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TAMPA, FL-Miles Properties of Atlanta buys the 324-unit, 92%-occupied, 35-year-old Society Park Apartments at 6919 Bonair Drive for $26,235 per unit. The Tampa and Phoenix offices of CB Richard Ellis Inc. negotiated for the seller.
TAMPA, FL-Bayshore Property Corp. paid an average of $82.31 per sf for a combined 193,174 sf of suburban office product in the Westshore submarket of Tampa, FL.
TAMPA-MLG Capital LLC of Brookfield, WI pays Palm Lakes LLC of Lexington, KY $93.97 per sf for the 13-year-old, 98.5%-occupied, 87,000-sf Shoppes of Amberly after the property was on the market for only two months.
PHILADELPHIA-In a study of America's top 10 multifamily investment markets by Irvine, CA-based Sperry Van Ness, Philadelphia, with an average yield of 11.09% and $39,384 price-per-unit, stands in the top three buyer's markets, flanked by Cleveland and Cincinnati, OH.
GRAPEVINE, TX-Euro American Advisors, a land speculator in Dallas-Fort Worth, has starting wooing the hospitality industry now that it's closed on the land, capping six months of negotiations with a Texas family partnership.
ORLANDO-Sara Morency is the new president of the Central Florida chapter of the Building Owners and Managers Association. Rebecca Canal is BOMA Orlando's treasurer, while Rachel Sardenga is an alternate board member for 2003.
DENVER-The owner of the Super Bowl champions, the Tampa Bay Buccaneers made a big play in the Denver area, paying what is believed to be the most ever paid for a retail center in the metro area.
ORLANDO-After being rejected three years ago for a 250,000-sf structure because the retail box was too large for the community, the Bentonville, AR-based retailer plans to break ground by year end in Clermont, FL on an estimated $21 million building.
CHICAGO-Financial Funding Resources and its founder, Les Goldberg, join Cohen Financial in a deal that is expected to widen the latter company's reach in the Southeast U.S. market.
MIAMI-Jeff Ross, previously with CB Richard Ellis Inc., joined Trammell Crow, Mark Bailey relocated from the company's Tampa office, and Regina Perez and Penny Sparks were promoted.