Southeast

Charlotte Business JournalWells Fargo & Co. plans to vacate space in four Charlotte, N.C., office towers in a move to consolidate space in that city. The bank, which last year bought Wachovia Corp., plans to reduce its space by 300,000...

Wall Street JournalLenders led by HSBC Holdings and Bank of America are expected to take through foreclosure Miami's Icon Brickell, a complex of three 50-story condominium towers with 1,800 units that Related Group of Florida developed at a cost of...

South Florida Business JournalLSREF Summer REO Trust 2009 of New York has filed a foreclosure suit against the owner of three Palm Beach, Fla., office buildings. The buildings at 218, 231 and 324 Royal Palm Way total 50,426 square feet...

South Florida Business JournalA tenant-in-common group that owns the Silver Lakes Campus in Pembroke Pines, Fla., is being hit with a foreclosure suit. A CMBS trust filed suit against the owner of the two building property, with a combined 48,713...

Atlanta Journal-ConstitutionCWCapital has acquired the 259,888-square-foot Tower Place 200 office building in Atlanta through foreclosure for $32 million. The 14-story property at 3348 Peachtree Road in the city's Buckhead neighborhood, was previously owned by Transwestern, which paid $56.3 million for...

Birmingham NewsColonial Properties Trust has assumed full ownership of the Colonial Promenade Alabaster retail center in Alabaster, Ala. The Birmingham REIT had owned the 612,000-square-foot property in a joint venture with OZRE Retail, but said it is dissolving the venture...

Orlando Business JournalThe Martin-Brower Co. has sold a 114,292-square-foot industrial building in the Orlando, Fla., suburb of Kissimmee, Fla. Vastu LLC paid $2.2 million for the cold-storage/warehouse facility at 1112 Collins Drive. Colliers Arnold Orlando represented the buyer, while Southern...

Tampa TribuneDonald Trump has sued the developer of the failed Trump Tower Tampa luxury condominium project in Tampa, Fla. Two years ago, work had stopped on the planned 52-story project, first announced in 2005, and after that, Trump filed suit...

Birmingham NewsTrustees with the University of Alabama have approved the $9.5 million purchase of the Capstone Village retirement village in Tuscaloosa, Ala. The 137-unit property, which is on the eastern end of the campus, totals 228,000 square feet and includes...

South Florida Business JournalA foreclosure suit has been filed against the owner of the 93-room Sagamore Hotel in Miami Beach, Fla. The hotel is backed by a $31.5 million loan that is securitized through JPMorgan Chase Commercial Mortgage Securities Corp.,...