KeyBank Real Estate Capital has provided $190.8 million of financing for Gulf Coast Town Center, a 1.2 million square-foot, mixed-use property in Fort Myers, Fla. A venture between the Richard E. Jacobs Group and CBL & Associates Properties received the ...
Boykin Lodging Co. has sold the Best Western Island Gateway Hotel, a 158-room hotel in Fort Myers, Fla., for $11.2 million.The Cleveland hotel REIT sold the property to LQ Acquisition Properties of Dallas. LQ Acquisition Properties is an affiliate of ...
Colonial Properties Trust has formed a venture with The Cornfeld Group, contributing four retail centers totaling 750,000 square-feet in south Florida to the start-up portfolio.The Birmingham, Ala., REIT sold the four properties to the venture for $127.3 million, including the ...
Corus Bank has provided a $69 million loan for the acquisition and condominium conversion of the Monterrey Apartments in Fort Myers, Fla.Financial terms were not disclosed.Monterrey Apartments consists of 408 units in 17 detached three-story buildings at 15250 Sonoma Drive. ...
May 11, 2005 Sizeler Property Investors, Inc. (NYSE:SIZ) has closed on the sale of Bryn Mawr Apartments in Naples, Fla., to an undisclosed buyer for $25.7 million. The sale price represented a trailing capitalization rate of about 4.5 percent.
McKibbon Hotel Management will Manage the Property
March 4, 2005 Equity Inns Inc. has bought the 126-room Hilton Garden Inn in Ft. Myers, Fla., for about $14.5 million. McKibbon Hotel Management Inc. will manage the hotel under an incentive-based contract. The property is in the center of ...
June 15, 2004 Arlington Hospitality Inc. (Nasdaq:HOST) has sold two AmeriHost Inn hotels in Iowa and Georgia and a Howard Johnson Express in Florida. Terms of the sales were not disclosed.The company sold a 63-room AmeriHost in Le Mars, Iowa, ...
June 3, 2004 Tampa Bay Business JournalNaples Realty and SCI Real Estate Investments of Los Angeles have formed a joint venture to buy three apartment complexes in Fort Myers for $75.22 million. Each company will own a 50 percent stake ...
March 18, 2004 Abrams Industries Inc. (Nasdaq:ABRI) has sold the Merchants Crossing Shopping Center in North Fort Myers, Fla., for $21.8 million.The Atlanta-based energy management, construction and real estate company developed the 293,800-square-foot shopping center at 15201 N. Cleveland Ave. ...
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