Southeast

Charlotte ObserverTwo mixed-use towers are being planned for Charlotte, N.C. Spectrum Properties is teaming up with Cornerstone Real Estate Advisors to develop 32-story and 14-story buildings at Tyron and Third streets. The project will include condos, offices, retail shops and...

Orlando Business JournalDuke Realty Corp. has begun developing the Crossroads VIII industrial/distribution facility in Orlando, Fla. The project, which consists of 187,513 square feet, is in the Crossroads Business Park along the Beachline Expressway. The building is scheduled for completion...

Tampa Bay Business JournalThe Cypress Point Shopping Center in suburban Tampa Bay is being sold to a joint venture between Ramco-Gershenson Properties Trust and ING Clarion Partners. The venture is buying the 167,000-square-foot retail center in Clearwater, Fla., for an undisclosed...

South Florida Business JournalTranswestern Investment Corp. of Chicago has purchased Douglas Entrance, a portfolio of five office buildings in the Miami suburb of Coral Gables, Fla. A purchase price was not disclosed, however it was purchased in 2001 for $61.2...

The Birmingham NewsHealthSouth Corp. has sold 139 surgery centers to Texas Pacific Group of Forth Worth, Texas, for $920 million. HealthSouth, which announced last year plans to sell the surgery centers, has the option to purchase up to $30 million...

South Florida Sun-SentinelA Westin Hotel in suburban Fort Lauderdale, Fla., has been sold to Procaccianti Group of Cranston, R.I. The 293-room hotel in Cypress Creek, Fla., was sold by Starwood Hotels & Resorts for an undisclosed amount, although a Procaccianti...

The Birmingham NewsAn upscale senior-living community is coming to Birmingham, Ala. Health Care Group of San Diego is building the Mount Royal Gardens at Liberty Park, which will include 79 condominium units on seven acres. The property, at the northwest...

Florida Times-UnionPSS World Medical Inc., a Jacksonville, Fla., firm that distributes medical supplies and equipment to office-based physicians, will invest $3 million in a new warehouse distribution center in Jacksonville. The 168,500-square-foot building at Westside Industrial Park will be used...

Atlanta Journal ConstitutionThe Ellis, an historic hotel in Atlanta, has been restored and is preparing for a grand re-opening in September. The 15-story property at Ellis and Pine streets, will have 127 rooms on 13 floors, with a lobby and...

The Tampa TribuneThe Leder Group of Boca Raton, Fla., has paid $11.9 million for President's Plaza, a 41,513-square foot property with two buildings west of International Plaza, and Corporex Plaza, a three-building complex with 94,197-sf at Interstate 4. CB Richard...