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SARASOTA, FL-Sarasota Residences LLC pays Orix Admirals Walk Sarasota LLC $33.9 million for the newly built 249-unit Admirals Walk property--the highest price per unit ever recorded for a Sarasota apartment sale.
LONG BEACH, CA-HEI Hospitality acquires the 393-room hotel and executive meeting center from an AEW partnership, tapping HEI's $275 million HEI Hospitality Fund.
STAFFORD, TX-After sitting on the land for roughly 12 months, the partnership starts work on a trio of class A buildings estimated to cost $11 million to $14 million to develop. The Stafford Park Business Center space will deliver in August.
STAFFORD, TX-After sitting on the land for roughly 12 months, the partnership starts work on a trio of class A buildings estimated to cost $11 million to $14 million to develop. The Stafford Park Business Center space will deliver in August.
DENVER–General manager John Schafer wants to distinguish his hotel at 17th and Welton streets, now a Hyatt Regency, as something other than "the old Hyatt" when the 1,100-room Hyatt opens later this year across from the Colorado Convention Center.
BELLAIRE, FL-Insisting on secrecy without any public discussion, Pennsylvania real estate investor Scott Urdang, majority owner of the 107-year-old, 244-room, 22-acre property on Florida's west coast, tentatively scotches the proposed sale of the historic property to Belleare Redevelopment Group, brokers intimate with the deal tell GlobeSt.com.
BELLAIRE, FL-Insisting on secrecy without any public discussion, Pennsylvania real estate investor Scott Urdang, majority owner of the 107-year-old, 244-room, 22-acre property on Florida's west coast, tentatively scotches the proposed sale of the historic property to Belleare Redevelopment Group, brokers intimate with the deal tell GlobeSt.com.
TAMPA, FL-The 41-million-sf office segment vacancy is down to 17% from 19% in 2002 while the 105-million-sf industrial market vacancy is at 8.4%, down from about 9% two years ago. The recovering economy and a residential development boom are fueling the two markets, according to a Grubb & Ellis Commercial Florida analysis.
ST. PETERSBURG, FL-An interest rate hike, an improved stock market and increased demand for capital could dent the current retail development surge in coming years but Trammell Crow Co. senior vice president John M. Crossman doesn't think that will happen, he tells an International Conference of Shopping Centers seminar.
HOUSTON-The REIT and the Tampa, FL-based operator come together to acquire and manage six seniors' housing communities in the metro area. The 92%-occupied portfolio contains 2,130 independent-living units.