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TAMPA, FL-Zapolski + Rudd LLC pays New York-based Clarion Partners about $111,111 per unit for the seven-year-old, 52-building, 315-unit Hamptons at Tampa Bay garden apartment community in a deal that took five months to complete.
ORLANDO-Small by power center standards, the 23.8-acre tract will house Orlando Square, a planned 191,978-sf shopping center scheduled to open in fall 2004, five minutes from the 1.6-million-sf Florida Mall, the largest shopping center in Central and North Florida.
ORLANDO-The three-year-old New York-based airline plans to break ground in the next 12 months on an 80,000-sf flight-training center and a 70,000-sf hangar near the recently completed Heintzelman Boulevard on the east side of Orlando International Airport.
ORLANDO-The three-year-old New York-based airline plans to break ground in the next 12 months on an 80,000-sf flight-training center and a 70,000-sf hangar near the recently completed Heintzelman Boulevard on the east side of Orlando International Airport.
TAMPA, FL-The Columbus, OH-based REIT signs a $153 million contract with American Freeholds to acquire the 1.06-million-sf WestShore Plaza, one of the largest shopping centers in Central Florida.
DALLAS-Multifamily developer wants to renovate a 49-year-old office building into 227 apartment units. The company is asking the finance authority for $3 million in TIF funds to help build the project.
PHOENIX-Drug store giant Eckerd Drugs will go head-to-head with other drug chains when it makes a major push into the Phoenix market, with the opening of nine new Valley stores by the end of the year. The company plans 160 openings within the next five years.
CORAL GABLES, FL-The real estate company, based here, had an increase in revenue for the quarter and the half, compared with the same periods in 2002. The net income of $1.745 million for the first half of this year was an improvement, compared with the $985,000 net loss for the same time last year.
ATLANTA-Wells Real Estate Investment Trust Inc. declines to give the price or identify the seller. But brokers in a position to know tell GlobeSt.com the estimated contract price for the three-year-old, 19-story, 436,000-sf building is $82.84 million, based on Wells' recent acquisitions which have been averaging about $185 per sf.