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ORLANDO-Captain D's of Nashville, TN and Fired Up Inc. of Austin, TX are two of the newest players separately trying to build market share and break in on the local turf. They may be shocked at the sticker prices on some of the prized dirt, area brokers tell GlobeSt.com.
ROSEVILLE, MN-The residential development firm says its backlog and new orders are down slightly during the quarter ending March 31. Company officials are nonetheless pleased. For the year, Rottlund's net income was up 44%.
ATLANTA-First-quarter funds from operations at Raleigh, NC-based Winston Hotels Inc. are at $7 million, up from $6.6 million. The REIT provided $1 million in mezzanine financing for a Hilton Garden Inn in Atlanta that opened in April.
FORT LAUDERDALE, FL-The Fort Lauderdale-based firm is seeing increased demand for its services in the Tampa Bay and Orlando areas. Dick Hunt is business development director at the new office. Fort Lauderdale is 26 miles north of Miami.
AUSTIN-Austin-based Aperian is selling data centers in Dallas, Atlanta, Tampa and Phoenix. Aperian's conference call provides insight to the disposition amid an unfolding new strategy to team with third-party providers.
HOUSTON-A Louisiana investor is paying $7.5 million for the Bayberry Tree Apartments in Houston. It's in keeping with a trend by out-of-state investors who are looking more seriously at this market and Hall Financial's disposition strategy.
CORAL SPRINGS, FL-The Tampa-area discount furniture retailer pays Miami-based Pan American Group Inc. $6.5 million or $141,304 per acre ($3.24 per sf) for a 46-acre industrial-warehouse site in Corporate Park here, 34 miles north of Miami.
ORLANDO-The Legislature ran out of time and didn't consider the Charlotte-based company's request to legalize merchant power plants in Florida, a move vigorously opposed by market share leaders Florida Power Corp., Florida Power & Light Co. and Tampa Electric Co.
ORLANDO-Mitsubishi Heavy Industries America Inc. of Newport Beach, CA has selected the 155,000-sf, 75%-leased Colonial Center 100 building being developed by Colonial Properties Trust in suburban Lake Mary, FL.
CHICAGO-Industrial property is becoming the preferred asset for a few classes of investors, which doesn't hurt the nation's largest provider of diversified industrial real estate. The REIT's funds from operations increased by 11.4% in the first quarter.