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ORLANDO-NL Ventures III, a private equity fund sponsored by AIC Ventures, paid the electronics/microwave manufacturer $5.5 million or $44.39 per sf for TRAK's 33-year-old, 123,897-sf office/plant structure, then leased the property back to TRAK for 15 years at an estimated aggregate rent of $9.3 million.
ORLANDO-Vince La Mariana, former senior marketing officer/general manager of Mulialand in Jakarta, teams with Paula Buffa to handle three Westshore office properties.
NORTHRIDGE, CA-Union Bank of California has leased office space at 9100-9110 Tampa Ave. from Franson & Horowitz. The value of the seven-year lease is in excess of $1.1 million.
ORLANDO-Industry sources tell GlobeSt.com on condition of anonymity representatives of Chicago-based Equity Residential Properties Trust are inquiring into Jacksonville, FL-based St. Joe Co.'s tentative plans to sell off Arvida Realty Services of Clearwater, FL.
ORLANDO-The former senior vice president of Clearwater, FL-based Sembler Co is opening a new commercial/residential corridor with Suncoast Crossings, a planned 700-acre venture that will have 1.2 million-sf office and 500,000 sf of retail, restaurants, hotel and single-family/multifamily homes.
CARROLLTON, TX-M/PF Research says the Sun States will lead the way when it's time for a multifamily rebound. First to recover will be the Inland Empire, Broward County, Tampa Bay, Dallas-Fort Worth, Houston and maybe Oakland-East Bay.
MIAMI-The Rahway, NJ-based investor/developer paid $7.04 million or $100.57 per sf for the 87.43%-leased, 70,000-sf Brandywine Centre I in West Palm Beach where Denholtz will establish its regional Florida headquarters.
CARROLLTON, TX-M/PF Research says the Sun States will lead the way when it's time for a multifamily rebound. First to recover will be the Inland Empire, Broward County, Tampa Bay, Dallas-Fort Worth, Houston and maybe Oakland-East Bay.
MIAMI-Douglas E. Driver joins the locally based real estate investment and merchant banking firm as vice president and reports to managing director Timothy E. Martorella.
MINNEAPOLIS-Shareholders will receive $9.15 per share from the developer of multifamily housing in the Twin Cities, Des Moines, IA, and Tampa, FL. The company is now owned entirely by the Rotter family.