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NASHVILLE, TN-Commercial Nashville Real Estate Services LLC will cover Middle and East Tennessee with a staff of 15 professionals. The firm was formed by five brokers from Nashville's Mission Property Co. and three pros from locally based Fidelity Real Estate Group.
TAMPA, FL-Pinellas Plaza LLC, a private Tampa, FL-based investment group, paid the Clinton, MS-based telecommunications company $6.3 million for a 124,983-sf, class A office building built in 1990 at an estimated $125 per sf, or about $15.6 million.
TAMPA, FL-Owner Steven Green of Green Realty Management Co. LLC is refinancing the 168-unit, 94.6%-leased property through Fannie Mae's Delegated Underwriting and Servicing (DUS) program on a 10-year mortgage.
ATLANTA-The firm's senior vice president in charge of Atlanta operations since 1998 will also oversee Southeastern and Caribbean operations, in which the Florida and Puerto Rico management portfolios total 9.4 million sf of commercial real estate.
CHICAGO-A class action lawsuit seeks to stop Equity Residential from charging up to three months of lease termination fees and return money paid by former tenants. Equity Residential owns 34,353 units in Florida, where 13.5% of its net operating income is produced.
ORLANDO- In one of the biggest land deals of the year the Brandon Co. paid China Jade Inc. $1.75 million for 1.5 acres and the former 10,000-sf China Jade Restaurant. Brandon plans a 34,800 retail center on the site after the restaurant is demolished.
ORLANDO-Area brokers and independent urban planners tell GlobeSt.com the new player will be Wal-Mart Stores Inc., but Westshore Development Group of Tampa, FL says it can't disclose the newest tenant for its Lost Lake Reserve venture because the deal isn't done.
ORLANDO-Central Park Apartments LLC of Loveland, CO bought the 15-year-old, 216-unit, 98%-leased Central Park Apartments from Tampa, FL-based Central Park Associates for $8.35 million.
BIRMINGHAM, MI-One 100,000-sf store here sells, while another deal is close in the disposition of the retailer's former digs forced by bankruptcy. A store in Jacksonville, FL and corporate headquarters in Jackson, MI also are available.
ORLANDO-The 44-year-old Florida executive of the 31-year-old, Encino, CA-based firm is credited with growing the Tampa and Orlando divisions into two of the strongest offices in the company's network.