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NEW PORT RICHEY, FL—The Pasco Square Shopping Center has been sold by Phillips Edison and Co. to Isram Acquisition Corp. The 135,421-square-foot shopping center was 90% leased at the time of the sale.
TAMPA, FL—Real estate firm Franklin Street reports that it has hired Tom Kersting, formerly of Aon Risk Services of London, as president of insurance services.
TAMPA, FL— “The greatest investor demand right now is for grocery-anchored neighborhood centers, especially Whole Foods-anchored centers," says Ron Schultz of Colliers International Tampa Bay.
ORLANDO—From South Carolina to Florida, the Southeast is seeing some infrastructure projects that could strengthen commercial real estate prospects in the years ahead.
CHICAGO—The new firm is a branch of Magellan Development Group, which built the 28-acre Lakeshore East project in Chicago, and will buy multifamily communities across the US.
ORLANDO— David Murphy, CBRE senior vice president of Industrial Properties, is eating, tells GlobeSt.com's Jennifer LeClaire three reasons why Orlando industrial users will flock to the Central Florida Intermodal Logistics Center in part two of this <b> EXCLUSIVE </B> interview.
CLEVELAND—In this <B>UPDATED</B> story, the extended-stay hotel brand has launched a national program of expansion, and has given Cleveland a real vote of confidence by opening its third hotel there, and yet another hotel in Columbus.
TAMPA, FL—Paul Rutledge, formerly an executive with Casto Southeast Realty Services LLC, has joined CBRE's Tampa office as a first vice president with its retail brokerage group.
TAMPA, FL—New York City-based privately held real estate investment firm Vesper Holdings has acquired The Pointe at South Florida student housing property here, bolstering its student housing portfolio to 14 apartment complexes and more than 8,000 student beds.