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TAMPA, FL-Marcus & Millichap Real Estate Investment Brokerage Co. wins exclusive listings for the sale of a total 810 units consisting of 550,104 gross sf and offered for a total $39.8 million. Both properties are separate transactions, listed for $25.8 million and nearly $14 million respectively.
PANAMA CITY, FL-The Chattanooga, TN-based shopping center developer is staging a four-day celebration party at the 679,602-sf retail center at 2150 Martin Luther King Jr. Blvd.
JACKSONVILLE, FL-St. Johns Phase 1 LLC, the Delaware-based developer of the 28-story, 250-unit Downtown apartment tower, plans a 37-story, 234-unit condominium community in the second phase of a three-phase multi-million-dollar redevelopment in the St. Johns River area of the central business district here.
DALLAS-JPI gets $150 million from JPMorgan Chase, $135 million from Citigroup and $46 million from RAIT in five-year loans arranged by NorthMarq's Dallas office. The 13 class A student housing complexes, situated near major universities, contain 11,203 beds.
CLERMONT, FL-Land brokers and independent urban planners in a position to know tell GlobeSt.com LandMar Group LLC of Jacksonville has surfaced as the managing partner of Tampa developer John Reaves' investment consortium that plans a $1.2-billion mixed-use undertaking.
ST. PETERSBURG, FL-Hudson Capital LLC pays the California State Teachers Retirement System (CalSTERS) an estimated $37 million, or about $96,354 per unit, for the 384-unit, 24-building Waterford Apartment Homes at 10263 Gandy Blvd.
ORLANDO-Along Tamiami Trail, between Sarasota and Punta Gorda, single-story, steel-clad industrial structures suffered the most severe damage with lost roofs, crumpled walls and sheared siding, area brokers assessing the storm's damage tell GlobeSt.com.
ALTAMONTE SPRINGS, FL-Unlike most conventional lenders, the 18-month-old, locally based licensed mortgage lender finances 90% of a borrower's total real estate project cost, not a percentage of the appraised value or purchase price, Chris Hurn, the lender's president and CEO, tells GlobeSt.com.
ORLANDO-Miles Properties of Atlanta pays the Denver-based investor $37,500 per unit for the 31-year-old, 93%-leased, 168-unit apartment community at 4830 S. Conway Rd. The property was on the market for three months.
ATLANTA-Andy Lechter, branch manager of Studley's local office, negotiates a 10-year, $7-million lease for the law firm which will occupy the entire 30th floor of the 1.1-million-sf Midtown structure owned by Sumitomo Life Realty (NY) Inc.