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SEATTLE, WA-Last month Fortune Investments paid slightly over $2.26 million for the land on which it plans to construct an 80-unit apartment complex. The sales price reflects a four-fold jump from the seller's purchase price of $556,000 just two years ago.
ORLANDO-Sarasota-based Floriday Development Co. paid Nerbonne NV, an offshore trust, $4.12 million or $205,224 per acre for a 20.1-acre parcel on south International Drive where it plans to develop a 300-unit condominium hotel.
ARLINGTON, TX-Ft. Worth-based JaGee Properties has just finished a redevelopment in Arlington and is counting the days to a groundbreaking for the 16-acre, 28,000-sf Shops on Cooper. The latest undertaking is a high-end center in the heart of the city's primary shopping district.
ORLANDO-Large-scale distributors are turning to third-party logisticians to achieve maximum efficiency, Realvest Partners Inc. founder/chairman George D. Livingston tells GlobeSt.com.
LEAGUE CITY, TX-Marcus & Millichap has negotiated the sale of a 925-unit storage facility to an out-of-state buyer. The Houston region is attracting more and more buyers from out of state, thanks to a robust economy.
CHICAGO-Vacancy rates hover around 12.6%. But buyers of suburban office buildings here may be busy in 2001 even while tenants will be more cautious this year, says real estate firm Cushman & Wakefield.
COSTA MESA, CA-Eleven-year construction industry veteran served as scheduling/project manager for Disney's California Adventure theme park before accepting new post with Andrew L. Youngquist Construction, Inc.<p>
BELLEVUE, WA-A $45 million sales price for The Seasons, a 227-unit downtown complex, would set a new record at $200,000 per unit. Simpson has already turned down offers and plans to hold out for the big bucks.
DETROIT-Chicago-based Equis Corp. adds Barbara A. Eaton, formerly of Colliers International, to its office here as vice president of brokerage. She will direct the brokerage activities, hire and train additional staff.
COLUMBIA, SC-A subsidiary of SYSCO Corporation has purchased land near Columbia, SC, about 50 miles south of Charlotte, for the construction of a 266,000-sf foodservice distribution center, according to a published newspaper report.