MIAMI-The equity senior debt loan of $78.78 million to Athena Karlton SOBE LLC was for the acquisition and conversion of the 36-story, 399-unit Waverly at South Beach apartment tower in a deal with Orlando-based ZOM South Beach Ltd.
MIAMI-The senior debt loan of $78.78 million to Athena Karlton SOBE LLC was for the acquisition and conversion of the 36-story, 399-unit Waverly at South Beach apartment tower in a deal with Orlando-based ZOM South Beach Ltd.
MIAMI-Henry Rodstein, co-founder/president of the 19-year-old locally based brokerage, says that because the hotel/motel industry is a business and "not really real estate," existing low occupancy and cash flow factors keep the funding spigot closed at most local financial institutions.
ORLANDO-The Houston-based REIT paid Lake Washington Square Ltd. of Melbourne, FL an estimated $13.44 million or $120 per sf for the 17-year-old, 98%-leased, 112,000-sf Lake Washington Square shopping center, 60 miles southeast of Downtown Orlando.
ORLANDO-The Atlanta-based cinema developer wins quick approval for its planned 16-screen, 3,750--seat, 75,000-sf multiplex project at the proposed $150 million, one million-sf Altamonte Town Center on the shores of Crane Roost Lake, seven miles north of Downtown Orlando.
ORLANDO-The Atlanta-based cinema developer wins quick approval for its planned 16-screen, 3,750--seat, 75,000-sf multiplex project at the proposed $150 million, one million-sf Altamonte Town Center on the shores of Crane Roost Lake, seven miles north of Downtown Orlando.
ORLANDO-In a surge to diversify its $5 billion portfolio, the subsidiary of locally based CNL Financial Group Inc. paid the Washington, DC-based hotelier an average $117,063 per unit for properties totaling 504 units in Ohio, Massachusetts, Maryland and California.
MIAMI-Henry Rodstein, co-founder/president of the 19-year-old locally based brokerage, says that because the hotel/motel industry is a business and "not really real estate," existing low occupancy and cash flow factors keep the funding spigot closed at most local financial institutions.
ORLANDO-Orange Circuit Court Judge Joseph Baker will decide if Clarence Moore, who can't read or write, signed a two-acre deed in 1993 with an X mark to Jean Smith-Snagg, believing it was a will and not a property transfer. Universal bought the land for $1 million and Moore didn't get a penny, his lawsuit argues.
MIAMI-Inland Southeast Dania LLC paid Greensboro, NC-based Tanger Properties Ltd. $18.2 million for the 165,000-sf, three-year-old property in Sportsman Park, Fort Lauderdale, FL. Bass remains a tenant under a long-term, triple-net lease believed to be for at least 20 years.
