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ORLANDO-Johnson Ezell Corp. of Clearwater, FL sold the 1,231 Florida independent living retirement units in Leesburg, Port Charlotte and Clearwater for $91,795 per unit. Now the joint venture is scouting for more health-oriented acquisitions.
AUSTIN-The financing will help to build a combined 195 units for low-income elderly residents. The complexes are Garden Terrace in the south submarket and Oak Spring Villas and Rosewood I, both in the eastern corridor.
DALLAS-Within six weeks, Tom Joyner and his crew turn on lights in 17,701 sf in a class A office tower to triple the operation's size for an expansion spin by REACH Media, the latest buzz of Dallas' entertainment circuit.
FOSTER CITY, CA-CalPERS and Legacy Partners Residential Inc. will invest $63 million into the construction of new multifamily communities throughout California.
MIDDLETOWN, NJ-Sitework is underway on the 23-acre waterfront project, which will be followed by a commercial mixed-use complex on an adjacent nine-acre tract.
ORLANDO-Masters Development Inc. paid Dallas-based GE Capital $61,224 per sf for the 98,000-sf, 92%-leased Poinciana Place Shopping Center at the commercially hot intersection of State Road 535 and U.S. 192 in Kissimmee, FL.
LOS ANGELES-Britain's DMG World Media goes from tenant to part owner of the California Market Center, buying "a significant share" from the Hertz Group, which paid $90 million two years ago for the building trio in Downtown LA.
DENVER-Real estate veteran, Richard Morean, leaves Kennedy Associates Real Estate Council to focus on the structure and implementation of Furniture Row's national retail property delivery program.