ATLANTA-CB Richard Ellis orchestrated a transaction that allowed the Stamford, CT lender to buy out a 10-year lease from E*Trade, and provided Holder Properties with a blue-ribbon tenant in a three-year-old structure that has been sitting vacant for two years.
ATLANTA-James L. Kacena joins the real estate group of Atlanta-based Sutherland Asbill & Brennan LLP in an Of Counsel capacity. He will practice with both the hospitality and leisure group; and the Caribbean development group at the 350-lawyer firm.
CLERMONT, FL-One outparcel at East Towne Center in the bustling Orlando bedroom community of Clermont sold for $1.3 million--after the owner only asked $1 million. Broker Trevor W. Hall Jr. of Colliers Arnold handled the deal.
ORLANDO-David A. Siegel says he is ready to sign a 99-year lease with the state and put $5 million into a maintenance bank escrow account to operate the recently closed Cypress Gardens attraction, even if it becomes a losing proposition for him.
ATLANTA-Thomas D. Senkbeil, former president and chief operating officer of Atlanta-based Carter & Assoc., becomes chief investment officer at Post Properties Inc. where he is expected to drive the company's acquisition and disposition team to new highs.
ORLANDO-A U.S. Department of Commercial biannual forecast predicts British and Canadian tourist numbers will be up for 2006 but the volume of Brazilian and German visitors will still be below 2000 levels.
ORLANDO-James P. Conroy, convicted of three felonies in the alleged $214 million swindle of 2,203 global investors by the defunct, Orlando-based Evergreen Security Ltd. from 1990 to 2000, is scheduled to be sentenced July 15 in New York State Supreme Court.
ATLANTA-Homestead Studio Suites Hotels will be paying an affiliate of Houston-based Sunburst Hospitality Corp. an average $55,623 per room when the largest deal in Homestead's history closes by mid-June.
JACKSONVILLE, FL-Lucas Fairways LLC of Jacksonville, FL paid Bank of America Inc. of Los Angeles $31,818 per acre or 73 cents per sf for the 38-year-old, 110-acre property redesigned by Arnold Palmer in 1986.
ATLANTA-Bartow Industrial Centre LLC is asking the Coosa Valley Regional Development Commission for an OK on a 514-acre mixed-use venture that calls for 10 acres of commercial and 21 acres for a school.