ATLANTA-The locally based garden apartment developer pockets gross proceeds of $64 million in the previously announced sales of the 432-unit Post Hackberry Creek apartments in Dallas and the 403-unit Post Roosevelt Square apartments in Downtown Phoenix.
ATLANTA-The Clayton County commission has approved a special tax district for Villages of Ellenwood, a $250-million, mixed-use venture proposed by locally based Liberty Development Corp. and National Retail Real Estate Services about 20 miles south of Downtown Atlanta.
SANFORD, FL-Roche Development Group has won its first green light from Seminole County commissioners to build Deep Lake, a planned 100-home community at an estimated development cost of $8 million. But residents want more time to review the developer's plans.
JACKSONVILLE, FL-Unannounced by the company itself, the Bay County Commission has approved 16,000 acres for commercial, industrial, residential and conservation uses in western Bay County near the 4,000-acre site of the proposed relocated Panama City-Bay County International Airport.
ATLANTA-The locally based, 120-hotel company which plans to shed its REIT status in 2004, reports revenue per available room in November was $26.65, down 1.3% from November 2002. The average daily rate decreased 80 cents for the month while occupancy was flat.
ORLANDO-Area industrial brokers in a position to know tell GlobeSt.com that shopping center developer Thomas Enterprises of Smyrna, GA paid about $38,889 per acre for 1,800 acres that Vivendi Universal bought from Lockheed Martin Corp. in 1998 for $54 million.
JACKSONVILLE, FL-Unannounced by the company itself, the Bay County Commission has approved 16,000 acres for commercial, industrial, residential and conservation uses in western Bay County near the 4,000-acre site of the proposed relocated Panama City-Bay County International Airport.
ORLANDO-It took eight months to do the 57,044-sf deal but through research and networking, Realty Capital senior vice president Thomas E. Hankins met the requirements set by buyer FFVA Mutual Insurance Co. and its affiliate, Florida Fruit & Vegetable Association.
SNEADS, FL-Seized after the arrests and convictions of the Miami-based Vega family in January, the Treasury Department unloaded the two North Florida properties totaling 1,688 acres at what local brokers tell GlobeSt.com are among the lowest prices on record--three cents and four cents per sf.
ORLANDO-Orange County property appraiser Bill Donegan's year-long victory means the county will receive about $1.4 million in additional tax revenue from the two hotel chains who lost a bid for a lower land assessment near the Orange County Convention Center.