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CharlotteObserverThe vacancy rate for office space in the Charlotte, N.C., area rose in the first quarter by 2.7percentage points from a year ago to 12.3 percent.Brokerage Colliers Pinkard reported that the vacancyshould peak at nearly 15 percent over the next...
AtlantaJournal-ConstitutionOnly $33 million of office properties sold in Atlanta duringthe first quarter, according to LoopNet. That's an 89 percent decline from the$294 million of sales last year. Those properties that sold changed hands for$186/sf, up from $169/sf a year ago.Meanwhile,...
South Florida Sun-SentinelThe Trump International Hotel & Tower in Fort Lauderdale, Fla., may not open, according to a letter to the property's investors. SB Hotel Associates LLC, the property's developer, informed investors that unless they sell at least half of...
Charlotte ObserverSahaj Hotels is expecting to break ground next week on a 190-room CrownePlaza hotel on Airgate Drive near the Raleigh-Durham International Airport. The Carey, N.C., developer is said to be narrowing its list of potential debt providers for the...
The TennesseanMarket Center Management Co. is planning a 1.5 million-square-foot medical trade center in downtown Nashville, Tenn. The Dallas subsidiary of Crow Holdings hopes to acquire and redevelop an existing building or two for the first phase of the Nashville...
South Florida Business JournalBank of America has filed a foreclosure suit against the owner of the 70,046-square-foot Inverness Shopping Plaza in Lauderhill, Fla. Bank of America, trustee for the CMBS deal that owns the property's loan, has sued the owners...
Orlando Business JournalMadison Glen LLC is planning a 97-unit seniors-housing property in the Orlando, Fla., suburb of Ormond Beach, Fla. The Lake Mary, Fla., company plans to break ground on the project in August.
The Business Journal of the Greater Triad AreaAn auction will be held on July 15 for the 35,675-square-foot Nash Building in downtown Winston-Salem, N.C. The building, also known as the Bolich Building, comes with a 10,270-sf parking garage. Tenants at...
Orlando Business JournalConstruction is slated to begin next week on a student-housing project near the campus of the University of Central Florida in Orlando, Fla. A venture of Lee Chira Holdings Ltd. of Orlando and Dinerstein Cos. of Houston is...
South Florida Business JournalDeveloper Tibor Hollo is said to be buying 1101 Brickell Ave. in Miami. A purchase price was not disclosed. In 2005, Leviev Boymelgreen, which was headed by Lev Leviev, had paid $70 million for three acres in...
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