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TAMPA, FL-The local and Miami offices of Thomas D. Wood and Co. arrange a $4-million, 6% fixed-rate loan for Viera Self Storage of Rockledge; a $2.2-million mortgage at the same interest rate for Aurora Road Mini Storage in Melbourne; and a $2-million loan with a 5% interest rate for the first five years of a 20-year mortgage.
NEW YORK CITY-Starwood plans to unveil a name for Project XYZ before this fall. The new hotel brand is expected to be out of the ground within three years.
WESLEY CHAPEL, FL-The Little Rock, AR-based retailer, J.C. Penney and a third national retailer are the expected anchors at the Shops at Wiregrass, a planned 750,000-sf, 60-merchant, shopping and entertainment center opening in the fall.
WESLEY CHAPEL, FL-The Little Rock, AR-based retailer, J.C. Penney and a third national retailer are the expected anchors at the Shops at Wiregrass, a planned 750,000-sf, 60-merchant, shopping and entertainment center opening in the fall.
PHILADELPHIA-In a series of appointments, Malvern-based Liberty Property Trust promotes Michael Hagan to chief investment officer and Shelby Christensen to SVP. Meanwhile, CB Richard Ellis hires Valerie Bowman, formerly with Binswanger, to spearhead tri-state business development.
MELBOURNE, FL-Weingarten Realty Investors pays KPT Communities LLC, an affiliate of Kimco Realty Corp., $12.65 million for the 18-year-old, 118,828-sf, 95%-leased Lake Washington Crossing.
MIAMI-Private investors from Venezuela and Greece pay just under $10.2 million for the 30,000-sf strip center at SW 107th Avenue. Brokers attribute the high price to the flow of capital from Latin America and a weak dollar.
TAMPA, FL-Naples Realty Group pays $94,872 per unit for the 390-unit, 96%-leased property in suburban Brandon. Sellers Gannon International of St. Louis and MMA of Naples are the original owners.
TAMPA, FL-Naples Realty Group pays $94,872 per unit for the 390-unit, 96%-leased property in suburban Brandon. Sellers Gannon International of St. Louis and MMA of Naples are the original owners.
DAVIE, FL-The Miami-based condo converter's appetite for South Florida multifamily properties now includes a 118-unit gated rental community at 3210 Sabal Palm Manor. Obtaining the asset required patience and the cost of defeasance of a loan.