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-Developer Jim Jacoby's 138-acre, $2-billion Atlantic Station mixed-use development signs four more tenants to approximately five-year leases with an estimated aggregate value of $3.3 million.
ATLANTA-The Washington, DC-based firm, which owns 290 properties nationwide, is putting its 11 local buildings totaling 1.6 million sf in play, either as a package deal or separately, brokers in a position to know tell GlobeSt.com.
ATLANTA-Locally based Wells Real Estate Funds ends the fund-raising phase of the Wells Real Estate Investment Trust Inc. which has acquired 100 class A properties totaling 20 million sf in 26 states for 130,000 investors.
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.
ATLANTA-Cousins Properties Inc. has expanded its board to 10 directors with the selection of John J. Mack who was a director from May 2001 to May 2003. Mack is co-CEO of Credit Suisse Group and CEO of Credit Suisse First Boston.
ORLANDO-David Eichenblatt pays Philadelphia-based LAGF $6 million for the shuttered 281-room Four Points Sheraton which Harry Helmsley, the late New York entrepreneur, built in 1962 at a reported hard construction cost of $15 million.
ATLANTA-Charles Brown, who conceived the $2-billion, 138-acre mixed-use Midtown project with local developer James F. Jacoby and other associates in 1997, plans to do private consulting and volunteer work with civic organizations.
ATLANTA-Cousins Properties Inc., which leases the 2.1-million-sf Concourse Corporate Center in north Atlanta for New York-based Teachers Insurance and Annuity Association, has closed 500,000 sf of new leases, expansions and renewals through November.
COCOA BEACH, FL-The 42-year-old, legendary surf shop retailer is partnering with Milwaukee-based Towne Group in developing the 525-unit Ron Jon Resort Cape Caribe near Port Canaveral in Brevard County.