ATLANTA-The firm's senior vice president in charge of Atlanta operations since 1998 will also oversee Southeastern and Caribbean operations, in which the Florida and Puerto Rico management portfolios total 9.4 million sf of commercial real estate.
ORLANDO-Philip M. Anderson Jr., chief operating officer and executive vice president of locally based CNL Retirement Corp., becomes a director at the National Investment Center for the Seniors Housing and Care Industries.
ATLANTA-Merrill Lynch Mortgage Lending Inc. is providing a $309 million credit facility for the locally based firm that operates franchises including Holiday Inn, Marriott, Hilton and Crowne Plaza.
ORLANDO-The 1,600-acre acquisition from the Partin Ranch would provide a buffer to slow commercial/residential development between Kissimmee, FL and St. Cloud, FL, near Walt Disney World. The land abuts the 1,100 acres purchased by the Seminole Tribe of Florida last year.
ATLANTA-Taking advantage of a depressed industrial real estate market in Henry County, the retailer is renewing a seven-year contract that has an estimated aggregate value of $4.18 million.
ORLANDO- In one of the biggest land deals of the year the Brandon Co. paid China Jade Inc. $1.75 million for 1.5 acres and the former 10,000-sf China Jade Restaurant. Brandon plans a 34,800 retail center on the site after the restaurant is demolished.
ATLANTA-The Atlanta Regional Commission and Regional Business Coalition also cited four other projects for innovative development--Gateway Village, Silver Springs Village, Smyrna Market Village and the Villages at Lafayette Park.
ORLANDO-A $100 million project for Xentury City is in jeopardy after the county commission splits a vote to support Xentury's stipulations tied to the $30 million donation. Ongoing allegations that the Saudi-based parent company of the developer has terrorist ties may also be fueling the hesitation.
ATLANTA-The Oak Brook, IL-based REIT has $1 billion of additional properties under contract with half of them scheduled to close by year end and the balance in 2003.
ORLANDO-Alysha Enterprises plans to break ground in February on a five-story, estimated $8 million hotel in Tavares, FL, across from the $129 million, six-story Florida Hospital Waterman which is completing the office component of the 350,000-sf project.