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HOUSTON-Gables Residential Trust says it will realize a $12.5-million gain from the sale of the 641-unit, two-phase community to International Realty of San Antonio. The complex, built in 1993 and 2001, is assessed at close to $39.6 million.
ORLANDO-The University of Central Florida's quarterly analysis shows Orlando generated 6.56 authorized building permits based on 1,000 non-farm jobs for multifamily and single-family dwellings from January through March.
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.