ORLANDO-Colonial Properties Trust plans to break ground in the first quarter on an estimated 60,000-sf, $6-million, 12-screen movie house at its Orlando Fashion Square regional mall, four miles east of another 12-screen theater planned at a $140-million, mixed-use venture Downtown.
ATLANTA-Despite a metro average office vacancy rate of 22%, sales of multi-tenant properties in the third quarter totaled $293.2 million on 22 transactions, up from volume of $128.6 million on 32 sales in the same period last year, according to The Wise Office Report.
ATLANTA-One of 66 international graduates in the special one-year-old course, John DeCouto, senior director, Advantis/GVA, has completed the study program for the CoreNet Global's Senior Leader of Corporate Real Estate designation.
GAINESVILLE, GA-American CBI of Conyers, GA and New York-based Endeco International expect to break ground in late 2004 on a two-building, 750,000-sf enterprise in this suburban city where guests will be shuttled by helicopter to and from nearby Hartsfield-Jackson International Airport.
LAKE MARY, FL-Joan Alexander, a sales and management executive with 30 years in the field, has chalked up $150 million in aggregate sales with numerous firms, including Merrill Lynch Realty and Marie Powell & Associates, both in Sarasota, FL, and Brown Harris Stevens in Winter Park, FL.
CLERMONT, FL-The department store chain based in the Milwaukee suburb of Menomonee Falls, WI expects to break ground in 2004 on an estimated 90,000-sf store at a commercial center in Lake County, retail brokers and consultants in a position to know tell GlobeSt.com.
MOUNT DORA, FL-The Deer Island Golf and Lake Club, prime Lake County real estate on the south shore of Lake Dora, 28 miles northwest of Downtown Orlando, could be picked up for about $1.9 million, the mortgage balance amount due to Mercantile Bank.
ALPHARETTA, GA-The suburban city 20 miles north of Downtown Atlanta is asking Georgia Tech researchers to analyze the difference of the city's cost in providing services to new townhome and office projects. The moratorium is in effect until March.
ATLANTA-In the largest metro area sale of its kind this year, locally based Jamestown Management pays a Munich, Germany entrepreneur $131 million, or $151.49 per sf, for the two-building, 864,700-sf asset in the northwest Atlanta submarket.
ORLANDO-The Central Florida chapter of the National Association of Industrial and Office Properties cites David Murphy for his 42 industrial deals valued at $50.2 million in 2003 and Mike Phipps for his 15 transactions totaling $85.6 million. Murphy and Phipps are vice presidents in the local office of CB Richard Ellis Inc.