Regions Southeast
Prime Retail to Debut $300M Expansion of Orlando Shopping Center
May 14, 2008
The former Prime Outlets Orlando will emerge from its $300 million makeover as the 778,000-square-foot Prime Outlets International Orlando next week. Owner Prime Retail upgraded and expanded the property, which now holds the distinction of being the largest outlet center in the southern region and the biggest in the nation.
Mixed-Use in Property Coral Gables Gets a New Owner
May 14, 2008
Ownership of the 180,000-square-foot Plaza San Remo in Coral Gable has just changed hands, with a German investment group advised by Phoenix Property Co. acquiring the one-year-old retail and medical office condominium property from Venera Holdings.
Transwestern's Atlanta Office Adds Retail Expertise
May 13, 2008
Transwestern’s Atlanta office has announced that Patrick Arnold and Spencer Bomar have joined the firm to bring a retail brokerage component to Transwestern’s Atlanta operation and expand the company’s overall retail coverage into other Southeastern markets.
Carlton to Market $69M of Loan Assets
May 13, 2008
Carlton has been retained to market and sell approximately $69.3 million of performing and nonperforming commercial mortgage loan assets on behalf of an institutional client, it has announced.
Billion-Dollar Sales Team Moves Up at Flamingo South Beach
May 13, 2008
Miami-area real estate hotshots Eddy Martinez and Roland Ortiz, who recently established full-service real estate brokerage firm Worldwide Development Services, have been promoted to sales directors at the Flamingo South Beach condominium property.
Doubletree Makes Tenth Debut in Atlanta
May 13, 2008
After undergoing a multi-million-dollar makeover, the hotel at 4156 Lavista Rd. in Tucker, Ga., that previously carried the Radisson flag has reemerged as the Doubletree Hotel Atlanta NE/Northlake.
Louisiana Beer Distributor Expands Westward
Crescent Crown Distributing sustained $18 million in damage after Hurricane Katrina, but its expansion into Arizona means that today it is poised to be the largest employer in the town of Surprise.
Wells REIT II Buys Atlanta Office Campus in AT&T Sale-Leaseback
May 09, 2008
Wells REIT II has acquired a five-building, 1 million-square-foot office campus in the Buckhead submarket of Atlanta, through a long-term sale-leaseback with AT&T. The campus will headquarter AT&T Wireless' operations in the city. The transaction's terms were not disclosed.
117,000SF of Premier Office Condo Space to Hit Auction Block
May 09, 2008
Office condominium space totaling about 115,000 square feet at The Plaza, a mixed-use project in downtown Orlando featuring 394,000 square feet of office condo space and 105,000 square feet of retail in two, circular towers, will hit the block this Thursday, May 15.
Shops at Boca Grove to Welcome Organic Market
May 09, 2008
Ada's Natural & Organic Foods Supermarket & Deli will soon have a home at the Shops at Boca Grove, now that it has signed a lease with Woolbright Development to occupy 14,000 square feet at the 77,000-square-foot neighborhood shopping center.
Orlando Sanford International Airport to Join Model Ports Initiative
May 08, 2008
Orlando Sanford International Airport is one of 20 gateway airports nationwide selected to join the U.S. Customs and Border Protection’s Model Ports Initiative, a joint venture that includes federal agencies, the travel industry, airlines and airport authorities.
KBR to Acquire BE&K for $550M
May 07, 2008
KBR, a Houston-based global engineering, construction and services company, has announced that it will acquire BE&K Inc., a privately held, Birmingham, Ala.–based engineering, construction and maintenance services company, in a transaction valued at $550 million.
Orlando Hotel Sold
May 07, 2008
The 507-room Holiday Inn SunSpree Resort has just been snapped up by Vista Hospitality Co. according to the Orlando Business Journal.
Jury awards $67 million in Florida Eminent Domain Case
May 06, 2008
In an eminent domain proceeding that began just after Florida tightened its eminent domain laws, a jury has awarded $67 million to Keystone Coal, according to Brigham Moore L.L.P., the law firm representing the firm.
Upscale 259-Room Tampa Sheraton Comes Under New Ownership
May 05, 2008
A joint venture consisting of Square Mile Capital Management L.L.C. and Davidson Hotel Co. has acquired the 259-room Sheraton Suites Tampa Airport/Westshore. Host Realty Partnership L.P. sold the Tampa, Fla.-property just two years after having acquired it as part of a $4 billion, 35-hotel portfolio acquisition from Starwood Hotels and Resorts in April 2005.
Master Planner Picked for Denver-Area Retail Project
May 05, 2008
Plans for the Dacono Gateway Centre between Denver and Boulder, Colo., have come closer to fruition with the selection of a firm to design the project's master plan. Denver-based Norris Design got the nod recently from the developer, Orlando-based Jupiter USA. The project will encompass more than 500,000 square feet of retail, hotel, restaurant and office space on 132 acres, according to Jupiter USA.
Atlanta
Miami
Mixed-Use in Property Coral Gables Gets a New Owner
May 14, 2008
Ownership of the 180,000-square-foot Plaza San Remo in Coral Gable has just changed hands, with a German investment group advised by Phoenix Property Co. acquiring the one-year-old retail and medical office condominium property from Venera Holdings.
Billion-Dollar Sales Team Moves Up at Flamingo South Beach
May 13, 2008
Miami-area real estate hotshots Eddy Martinez and Roland Ortiz, who recently established full-service real estate brokerage firm Worldwide Development Services, have been promoted to sales directors at the Flamingo South Beach condominium property.
Orlando
Prime Retail to Debut $300M Expansion of Orlando Shopping Center
May 14, 2008
The former Prime Outlets Orlando will emerge from its $300 million makeover as the 778,000-square-foot Prime Outlets International Orlando next week. Owner Prime Retail upgraded and expanded the property, which now holds the distinction of being the largest outlet center in the southern region and the biggest in the nation.
Latest Southeast Commercial Mortgage Trends
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