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DALLAS-Cobalt Capital Partners' institutionally funded, private REIT gets an 82%-leased package of 10 light-industrial buildings from Cohen Asset Management. If market sources are right, the portfolio is handed off for roughly $35 per sf.
ORLANDO-A variety of projects are getting funding from an equal number of sources. From $180 million for GREC Conversions' acquisitions in Orlando, Tampa and West Palm Beach to $57.6 million to Sun Vista Development's planned acquisition, the multifamily funds are flowing.
ORLANDO-A variety of projects are getting funding from an equal number of sources. From $180 million for GREC Conversions' acquisitions in Orlando, Tampa and West Palm Beach to $57.6 million to Sun Vista Development's planned acquisition, the multifamily funds are flowing.
HOUSTON-Weingarten Realty Investors ends last year on a disposition and acquisition spree that involves 10 retail and five industrial properties in the US. The buying spree costs $92.9 million while the selling spree reels in $37.9 million.
TAMPA, FL-G&A Development pays BWP Inc. $16 million or for the 224-unit Bloomingdale Woods Apartments in suburban Valrico. Westgate RE LLC acquires the 32-unit Westgate Apartments from CF Investments Inc. for $2.14 million.
TAMPA, FL-Scott Peek, former executive vice president of Tampa-based DeBartolo Property Group, corrals top national players to run with him at Pinnacle Realty Advisors in suburban Ybor City.
DAYTONA BEACH, FL-DeBartolo Development Corp. buys the tract from Homes of Merit Inc. for $4.64 million. The land is near the 1,150 acres acquired in 2004 by Morgan Stanley and Gale & Kitson for $18 million.
PALM HARBOR, FL-John M. Crossman, senior vice president of retail and a principal in Trammell Crow Co.'s Orlando office, tells members attending the International Council of Shopping Centers' annual West Coast Idea Exchange investors see the west coast of Florida as an under-retailed growth area.
PALM HARBOR, FL-Investors see the west coast of Florida as an under-retailed growth area. That's what Trammell Crow's John M. Crossman told members attending the International Council of Shopping Centers' annual West Florida Idea Exchange.