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Birmingham News Construction is under way on a 657,000-square-foot industrial property in the Birmingham, Ala., suburb of McCalla, Ala. The $33 million project, which is scheduled to be ready by the end of the year, is being developed as a...
Miami Herald Turmoil swirls around Miami's Royal Palm hotel as its lenders have been trying to seize control of the 417-room resort property. The South Beach resort has encountered difficulties in the last three years, the biggest being a failed...
Orlando Business Journal Prime Equities LLC has paid $3.85 million for Port Orange Gateway Center, a 14,094-square-foot retail property in Port Orange, Fla. The fully leased property, on Dunlawton Avenue, was sold by a group calling itself Port Orange Gateway...
Tampa Business Journal Eola Capital has paid $19.25 million for Buschwood I and II, a 249,000-square-foot office park in the Tampa, Fla., suburb of Carrollwood, Fla. The Orlando, Fla., real estate firm bought the two-building property from The Adler Group...
Jacksonville Business Journal ProLogis is planning to develop some 2.5 million sf of industrial space in Jacksonville, Fla. The projects, ProLogis Park Westlake and ProLogis Park 295, are the first for the Denver industrial developer in northeast Florida. ProLogis Park...
Orlando Sentinel The owner of the 340-room Sheraton Downtown Orlando hotel has filed for Chapter 11 bankruptcy protection. CF Hospitality Inc. of Apopka, Fla., says it owes up to $50 million to its creditors. A related bankruptcy filing was made...
Memphis Daily News An affiliate of Double Eagle Holdings Ltd. has bought a 71,617-square-foot office building in Memphis, Tenn. The Charlotte, N.C., firm acquired the property from an affiliate of Malachite Group Ltd. of Mineola, N.Y., for $1.2 million. Germantown...
Orlando Business Journal Construction is slated to begin in September on Lee Vista Commerce Center, an 893,000-square-foot industrial complex in Orlando, Fla. McDonald Development Co. is building the project on the southeast corner of South Goldenrod Road and Lee Vista...
Jacksonville Business Journal Construction is slated to start in June on a 601,000-square-foot industrial property in Jacksonville, Fla. The property, West Point Trade Center on Pickettville Road, is being developed by Hillwood Investment Properties of Dallas at a cost of...
Jacksonville Business Journal Oakmont Real Estate has paid about $10 million for a 75-acre parcel in Jacksonville, Fla. The property, at Fay and New Berlin roads, will be developed into the New Berlin Commerce Park. Construction is expected to begin...
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