ORLANDO-In the second biggest industrial deal of its kind this year in Central Florida, Ram Development Co. pays 800 SOBT Corp. $326,087 per acre for the 23-acre, former DaimlerChrysler AG parts distribution center.
ATLANTA-Faison Associates of Atlanta loses out, as New York-based owner Teachers Insurance Annuity Association switches leasing and management players, selecting the Atlanta office of JLL.
ORLANDO-In what appear to be signs of a rejuvenated industrial investment and development market in Central Florida, Rebman Properties Inc. has brokered five sales and leasing transactions in the past 45 days.
MELBOURNE, FL-P.A.C. Land Development Corp. sold the three-year-old, 280-unit apartment complex to Thomas Day Properties for $26.5 million or $86.58 per sf. The cap rate on the wood frame-stucco-clad structure at 300 Tuscany Way was 6.42%.
ATLANTA-John Wieland Homes & Neighborhoods wants to add 197 shelter units to its already approved 476 multifamily units at the year-old, multi-million-dollar Providence community near Queen Mill Road and Veterans Memorial Highway.
ORLANDO-Daryl M. Carter, who has closed more than $2 billion in joint acquisition and disposition deals over the past 15 years, spends $7.44 million acquiring a shopping center and 140 acres of undeveloped land. All were cash deals.
BRASELTON, GA-Ruby Forest Ltd. of Suwanee, GA plans 399 homes on a 124-acre subdivision in Gainesville, GA; and 157,000 sf of new commercial and 338 residences at River Walk in Braselton, GA, 50 miles northeast of Downtown Atlanta.
ATLANTA-With metro Atlanta's largest industrial development project ($6.4 billion) under way, Hartsfield Atlanta International Airport managers heard good news today as Standard & Poor's gives top ranking to the general airport revenue bonds.
TAMPA, FL-Michaels Development Co. breaks ground on two community centers and 358 apartments at the planned 559-unit Belmont Heights Estates in East Tampa. Clark Realty Builders is the general contractor for Michaels and co-developer Tampa Housing Authority.
ATLANTA-About 2,000 attendees were onhand at the 400,000-sf Georgia International Convention Center in College Park, GA. It is the first component of Gateway Center, a planned 155-acre venture of hotels and offices just west of the airport.