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DEDHAM, MA-The Procaccianti Group acquires the 249-room Hilton Dedham Place here on 25 Allied Dr. A company executive says that the purchase of the hotel is part of the company's strategy of renovating underperforming hotels.
CLERMONT, FL-Lake County manager Bill Neron will outline an acquisition strategy Feb. 12 for the county and state agencies on how to jointly offer to buy the 1,434 acres from Orlando landowners Karick Price and Willoughby T. Cox for a so-far undisclosed amount.
ATLANTA-The locally based REIT unloaded two commercial assets in Texas and a residential property in Tampa. The company said it will use the money to pay down debt.
ORLANDO-The city ranked sixth in the nation in the first nine months of 2001, down from second place in 1999, according to a new University of Central Florida study by Dr. David F. Scott Jr. Las Vegas has led UCF's private construction intensity index since 1998.
NEW YORK CITY-A newly formed Cushman & Wakefield team is set to broaden the firm's multifamily valuation and appraisal service initiatives on a national basis. The company hopes to capitalize on soft economic conditions, predicting multifamily advisory revenues of $10 million by 2004.
ORLANDO-The city ranked sixth in the nation in the first nine months of 2001, down from second place in 1999, according to a new University of Central Florida study by Dr. David F. Scott Jr. Las Vegas has led UCF's private construction intensity index since 1998.
VENICE, FL-Aston Care Systems of Sun City, FL and Essex Builders Group of Winter Park, FL break ground Feb. 11 on a $21 million senior center in Venice, near Venice hospital, 180 miles northwest of Downtown Miami. The first phase of the project is expected to take 12 months.
TAMPA, FL-With one million sf of sublease product available, property owners are offering concessions and competing fiercely for creditworthy tenants but aren't tying up leases for lengthy terms.
ORLANDO-Developer Robert "Bobby" Ginn has tied up 4,669 acres on three major projects at Magnolia Creek in Osceola County, Orlando International Airport and Pine Island in Lake County. Wal-Mart, Sam's and Lowe's are buying near Simon Property's 1.1 million-sf Seminole Towne Center Mall in Sanford, FL.
TAMPA, FL-With one million sf of sublease product available, property owners are offering concessions and competing fiercely for creditworthy tenants but aren't tying up leases for lengthy terms.