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ORLANDO-In the last 14 months, Jim Michalak, senior director in the brokerage's Tampa office, has closed 13 shopping center deals totaling 1.66 million sf valued at $128.4 million and averaging $9.88 million per deal. Cap rates are down and power centers are back in demand, Michalak says.
ORLANDO-In the last 14 months, Jim Michalak, senior director in the brokerage's Tampa office, has closed 13 shopping center deals totaling 1.66 million sf valued at $128.4 million and averaging $9.88 million per deal. Cap rates are down and power centers are back in demand, Michalak says.
NEW YORK CITY-Fleet Bank will open two branch banks and two ATM locations by the end of the year as part of its ongoing expansion/renovation program. The bank is spending $22 million over the next two years to nail down its New York presence.
ORLANDO-In one of Central Florida's biggest commercial real estate deals in the last 20 years, the Birmingham, AL-based developer acquired 996,000 rentable sf of 95%-leased, class A product in eight buildings at the trophy 370-acre Heathrow International Business Center and 102 acres of adjoining developable land in an all-cash transaction.
ORLANDO-In the last 14 months, Jim Michalak, senior director in the brokerage's Tampa office, has closed 13 shopping center deals totaling 1.66 million sf valued at $128.4 million and averaging $9.88 million per deal. Cap rates are down and power centers are back in demand, Michalak says.
ORLANDO-In the last 14 months, Jim Michalak, senior director in the brokerage's Tampa division, has closed 13 shopping center deals totaling 1.66 million sf valued at $128.4 million and averaging $9.88 million per deal. Cap rates are down and power centers are back in demand, Michalak says.
NAPA, CA-TIG Specialty Insurance Solutions has signed a long-term lease with Bedford Property Investors for 21,000 sf at Carneros Commons, a 77,175-sf development located within Napa Valley Corporate Park.
SAN RAMON, CA-The Bishop Ranch Business Park signed a 10-year lease with ADP Claims Solutions Group for space in Bishop Ranch 1, the park's latest development.
PHOENIX-In a rare opportunity, a user acquires an 84,458-sf office building in the prestigious but hard-hit Camelback Corridor. Crescent gets the check and a non-core asset stripped from the portfolio.
MIAMI-Transamerica Life Insurance Co. of New York is providing the 20-year, fixed-rate loan at 7%. Transamerica is a wholly owned subsidiary of AEGON NV, based in The Hague, The Netherlands.