Southeast
Atlanta Sees Office Vacancy Rate Increase
Atlanta Business ChronicleThe downtown Atlanta office-vacancy rate for the first quarter was down slightly to 13.3 percent from 13.4 percent, according to Colliers International. But that's still higher than the 12.8 percent national average for downtown office space. The region's...
Land for a Proposed Mixed-Use Project in Jacksonville Hits Sales Market
Jacksonville Times-UnionMiles Development Partners is offering for sale three-fourths of the land that had been slated for the planned Brooklyn Park mixed-use complex in Jacksonville, Fla. The Atlanta developer is listing for sale six blocks south of Oak Street while...
South Fla. Casino Permitted to Expand
South Florida Business JournalPPI Inc. has been granted approval by Broward County, Fla., commissioners to expand the Isle of Capri casino in Fort Lauderdale, Fla. Despite objections of local residents, who fear an increase in area traffic, the commission approved...
Office Vacancies to Rise in Charlotte’s Uptown Submarket
Charlotte Business JournalThe office vacancy rate in Charlotte, N.C.'s Uptown submarket is expected to rise 370 basis points to 16.3 percent this year, according to Marcus & Millichap. In addition, rents are expected to take a tumble, falling 4.2 percent...
Fla. Development Site on the Market for $11.5Mln
Marcus & Millichap is representing an unknown seller in the offering of a 37-acre development site in Port St. Lucie, Fla. The Port St. Lucie Center Village, at 1684 Port St. Lucie Blvd., comes to market with an $11.5 million...
Foreclosure Suit Filed Against Office Owner in Boca Raton, Fla.
South Florida Business JournalThe Wachtel and Granet families have filed a foreclosure suit against the owner of a 10,211-square-foot office building at 199 W. Palmetto Park Road in Boca Raton, Fla. The suit names SRAM-Palmetto of Boca Raton as defendant....
Birmingham, Ala., Company Tapped for Office, Hotel Projects
Birmingham Business JournalHoar Construction LLC has been tapped to develop an office building in Mississippi and a hotel in Alabama. The Birmingham, Ala., company is building a 100,000-square-foot property in Ridgeland, Miss., that will serve as the corporate headquarters for...
First Solar-Powered City Planned North of Fort Myers, Fla.
Miami HeraldKitson & Partners is teaming up with Florida Power & Light to develop what is expected to be the first city in the nation powered by solar energy. The Palm Beach, Fla., real estate firm will develop "the world's...
Charlotte’s Apartment Vacancy Rate Grows, Rental Rates Fall
Charlotte ObserverCharlotte, N.C.'s apartment vacancy rate rose for the six-month period ending Feb. 28, to 11.8 percent from 9.1 percent, according to Real Data. The research firm, which surveys the apartment market twice a year for the Charlotte Apartment Association,...
Office Vacancies on the Rise in Nashville
Nashville Business JournalOffice vacancies in Nashville, Tenn., rose a little more than half of a percentage point in the first quarter to 12.8 percent, according to CB Richard Ellis. The brokerage found that the vacancy rate in the city's downtown...
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