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MERRITT ISLAND, FL-After seven months of negotiations, largely due to an environmental issue, Equity Investment Group Merritt Island LP has sold the 17-tenant, 100%-leased Shoppes of Victoria Square to Victoria Square Partner LLC for $5.98 million, or about $54.04 per sf.
TAMPA, FL-Despite rising vacancies and lowered rents, buyers are chasing fewer properties this year in the Tampa Bay multifamily market, with some of the same properties being sold two and three times in a short period for a quick profit, according to a new industry analysis by Marcus & Millichap.
TAMPA, FL-Hidden River Grande Apartments LLC, owner of the 29-building, 232-unit Hidden River Grande Apartments, will use some of the money to renovate the 20-year-old community in the Temple Terrace area of the city.
ORLANDO-Bryan Burns, a former market research analyst with Grubb & Ellis Co.'s local office and research associate for the past year in C&W's local office, moves to the firm's Valuation Services Advisory Group.
IRVINE, CA-The Inland Empire county ranks third in a listing of the top 10 buyers markets for office space in the nation, according to a new study by Irvine-based Sperry Van Ness.
ORLANDO-Brad Chrischilles, a vice president in Crow's Jacksonville, FL office, was top dog in three categories--best project leasing broker, Florida power broker for tenant representation and winner of the managing director's award for customer service.
ORLANDO-The Coral Springs-based developer expects to break ground in September on a 1,341-acre tract within the 38,000-acre Horizons West development, minutes from Walt Disney World's 30,000-acre empire in southwest Orange County.
TAMPA, FL-One of the biggest question marks in local industrial real estate circles is what Tampa Bay Buccaneer owner Malcolm Glazer plans to do with the defunct, 26-year-old, 895,000-sf Tampa Bay Center mall he bought from the Rouse Co. in January for $22.9 million, or $25.59 per sf.
FORT WORTH-Internacional Realty replaces a construction loan assumed last year for the 216-unit Summer Brook Apartments with a five-year loan at 3.68% interest. Hoping to buy 1,500 units in the region, the class A buyer is filling its pipeline with similar deals.