ATLANTA-Cole and Eddleman Development Co. LLP of Birmingham, AL has refinanced 736 units in four properties with a 30-year mortgage that require the borrower to pay only the interest on the loan for the first 10 years.
ATLANTA-Crown American Realty Trust of Johnstown, PA bought the 16-year-old, 80%-leased, 629,000-sf Wiregrass Commons Mall in Dothan, AL from Metropolitan Life Insurance Co.
ORLANDO-Area brokers and independent urban planners tell GlobeSt.com the new player will be Wal-Mart Stores Inc., but Westshore Development Group of Tampa, FL says it can't disclose the newest tenant for its Lost Lake Reserve venture because the deal isn't done.
ATLANTA-National Commerce Financial, ranked No. 1 or No.2 in the banking industry by Lehman Brothers for the past seven quarters, is buying Atlanta-based BancMortgage Financial Corp. for an undisclosed sum. The deal is scheduled to close by Dec. 31.
ORLANDO-Central Park Apartments LLC of Loveland, CO bought the 15-year-old, 216-unit, 98%-leased Central Park Apartments from Tampa, FL-based Central Park Associates for $8.35 million.
ORLANDO-Lake County's smallest community (Pop. 3,500) can't proceed with planned developments for 3,000 homes, offices, retail and a golf course on three parcels totaling 2,600 acres near Cherry Lake and the Green Swamp, says the state.
ATLANTA-Simpson Housing Limited Partnership of Denver switched the leasing/managing assignment after Trammell Crow Co. signed an estimated 10-year-deal for about 25,000 sf on a single floor at the 1.5-million-sf mixed-use development.
ATLANTA-Michael Kuras, an associate broker for Re/Max Commercial Atlanta, is the 13th professional recruited by the growing Irvine, CA-based firm: a new player on Atlanta's commercial real estate turf.
ORLANDO-Heidi Adams, a 15-year commercial real estate professional, leaves her post as vice president/brokerage operations in the Orlando office of Carter & Associates-ONCOR to join the local division of Advantis Real Estate Services Co.
ATLANTA-The privately held, 118-property extended-stay hotel chain logged weekly revenue per available room of $150.17 and $151.28 for the third quarter and nine-month period respectively versus $149.84 and $148.97 in the 2001 periods.