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SARASOTA, FL-Columbus, GA-based DVA Sports LLC plans to break ground in first quarter 2004 on a 30-acre, 7,400-seat multi-purpose entertainment facility at the 5,500-acre Lakewood Ranch community here.
POMPANO BEACH, FL-Manor House Apartments and Pine Drive, two apartment projects here totaling 37 units, are following the trend toward converting apartments to for-sale housing. The projects are expected to be completed within two years.
ORLANDO-Brother developers Blaine and Tom Strickland head an investment group that is finding strong demand for small office, retail and restaurant space at class A-grade rents on South Alafaya Trail in east Orange County, 10 miles from Downtown.
LONDON-British Land has bought out Great Universal Stores' share in a property joint venture for pounds 160 million ($260 million). The deal Gives BL full control of a $450 million property portfolio.
LAUDERHILL, FL-The Herrick Group LLC paid Ceebraid-Signal Corp. about $50,682 per unit for the fractured condominium property here. The project consists of 513 garden-style and high-rise units located in the Inverrary Gardens community outside Fort Lauderdale.
WOODRIDGE, IL-The insurance company leases the entire 97,000-sf office building at 9022 Heritage Pkwy., developed by Schaumburg-based REM Builders as a build-to-suit. It was put on the market at $17.1 million.
SCOTTSDALE, AZ-A nightclub popular with the college crowd has found just the right spot a few miles north for a second location to build in appeal for the professional set. The Devil's Martini took 7,971 sf at Shea Scottsdale Shopping Center.
ST. PAUL-The $16.2-billion merger will create the second largest commercial insurer in the US, which will be based here. The transaction, which requires the approval by the shareholders of both companies and regulators, is expected to close in the second quarter of 2004.