Southeast

Tampa TribuneA venture led by the University of Tampa has bought a 57,760-square-foot property in that city. The property at 811 W. Kennedy Blvd. was home to the Valencia Village restaurant, which recently closed, along with two other buildings. The...

Thomas D. Bell Jr. is retiring as chief executive of Cousins Properties, effective July 1. The 53-year-old, who will be succeeded by the Atlanta REIT's chief operating officer, Larry L. Gellerstedt III, served as the company's CEO since 2002 and...

Jacksonville Business JournalCovenant Capital Group has paid $13 million for the 200-unit Southern Pines apartment complex in Jacksonville, Fla. BH Management Services Inc. sold the property, at 10010 Belle Rive Blvd. E, in a deal brokered by Walchle Lear Multifamily...

South Florida Business JournalWells Fargo Bank has filed a foreclosure suit against the owner of the 104-unit Fairview Apartments in Pompano Beach, Fla. The $3.8 million loan on the property, at 874 S.W 10th Drive, was securitized via LB-UBS Commercial...

Birmingham NewsHarbert Realty Services remains committed to developing a Marriott Renaissance Hotel property in Birmingham, Ala., more than a year after first announcing the project. The 261-room hotel is being planned for the old Regions Financial Corp. headquarters at Fifth...

South Florida Business JournalFifth Third Bank has filed a foreclosure suit against the owners of the Yamato Crossings shopping center in Boca Raton, Fla. The Cincinnati bank filed its claim in Palm Beach County Circuit Court against Yamato Crossings Associates...

St. Petersburg TimesThe 80-year-old Floridian Hotel in Tampa, Fla., once on the verge of demolition, has been redeveloped and is ready to reopen. Tony Markopoulos bought the property, at 905 North Florida Ave., in 2005. The hotel, once the city's...

Atlanta Business ChronicleA joint venture of Orinda Corp. and Octagon Capital Partners has bought the 350,000-square-foot former NationsBank/Bank of America Operations Center in downtown Atlanta. Orinda, of Atlanta, and Octagon, of Charlottesville, Va., plans to convert the 2.1-acre property at...

Atlanta Journal-ConstitutionAtlanta's Equitable Building was sold at an auction yesterday for $29.5 million, or roughly 56 percent of what the lender was owed. The landmark 33-story building, at 100 Peachtree St. in the city's Fairlie-Poplar neighborhood, was purchased by a...

Charlotte Business JournalHigh Rock Properites, the developer that is planning a raceway project on 200 acres in Rowan County, N.C., has also proposed a mixed-use project along the Yadkin River. That project will have 300,000 sf of retail space on...