Southeast

South Florida Business JournalA subsidiary of iStar Financial has filed a $78.9 million foreclosure suit against the developer of a condominium property in South Beach, Miami. The suit, filed in Miami-Dade County Circuit Court late last week, is targeting 25...

South Florida Business JournalBranch Banking and Trust Co. has filed a $30.3 million foreclosure suit against the owner of the Lakes on the Green Shopping Center in Miami Gardens, Fla. The Winston-Salem, N.C., bank, also known as BB&T, filed its...

Tampa Bay Business JournalA subsidiary of Minto Group has bought land on Perico Island in Florida that was slated for a 684-unit residential community in 12 buildings. The Canadian homebuilder paid St. Joe Co. $8 million for the land, which...

Atlanta Journal-ConstitutionAutoTrader.com is relocating its Atlanta-area headquarters to the city's 3003 Perimeter Summit building from its current location in Dunwoody, Ga. Jones Lang LaSalle said that the online automobile company had been looking for some 250,000 square feet in the...

Atlanta Business ChronicleProLogis has signed two tenants to large industrial leases in the Atlanta area. The Denver industrial REIT signed Innotrac Corp. to a lease for 115,000 square feet of space in its Progress Distribution Center Building One near Highway...

Charlotte Business JournalConstruction on the 51-story Vue condominium project in Charlotte, N.C., is expected to resume after the project's general contractor received payment from its developer, MCL Cos. The Chicago developer had stopped making payments, prompting R.J. Griffin & Co....

Memphis Business JournalResource Real Estate Inc. has bought the 568-unit Wyndridge Apartments in Memphis, Tenn., for $9.5 million. The Philadelphia company acquired the property at Knight Arnold and Ridgeway from Federal Home Loan Mortgage Corp. in a deal brokered by...

An investment group from Tennessee has paid $10 million for a 210-room Hampton Inn hotel in suburban Orlando, Fla. A Georgia investor sold the 4.55-acre property at 151 North Douglas Ave. in Altamonte Springs, Fla., in a deal brokered by...

Memphis Business JournalW.G. Yates & Sons Construction Co. has been chosen to develop a $22 million Armed Forces Reserve Center in Jonesboro, Ark. The U.S. Army Corps of Engineers chose the Memphis, Tenn., company to develop the property, which will...

Birmingham Business JournalThe 588,000-square-foot Social Security Administration building in Birmingham, Ala., has been sold out of bankruptcy for $147 million. Opus South last year had completed the property at Eighth Avenue North and 14th Street, but threw the property into...