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South Florida Business JournalAn affiliate of Colorado & Santa Fe Real Estate has purchased a $34 million mortgage against the Orchid Grove residential property in Pompano Beach, Fla. Regions Bank in March 2009 filed a foreclosure suit against the project's...
Orlando Business JournalTimothy Bailey of The Parks of Mt. Dora LLC is planning a $100 million mixed-use project in Orange County, Fla. The Lake County, Fla., developer purchased a 63.5-acre tract on State Road 441 five years ago for the...
Orlando Business JournalThe Seminole County, Fla., office market had a vacancy rate of 19.1 percent, compared to the 21.1 percent rate for the entire central Florida region, according to Cushman & Wakefield. The company added that 1.5 million square feet...
Birmingham Business JournalThe industrial market in Birmingham, Ala., had 34,748 square feet of net absorption in the first quarter, according to EGS Commercial Real Estate. However, according to the real estate company, subleased space increased during the first three months...
South Florida Business JournalA foreclosure auction is scheduled for May 6 for the Crown Plaza at Sawgrass Mills, a 250-room hotel in Sunrise, Fla. The group that owns the property at 13400 W. Sunrise Blvd. recently lost a $21.5 million...
South Florida Business JournalPNC Bank has filed a foreclosure suit against the developer of a stalled mixed-use project in Boynton Beach, Fla. The suit pertains to a $17 million loan that the bank provided to MCZ/Centrum, a partnership of MCZ...
Birmingham Business JournalOccupancy for the retail sector in Birmingham, Ala., hit 87.4 percent in the first quarter, up slightly from 86.8 percent at the same time last year, according to EGS Commercial Real Estate. But occupancy is down from the...
Miami HeraldLawyers for the Sagamore Hotel in Miami are trying to persuade a Miami-Dade County Circuit Court judge to halt the sale of the South Beach boutique property's loan. A foreclosure suit was filed last December against the owner of...
Orlando Business JournalIntersil Corp. is donating a semiconductor wafer fabrication complex in suburban Orlando, Fla., to the University of Central Florida. The $13 million property, which sits on five acres in Palm Bay, Fla., consists of 100,494 square feet of...
Jacksonville Business JournalLN Development Inc. has bought the Magnolia Point Apartments, a 229-unit complex in Jacksonville, Fla. Blue Valley Inc. of West Palm Beach, Fla., sold the class-C property at 7507 Beach Blvd. for $4 million in a deal brokered...
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