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ORLANDO-Locally based Unicorp acquires the 82,026-sf Goodings Plaza for $22 million from BP-RP Universal LLP, an affiliate of Los Angeles-based RP Properties. The deal carried a 6.5% cap rate.
ATLANTA-Greystar and GE Capital purchase the Tiburon at Buckhead apartment community for $30.7 million. Under land use restriction, the property cannot be converted to condominiums.
ATLANTA-Greystar and GE Capital purchase the Tiburon at Buckhead apartment community for $30.7 million. Under land use restriction, the property cannot be converted to condominiums.
NORTH MIAMI BEACH-The locally based shopping center REIT reports $14.1 million in net income for the third quarter, which compares to $28 million for third quarter 2005.
ORLANDO-One Trustreet Properties Inc. analyst from Cantor Fitzgerald gives high marks to the company's agreement to be acquired by GE Capital Solutions, called it positive for the company and its shareholders.
WEST PALM BEACH-Atherton-Newport LLC acquires its third multifamily property in South Florida, the 192-unit Country Lake Apartments, for $16.5 million.
NASHVILLE-With the industrial market thriving and the office market experiencing positive absorption, investors are expected to continue to show interest in Nashville despite predictions of an economic slowdown in 2007.
ATLANTA-With apartment rents up over third quarter, locally based Post Properties reported net income of $33.9 million with a 5.3% increase in "same store" net operating income, or $2 million.
ATLANTA-New York-based real estate investment banking firm DTZ Rockwood adds Hayes Swann and Matt Tritschler to its Atlanta office which opened earlier this year.