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Tampa Bay Business Journal The overall vacancy rate for class-A office space in Florida's Manatee and Sarasota counties rose to 17 percent in the second quarter from 13.7 percent, according to Colliers Arnold Commercial Real Estate Services. And rental rates...
Memphis Business Journal The Memphis, Tenn., Center City Commission's Downtown Parking Authority has approved a plan for a mixed-use development in that city. A group calling itself 100 South Main Partners is developing the five-story Barboro Alley Flats at Gayoso...
South Florida Sun-Sentinel Ritz-Carlton Hotel Co. has struck a deal with hotel owner Castillo Grand LLC to re-brand the nearly 200-room St. Regis luxury resort in Fort Lauderdale, Fla., to a Ritz-Carlton. The Chevy Chase, Md., hotel company will assume...
Charlotte Observer The Legacy Village mixed-use development is beginning to take shape in the Charlotte, N.C., suburb of Mooresville, N.C. The 28-acre property is being developed by Pinnacle Properties LLC of Charlotte, which has already sold some of the 118...
Memphis Daily News A private investor calling itself Kirby Raines Self Storage LLC has paid $1.4 million for a self-storage facility in Memphis, Tenn. Kirby Raines Partners sold the 27,030-square-foot property on 3.73 acres at 6504 E. Raines Road. The...
The Tennessean Brian Kemp is moving forward with a project to develop a 217-unit condominium project in Nashville, Tenn. Kemp, a middle Tennessee real estate agent-turned-developer, is teaming with a Nashville builder on the property, Cascadia. Units will be marketed...
Memphis Business Journal Stein World Operating Co. LLC has agreed to lease 350,000 square feet of industrial space in Memphis, Tenn. The company is leasing the space in the Memphis Distribution Center, which was developed by ProLogis, a Denver industrial...
Birmingham Business Journal Inland American Real Estate Trust has paid $49 million for a 1.3 million-square-foot distribution facility in Birmingham, Ala. The Illinois REIT bought the property in a sale-leaseback deal with C&S Wholesale Grocers of New Hampshire. Graham &...
Atlanta Business Chronicle Suburban Atlanta's office vacancy rate rose in the second quarter, to 15.1 percent from 14.3 percent, according to Colliers International. The vacancy rate for downtown, meanwhile, dipped slightly to 13.8 percent from 13.2 percent a quarter earlier....
Charlotte Business Journal Uptown Charlotte, N.C.'s office market had the lowest vacancy rate among 51 of the nation's central business districts, according to Colliers International. The 1.9 percent vacancy rate in the second quarter is down a bit from the...
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