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SAN FRANCISCO-The managing director of global forecasting and research for Global Real Analytics tells GlobeSt.com that with the for-sale housing market cooling and apartment fundamentals improving, fewer condo converters will be paying premiums for apartment complexes.
MIAMI-Sunshine Lakes LLC acquires the 208-unit Sunshine Lakes Apartments for $10.45 million. The 123-unit Green Tee Apartments in Fort Myers and the 93-unit Applegate Apartments in Sarasota also find new owners.
TAMPA, FL-Office condominiums represent 32% of the total 1.12 million sf of new product which will be surfacing with higher rents later this year and in 2007.
ATLANTA-The General Services Administration for the Department of Homeland Security will lease the 91,000-sf built-to-suit structure on a long-term contract.
FORT MYERS, FL-Locally-based Yacht Clubs of the Americas LLC secures $200 million in financing to acquire three marinas. It plans to redevelop and sell them as dockominiums.
FORT MYERS, FL-Locally-based Yacht Clubs of the Americas LLC secures $200 million in financing to acquire three marinas. It plans to redevelop and sell them as dockominiums.
LAS VEGAS-Chris Van der Baars is charged with spearheading the company's condo-hotel efforts, starting with the 1,100-unit Pinnacle Condominium Resort project here that it is managing for the Falcon Group.