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Memphis Daily News An entity owned by Reliance Capital Partners has paid $2.8 million for Surrey Apartments, a 108-unit complex in Memphis, Tenn. The California firm bought the property, at 3789 Andreas Drive in the Raleigh neighborhood, from a Washington,...
Birmingham Business Journal Colonial Properties Trust has sold a portfolio of five apartment properties totaling 1,250 units for a combined $81.8 million. A buyer was not disclosed. The properties are concentrated in the Dallas-Fort Worth area and Memphis, Tenn., and...
Miami Herald R. Donahue Peebles is hoping to regain control of the Royal Palm hotel in Miami. Lawyers for Peebles this week asked a Miami judge to remove the current entity operating the property. Peebles, who retained a 12 percent...
Orlando Sentinel Wachovia Bank has filed four separate foreclosure lawsuits against developer Kevin Azzouz regarding his plans to build a 144-unit condominium building in Orlando, Fla. The bank is seeking to recoup a total of $51 million it had lent...
Memphis Daily News ProLogis, a Denver industrial REIT, is planning to rebuild the foundation of its 427,500-square-foot warehouse in Memphis, Tenn. The property, at 5700 Challenge Drive in the Memphis Distribution Center, was severely damaged by storms last February. It...
Jacksonville Business Journal Schafer Development is planning to convert a former auto racing track into a 1.5 million-square-foot industrial park in Jacksonville, Fla. The Farmington Hills, Mich., firm bought the 118-acre property, on Pecan Park Road near Interstate 95, last...
South Florida Business Journal Deaktor Development has sold Devonaire at Winston, a 464-unit condominium conversion project in Pembroke Pines, Fla. The Pittsburgh firm sold the property to Equity Residential, a Chicago REIT, for $68 million, or $146,552/unit, in a deal...
The Tennessean Two Nashville, Tenn.,-area apartment complexes were sold in separate deals. Green Leaf Hermitage LLC of San Ramon, Calif., paid $12.5 million for the 261-unit White Oaks Apartments, at 5610 Old Hickory Blvd. in Nashville. CWCapital Asset Management sold...
Lexington Herald-Leader Development remains on track for the 120-acre Richmond Centre retail project in Lexington, Ky., despite financial difficulties encountered by many area retail stores. So far, 11 retailers have committed to leasing space in the property, at Interstate 75...
Tampa Bay Business Journal Construction is expected to begin this week on Wyndsong Apartment Homes, a 264-unit project in Tampa, Fla. Zaremba Group of Cleveland is developing the property, which will have one-, two- and three-bedroom units and will be...
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