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ORLANDO-The Florida Association of Realtors reports that statewide condominium sales in April dropped 37% when compared with a year ago. FAR, which has been tracking single-family home sales since 1994, began tracking condominium sales in January.
DALLAS-Cobalt Capital Partners, with USAA Real Estate Co. as lead sponsor, picks up six other institutional investors to launch a REIT with the power to buy $700 million of industrial assets. The play starts with six million sf in eight markets.
DALLAS-Cobalt Capital Partners, with USAA Real Estate Co. as lead sponsor, picks up six other institutional investors to launch a REIT with the power to buy $700 million of industrial assets. The play starts with six million sf in eight markets.
LAS VEGAS-Citing development costs and related issues, retailers and developers call for flexibility, reasonableness and consistency on policy from communities. "Smart growth isn't easy to define," says Sue Murphy, president of P&M Consulting Group of Tampa. "People are using it to encompass a myriad of issues, and there are a lot of different definitions. The definition, in its most simplistic form, is the efficient use of infrastructure." She was setting the table for what was to be a lively discussion on the topic of "smart growth" as it applies to retail development Tuesday at the ICSC convention here.
COLUMBUS, OH-The retail REIT is disposing of five malls located in Texas, Alabama, Florida and North Carolina. Company execs expect to generate $250 million to $270 million from the sales.
COLUMBUS, OH-The retail REIT is disposing of five malls located in Texas, Alabama, Florida and North Carolina. Company execs expect to generate $250 million to $270 million from the sales.
TAMPA, FL-Highwoods Properties is adding to its metro area portfolio with the development of a $41-million, multi-tenant office building in the Westshore submarket. The 5.4-million-sf submarket boasts a 94.9% occupancy rate.
TAMPA-Developer David Wasserman is waiting for approvals to add a residential component--with 250 units and 30,000 sf of retail--and to make improvements to the 300,000-sf retail property.
BOCA RATON, FL-The Boston-based firm opens a regional office here after completing two transactions, totaling $50 million, in the Southeast over the past six months. High Street has an additional $105 million under contract in the region.