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ORLANDO-A new analysis by Marcus & Millichap Real Estate Investment Co. of Florida paints a rosy picture of metro Orlando's 49- million-sf inventory, particularly in single-tenant, net lease sales.
ATLANTA-The CEO/president of the 31-year-old, locally-based apartment REIT says the company hasn't received any buy-out offers or talked to any potential new investors, quelling speculation that Post Properties is on the selling block after a gloomy Q3 performance.
ORLANDO-The 28-year-old, 100-person brokerage booked $228 million in the first nine months of the year versus $204 million in the same 2001 period and $241 million for all of 2001.
ATLANTA-Wyndham International Inc. of Dallas sold the 40-year-old, 284-room hotel and conference center at 920 Broadway for $8.4 million or $29,577 per room. The property has 10,000 sf of meeting space.
ORLANDO-A 44,000-sf Publix Supermarket anchors the newly constructed, 100%-leased Lakewood Ranch Shopping Center which sold for $8 million to the Oak Brook, IL-based retail REIT.
ATLANTA-The Dallas-based developer has hired HLM Design Inc. of Charlotte to do the second, million-dollar stage of the 38-year-old, 32-story, 600,000-sf Downtown landmark and Atlanta's first skyscraper.
ATLANTA-Kevin Hanna, the Miami, FL native who has headed the Atlanta Development Authority since its formation in 1997, will take over similar assignments in Philadelphia. His replacement hasn't been chosen.
ORLANDO-Most deals are being done in the 5.5% to 6% range with big interest savings to buyers, Todd Cohen, vice president/manager, Florida operations, Primary Capital Advisors LC, tells GlobeSt.com.
ORLANDO-New Q3 statistics from ColliersArnold Commercial Real Estate Services show vacancies dipping to 11.65% from 11.85; net absorption increasing to 48,115 sf from a negative 151,598 sf; and average quoted rents rising to $15.49 per sf from $15.12.
ATLANTA-The 52-year-old, $8 billion Dallas-based homebuilding and financial services firm is paying about $3.2 million for the East Fox Court dirt in suburban Alpharetta, GA, across from Roberts Realty Investors Inc.'s Addison Place apartment community.