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HOUSTON-Trimark Realty Investments outbids six others for the Westfield Apartments after the asset returned to the market because a non-profit failed to make the close in January. With the deal now done, a $1.3-million rehab is waiting to start.
ORLANDO-The U.S. arm of Euro-American Advisors, the Don M. Casto Org., GDC Properties Inc., Tavistock Group and music entrepreneur Louis J. Pearlman are all trying to cut separate incentive deals with the city to revive the seven-acre, mixed-use Church Street attractions here.
ORLANDO-The 32-year-old Tampa International Airport is selling $260 million in revenue bonds, while eighty miles away the Orlando-Orange County Expressway Authority, the largest road-building agency in Central Florida, has made a $285 million bond offering.
TAMPA, FL-Colonial Properties Trust of Birmingham, AL sold the four-year-old, 176-unit community near the Citrus Park Mall to Goldberg Cos. Inc. of Beachwood, OH for $78,409 an average of per unit. The complex is 82.4% leased.
MIAMI-Locally based FIRC Group sold the 112,141-sf center there for approximately $11.65 million, or about $103.89 per sf. The shopping center, anchored by Winn-Dixie, is 96% occupied and was renovated in 1997.
GROVELAND, FL-Lennar Corp. has been in talks to develop 100,000 sf of commercial and a golf course to complement up to 2,000 single-family and multifamily homes that would be available only to occupants 55 years of age and older.
ORLANDO-David S. Gray will manage the brokerage's three-city Valuation Services Division in Orlando, Tampa and Fort Lauderdale. He will continue to be part of the company's Hospitality Industry Group.
TAMPA, FL-The vacancy rate amongst the 148-million-sf inventory is down to 8.4% from 8.9% in 3Q 2002. Net absorption remains in the negative column and rent rates are expected to be flat until mid-year, according to a new market analysis by Grubb & Ellis Co.
ORLANDO-Brad Chrischilles moves up from senior associate in Trammell Crow Co.'s Jacksonville, FL office. In Orlando, associates Amy Young, Gregg Ickes and Paul Reynolds also are bumped up to senior associate status, as well as Tim Kilkelly in the Tampa office.