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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.
ORLANDO-Locally based CNL Retirement Properties Inc. buys 19 seniors' housing properties totaling 3,400 units in seven states from affiliates of New York-based WHSLH Realty LLC for $282,895 per property or $1,581 per unit.
DALLAS-MeriStar gets a check "fairly close" to 80% of the $10-million ask for the Sheraton Brookhollow. The Dallas buyer, looking for a couple years, brings a skilled hospitality team, gets a new Sheraton license and is planning $2 million in upgrades.
HOUSTON-The packaging pro expands its commitment to ProLogis, signing for a second build-to-suit for its distribution network. The 83,200-sf project breaks ground Monday. The deal is sealed on the heels of a 104,095-sf completion in Portland, OR.
ORLANDO-Retail facilities development will continue to outpace all other commercial categories over the next two or three years with stronger growth in the Sun Belt states and fewer large retail chains leading way, John M. Crossman, Trammell Crow Co., tells GlobeSt.com.
NORWALK, CT-Diageo signed on the dotted line on one of the most anticipated deals in some time in Fairfield County. The maker of Smirnoff and other spirit brands signed a lease to occupy a 277,700-sf building under construction here.
TAMPA, FL-About 1.8 million sf was absorbed by year-end 2003, more than the three previous years combined, according to a new market analysis by the local office of Colliers Arnold.
ATLANTA-The 20-year-old, locally based diversified firm with a completed $1-billion development portfolio of 11,000 condominiums and apartment units, hires Grant Kornman, a former joint venture partner, to direct its Florida operations.
KISSIMMEE, FL-DR Horton Homes of Arlington, TX is the main bidder for the 1,124 acres along the Florida Turnpike between Kissimmee and St. Cloud, Osceola County about 15 miles from Walt Disney World's 30,000-acre enclave.
PALM BEACH COUNTY, FL-Gables Montecito will cost about $56 million and contain 450 apartment homes in the county. The units are scheduled to be ready for occupancy in the second quarter of next year.