Springer Capital Pays $240.2Mln for S.C. Apartment Portfolio
April 22, 2024
309-Unit Apartment Property Opens in Phoenix
April 22, 2024
Southeast
$22Mln Military Project Planned for Jonesboro, Ark.
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’s Social Security Building Sold for $147Mln
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...
Riverfront Property in Savannah, Ga., on Sales Block
Atlanta Business ChronicleA unit of KPMG Corporate Finance is offering for sale a 15.56-acre waterfront property in Savannah, Ga. The property at 301 N. Lathrop Ave. is hitting the market without an asking price, according to Melaver Mouchet, a Savannah...
Large Lease Signed in Atlanta
Atlanta Journal-ConstitutionMarsh & McLennan Cos. has agreed to lease 125,000 square feet in the 500,000-sf Two Alliance Center in Atlanta's Buckhead neighborhood. The insurance services company will occupy its space for 11 years, according to the lease, which is said...
210-Room Hotel in Fla. Sold
Orlando Business JournalA subsidiary of 3H Group Hotels Inc. has paid $10 million for a 210-room Hampton Inn in Altamonte Springs, Fla. The Chattanooga, Tenn., company bought the hotel from a venture led by HO Enterprises of Georgia in a...
ING Signs 2 Tenants to Large Leases
ING Clarion Partners has signed two large industrial leases in separate deals in Atlanta. The New York investment manager signed Evergreen Sweeteners, a sugar-packaging firm, to 150,668 square feet at 5625 Fulton Industrial Blvd., and Bridgestone Logistics, a third-party logistics...
Piece of Jacksonville, Fla., Office Sold
Jacksonville Business JournalThe Parador Group has purchased a majority stake in the SunTrust Tower in Jacksonville, Fla. The company is said to have paid less than $10 million for 190,000 square feet of the 360,000-sf office building at 76 S....
Miami Hotel Sold
South Florida Business JournalA venture of Brilla Group and AJ Capital Partners has bought the 105-room Raleigh Hotel in Miami's South Beach area. Brilla, a Miami real estate private-equity firm, teamed up with AJ Capital, of Chicago, to acquire the...
Palm Beach, Fla., Office Park Headed to Foreclosure
South Florida Business JournalCenterline Servicing has filed a foreclosure suit against the owner of the Wellington Reserve Office Park in Palm Beach, Fla. The suit was filed last week against Ching Enterprises in Palm Beach County Circuit Court and concerns...
Atlanta’s Renaissance Walk in Foreclosure
Atlanta Business ChronicleA lending consortium led by Bank of America has placed Atlanta's Renaissance Walk condominium project in foreclosure. Integral Group of Atlanta had developed the 161-unit project at the corner of Piedmont and Auburn avenues. It had contributed $16...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
