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ORLANDO-Dallas-Ft. Worth, Orlando and Tampa are a few of the markets moving lower-priced apartment assets, while Chicago remains a hot sector for class A properties, brokers, investors and analysts tell GlobeSt.com.
TAMPA, FL-The Rahway, NJ-based developer/investor is growing its Florida portfolio with the acquistion of the class A, 203,000-sf Pinellas Business Center on Roosevelt and Martin Luther King Jr. Boulevards, 80 miles west of Downtown Orlando.
DULUTH, MN-Allete Inc.'s real estate unit owns four companies in Florida: Lehigh Corp., Cape Coral Holdings, Palm Coast Holdings and Sugarmill Woods. Laura Holquist most recently led Cape Coral Holdings and Lehigh Corp.
ATLANTA-The locally based investment group is committing an undisclosed amount into 10 properties of the Charlotte developer's recently developed 1.6 million-sf, suburban office portfolio segment, conservatively valued at an estimated $240 million. Overall, Crescent has developed 12 million sf over 30 years.
DALLAS-And the winners are Dallas-based Trammell Crow Co. and Jones Lang LaSalle of Chicago. The real estate giants have assembled 1,090 professionals, hiring 700, to dedicate to the Bank of America contract, which carries an unprecedented teaming of ideas and strategies.
ORLANDO-Gray Co. Inc. of Richmond, VA sells the 27-year-old, 254-unit, class B suburban Ashley of Spring Valley complex at commercially-hot Interstate 4 and State Road 436 for $11.18 million or $43,000 per unit ($43 per rentable sf).
DULUTH, MN-The new format will feature the candy-making process and an upscale look in Duluth's Canal Park area at 395 Buchanan St. The company's stores in its first four markets average about 1,000 sf.
NOVI, MI-Landon Development Corp.'s planned $75-million Promenade will offer 375,000 sf of retail in a city already nearing its saturation point with shops. City officials would have preferred light industrial development.
NOVI, MI-Landon Development Corp.'s planned $75-million Promenade will offer 375,000 sf of retail in a city already nearing its saturation point with shops. City officials would have preferred light industrial development.