ORLANDO-The Oak Brook, IL-based REIT maintains its position as the most aggressive shopping center purchaser in the state with the $7.4 million acquisition ($110.41 per sf) of the 18-month-old, 44,271-sf, 100%-leased Crystal Springs Shopping Center in Crystal River, FL, 90 miles northwest of Downtown Orlando.
ATLANTA-As vice president/marketing and content, Lynn Leonard will be responsible for monitoring conditions and opportunities in the 80 cities NewBridge Retail Advisors covers in the Southeast/Mid-Atlantic region.
ORLANDO-Columbus, OH developer Ronald A. Pizzuti couldn't be reached at GlobeSt.com's publication deadline to comment on growing speculation that at least three national developers are inquiring about his vacant Downtown 5.64-acre pad across from the $200 million, 25-story Orange County Courthouse complex.
MIAMI-The Society of Industrial and Office Realtors selects the Lincoln Property Co. vice presidents for their efforts in leasing the entire spec-built, 138,140-sf, class A, Cambridge Executive Center II in December 2001 to Citrix Systems Inc. of Fort Lauderdale, FL for 15 years.
ORLANDO-After a failed federal mediation session, about 400 housekeepers, seamstresses, laundry workers and public-area attendants have rejected a three-year contract for the second time offered by hotel owners Tishman Hotel & Realty Corp. and Metropolitan Life Insurance Co., both New York-based firms.
MIAMI-The Englewood, CO-based developer/investor sold the 221-unit, 96%-leased Cameron Cove Apartments in Davie, FL, Broward County to Henderson Investors North America Inc. of Hartford, CT for $57,692 per unit.
ORLANDO-The Windermere, FL-based co-CEO of Watertown, MA-based Primix Solutions Inc. is waiting on city approval for Veranda Park, a planned eight-building, 550-apartment urban village-concept venture comprising 383,206 sf of commercial; 300,000 sf of retail; parking garage; movie theatre and post office in southwest Orlando, 15 minutes from Walt Disney World.
ORLANDO-The 52-year-old Broward County developer and Jacksonville-based Hallmark Partners, headed by Jeffrey Conn, plan to break ground on the 67,521-sf Deerwood Lake Commons in September.
ORLANDO-Co-developers Taubman Centers Inc. and Forbes Co. add 17 new tenants as the Oct. 18 grand opening of the 1.3-million-sf, high-end regional shopping center nears. The developers' goal: 140 stores by opening day.
ATLANTA-The 10-year contract has an estimated value of $17 million based on a quoted average rent of $23 per sf in the Midtown submarket. The 15-year-old, 50-story, 1.1-million-sf structure, owned by Sumitomo Life Realty (N.Y.) Inc., is 97% leased.
