ATLANTA-Randy Hall, a regional underwriting manager for capital markets here, will lead the Core South Origination Team based in the city. Jim Hensley, also based here, will head the Florida originations team.
WINTER HAVEN, FL-The Washington, DC-based Trust For Public Land agrees to pay the park's majority owners Larry Maxwell and William Reynolds $22 million for the shuttered 68-year-old water sports attraction, 60 miles south of Downtown Orlando.
ORLANDO-Based on projected population growth through 2010, David W. Marks, president, Marketplace Advisors Inc., predicts new product totaling about six million sf annually will be needed in Florida to keep up with the needs of newly arriving residents.
ORLANDO-The North Miami Beach-based REIT pays California-based Hunters Creek Plaza Inc. $7.5 million, or $110.24 per sf, for the 94%-leased neighborhood shopping center in here.
ATLANTA-The former first vice president for Homart Development Co. reports to Greg Maloney, president of Jones Lang LaSalle's retail group. At Homart, Oliaro participated in the development of five million sf of retail in the Southeast.
ATLANTA-DaimlerChrysler decides to hold off building a Sprinter van plant in Pooler, GA, near Savannah, after the state invests $24 million in buying the land and another $36 million in site preparation.
ORLANDO-The Jackson, MS-based REIT expects to grow its one-million-sf industrial portfolio here with the purchase of 70 acres in Orlando Central Park for $5.1 million, or $72,857 per acre.
ALPHARETTA, GA-For the second time in 30 days, the Alpharetta City Council asked for more time before voting on the 220-acre suburban venture that would comprise 500,000 sf of educational, cultural and recreational space plus hotel, office, retail and residential components.
ATLANTA-Jameson Inns Inc., which plans to shed its REIT status in 2004, is reporting revenue per available room of $33.55 in August, a four-cent increase from August 2002. Occupancy among all brands was 55.5%, up from 54.4% at this time last year.
ORLANDO-Through their C.S. Golf Partners LLC company, the Creighton family of Connecticut, headed by former Boston Bruins center David Creighton Sr., pays the Celebration Co. $6.5 million for the championship 18-hole, 159-acre Celebration Golf Club, 20 miles south of Downtown.