Southeast
Tampa-Area Retail Loan, Like a Number in the Region, is Distressed
Tampa Bay Business JournalA $26.5 million loan that is backed by the 425,000-square-foot Seminole Mall retail complex in Pinellas County, Fla., was moved to special servicing last month due to imminent default, according to Trepp LLC. The New York data...
Jacksonville Apartment Complex Sold
Jacksonville Business JournalBell Partners has paid $26.8 million for the Aventine at Deerwood, a 282-unit apartment property in Jacksonville, Fla. The North Carolina real estate investment and management firm bought the property at 4435 E. Touchton Road on behalf of...
South Fla. Hotel Hit with Foreclosure Suit
South Florida Business JournalThe owner of the 250-room Crowne Plaza at Sawgrass Mills in Sunrise, Fla., has been hit with a foreclosure suit. A group calling itself GFII DVI Cardel Sawgrass was sued, according to Broward County Circuit Court records,...
Fla. Apartments Sold
South Florida Business JournalJamestown of Atlanta has paid $31.25 million for the Vista View Apartments near Sunny Isles Beach, Fla. The 308-unit property with four buildings on seven acres had been facing a $48.5 million foreclosure suit filed by Capmark...
BofA Files to Foreclose on South Fla. Retail-Entertainment Complex
South Florida Business JournalBank of America has filed a foreclosure suit against the owner of Cocowalk, a 200,000-square-foot retail and entertainment complex in Coconut Grove, Fla. The four-story property at 3015 Grand Ave. is owned by a group that calls...
CVS Store in Jacksonville Sold for $4.3Mln
Jacksonville Business JournalAmerican Realty Capital has paid $4.3 million for a CVS pharmacy store in Jacksonville, Fla. The company, which invests in single-tenant properties throughout the country, bought the property at 50 Duval Station Road off Main Street from CVS...
Ybor City, Fla., Office Building Sold
Tampa Bay Business JournalThe Hillsborough Community College has paid $6.5 million for the former Heidt & Associates headquarters building in Ybor City, Fla. Heidt had been a civil engineering firm that for 65 years had developed many communities in the...
Tampa Apartment Property Sold
Tampa Bay Business JournalA company affiliated with Robbins Manager LLC of Newton, Mass., has paid $16.3 million for the Legend Oaks Apartments in Tampa, Fla. Robbins financed the purchase with a $13 million mortgage that was provided by General Electric...
Fla. Retail Property Sold for $20.7Mln
Orlando Business JournalColonial Properties Trust has sold the 286,000-square-foot Colonial Promenade Winter Haven retail center in Polk County, Fla., for $20.7 million. The Birmingham, Ala., REIT sold the property at 303 Cypress Gardens Blvd. in Winter Haven, Fla., to an...
40-Building Industrial Complex Planned for Lincoln County, N.C.
CharlotteBusiness JournalButchBouwens, president of LB Builders Construction Group is planning Airlie Park atIngleside, an industrial park on 231 acres in eastern Lincoln County. The complexwould have up to 40 buildings and would be constructed on land owned by theDavid Clark...
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