389-Unit Apartment Property Opens in Morgan Hill, Calif.
April 24, 2024
SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln
April 24, 2024
Southeast
InterContinental Sees Drop in RevPAR
Atlanta Journal-ConstitutionInterContinental Hotel Group of the United Kingdom has reported that first-quarter revenue per available room for its properties in the United States fell by 14.2 percent. That drop is better than the industry's 17.7 percent average drop."As expected, the...
General Mills to Develop 1.5Mln-SF Distribution Plant in Georgia
Atlanta Journal-ConstitutionGeneral Mills Inc. is planning a 1.5 million-square-foot distribution center in Walton County, Ga. The maker of such food products as Gold Medal flour, Trix cereal and Progresso soup will use the facility to service the southeastern United States...
Ground to Break on Nashville Shopping Center
The TennesseanA groundbreaking will be held tomorrow on a $13 million retail and office project with more than 75,000 square feet in Nashville, Tenn. The project on Charlotte Pike at Annex Avenue will be anchored by a 45,600-sf Publix supermarket....
354-Unit Apartment Property in Jacksonville, Fla., Sold
Jacksonville Business JournalRivermont Properties Inc. has sold the 354-unit Willow Lake Apartments in Jacksonville, Fla. A private investment group paid $6.5 million for the property at 770 Hare Ave., which was built in 1962. Walchle Lear Multifamily Advisors represented Rivermont...
Developers Faces 3 Foreclosure Suits on South Fla. Projects
South Florida Business JournalSky Development has been hit with three foreclosure suits again two of its projects in south Florida. The Aventura, Fla., developer owes more than $27 million to a pair of lenders that provided debt for the City...
Bank Files to Foreclose on Fla. Apartments
South Florida Business JournalOcean Bank has filed a foreclosure suit against the owners of the 60-unit Sunrise Place Apartments in Sunrise, Fla. The Miami bank, in November 2007, had provided Sunrise Place Group of Coral Gables, Fla., $4.5 million to...
72,400-SF Office Development Slated for Lake Mary, Fla.
Orlando Business JournalMariner Asset Management Services plans to develop a 72,400-square-foot office complex in Lake Mary, Fla. The West Palm Beach, Fla., developer will begin construction in the third quarter on the $10 million Hills of Lake Mary Professional Centre...
AmTrust Files Foreclosure Suit Against Developer of Fla. Residential Property
St. Petersburg TimesAmTrust Bank has become the latest lender to file a foreclosure suit against the developer of The Resort & Club at Little Harbor residential community in Ruskin, Fla. The bank has alleged that EarthMark owes $8.9 million on...
Historic Charlotte Office Property Hits Sales Block
Charlotte ObserverThe Foundation of the Carolinas is offering for sale its headquarters property in Charlotte, N.C. The group has tapped Keystone Partners of Charlotte to market the 27,280-square-foot office building at 217 S. Tyron St. for about $5 million. The...
Construction to Start Next Week on South Fla. Hotel/Marina Complex
South Florida Business JournalConstruction is slated to begin next week on the $150 million Atlantic Village Hotel & Marina complex in Dania Beach, Fla. The property will sit on 10 acres at Interstate 95 and Griffin Road, south of the...
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