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DALLAS-The Plasencia Group comes out with a national branding, Sun Hospitality, for regional offices with seasoned brokers to sell mid-market and limited-service hotels. Texas gets the first listings and leads the nationwide play.
TAMPA, FL-The 30-year-old, locally based full service commercial real estate firm consolidates regional partnerships in four Florida cities into a single corporate partnership comprised of 10 of the firm's top executives.
HOUSTON-Investors from Stuttgart, Germany, secure $17.9 million to acquire the 252-unit San Melia complex near the Houston Medical Center. The loan, funded by Freddie Mac, has a 75% loan-to-value ratio.
ORLANDO-Declining construction, lower vacancies and higher rents will make the metro area market more attractive to investors over the next 12 months, says Steven M. Ekovich, first vice president and regional manager of the Encino, CA-based firm's Orlando and Tampa offices.
TAMPA, FL-The Miami-based brokers rang up their seventh over-$20-million retail deal in the past 12 months with the $20.3-million sale of the Shoppes of Carrollwood and Colonial Square, both in the affluent Carrollwood section of metro Tampa.
TAMPA, FL-The Freehold, NJ-based REIT shells out $17.7 million, or about $103.64 per sf, to Florida-based Regional Development Group Inc. for a 170,779-sf industrial building net-leased to FedEx Ground Package System Inc. for 15 years.
TAMPA, FL-Sales volume and prices reached new heights in 2003 with over $250 million in properties traded, according to a new market analysis by Marcus & Millichap. Neighborhood and community centers sold for a median price of $90 per sf in 2003, up from $64 per sf in 2002.
TAMPA, FL-St. Paul Properties pays State Teachers Retirement System of Ohio $58.24 per sf for a total 370,886 sf of office/flex space in six buildings in Tampa and neighboring St. Petersburg, FL.
BRADENTON, FL-CreditRE Mortgage Capital sold the two class B+ apartment complexes--Hampton Bay and Harbour Pointe--here for around $59,130 per unit. The properties, completed in 1986 and 1987, attracted strong interest, a broker involved in the transaction says.
TAMPA, FL-The parties won't disclose the purchase price but area brokers familiar with the property tell GlobeSt.com the deal, which included two prime Downtown undeveloped acres, was done for about $90 million, or $170 per sf, a record for a Tampa Bay office asset.