LLC, which last month closed on its acquisition of the 165 unsold units in The Vue at Lake Eola condominium tower in Orlando, Fla., wants to sell 10 percent of those units. The Rio de Janerio investor...
Investment Fund Pays $52Mln for Miami Beach Properties
Miami HeraldFort One Real Estate Investments has made three commercial real estate transactions in Miami for $52 million. The investment fund paid $31 million for the 48 remaining condominium units at the Capri South Beach Condominium project, $11 million for...
Retail Lease Rates, Multifamily Sales Prices Lagging in Orlando, Fla.
Orlando SentinelThe average rate for retail mall space in Orlando, Fla., was $118/sf in the first quarter, according to Real Capital Analytics. That compares to $194/sf at the same time last year, according to the New York research firm. And...
Miss. Mall Hits Sales Block
Memphis Business JournalLeigh Mall, a 308,572-square-foot retail property in Columbus, Miss., is being offered for sale. Security National of California owns the property at 1404 Old Aberdeen Road, which is being marketed by CB Richard Ellis with a $12.75 million...
Boca Raton, Fla., Office Building Sold
South Florida Business JournalPebb Enterprises has bought an 89,503-square-foot office complex in Boca Raton, Fla., from Invesco Real Estate. The six-story property, which is 33 percent occupied, sold for $8.55 million, much less than the $16.1 million it trade hands...
Dental-Science Building Planned for UNC-Chapel Hill Campus
Charlotte Business JournalBE&K Building has been chosen by the University of North Carolina-Chapel Hill to develop a 216,000-square-foot dental-science building in Chapel Hill, N.C. The five-story project, which is expected to cost $87 million to develop, is slated to be...
Bayer Properties to Handle Consulting Duties on 2 Retail Complexes
Birmingham Business JournalLangley Properties has tapped Bayer Properties of Birmingham, Ala., to provide leasing, property and marketing consulting for two of its properties with a combined 540,000 square feet. The retail properties are Pelican Place at Craft Farms in Gulf...
Construction Under Way on Life-Science Park at University of Miami
South Florida Business Journal Construction has begun on the first phase of a planned 2 million-square-foot life-science park on the campus of the University of Miami in Coral Gables, Fla. A group led by Wexford Equities is developing the 250,000-square-foot...
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