ATLANTA-The Dallas-based homebuilder acquired the strategically located tract for a total $3.5 million near the Atlanta firm's Addison Place apartment community in suburban Alpharetta, GA. Centex plans to develop 80 townhomes on the East Fox Court site.
KISSIMMEE, FL-In one of the most dramatic commercial real estate showdowns of the year in Central Florida, the Osceola County commission voted 3-2 Monday night to start talks with its No. 2 choice, Landmark Organization Inc. of Austin, TX.
ORLANDO-The independent, 40-agent boutique realty firm that started with two professionals five years ago is shooting for an $80 million sales year after posting $61.4 million in 2001.
ATLANTA-The Indianapolis-based building products wholesaler is taking the entire 131,320 sf at 4051 Southmeadow Parkway for 12 years. The South Atlanta warehouse is owned by Chicago-based First Industrial Realty Trust Inc.
ATLANTA-Outgoing CEO Mike Greco becomes a member of the company's Investor Operating Committee as the former Charlotte-based company relocates to Atlanta.
ORLANDO-Local leaders tell GlobeSt.com that life insurance firms and Wall Street conduits are hungry to make 5% to 6% loans--but only to stabilized properties with a strong operating track record.
ORLANDO-The senior financial analyst at Cushman & Wakefield's Apartment Group takes the leadership gavel from Dawn St. Clair, the outgoing president of the 70-member chapter of the national network.
ORLANDO-Odyssey Telecorp Inc. of Palo Alto, CA, headed by Sean Doherty, also receives a $17 million credit line to operate the four-year-old, 1,850-mile fiber-optics network in Florida and Georgia. FECI is a major Florida landholder and commercial real estate developer.
ATLANTA-On and off the market several times over the last two years, locally based Holly Street Trust paid Sun Valley, CA-based receiver Rob Evans $1.71 million or $18,000 per unit for the 39-year-old, 95-unit property in the Intown/Downtown submarket.
BIRMINGHAM, AL-The Alabama REIT and its subsidiary, Colonial Realty LP, are replacing their $300 million revolving facility due April 2003 with the new financing package from a banking consortium headed by SouthTrust of Birmingham, AL, Wachovia of Charlotte and Wells Fargo of San Francisco.