ORLANDO-The Dallas-based brokerage names Phil Carter of Colliers Arnold to head the new retail services division which complements the seven-month-old corporate services office at 100 S. Orange Ave. Downtown.
ORLANDO-The deal was done after the Minnesota-based restaurant chain needed quick funds to refinance 24 of its 400 properties in 12 states. Under the deal, Orlando-based CNL Franchise will own the 24 restaurants and Buffets will be the tenant at undisclosed rents.
ORLANDO-The 1.3 million-sf, $250 million partially completed Mall at Millennia in south Orlando and the planned $200 million Altamonte Springs Town Center, seven miles north of Downtown, will have larger trade areas than the five-mile radius of the traditional suburban mall, David Marks of MarketPlace Advisors Inc. tells GlobeSt.com.
MIAMI-The Columbus, OH-based lender is providing a fixed-rate refinancing package to owner CB Kendall Mall Inc. but terms of the deal for the 25-year-old, 278,925-sf shopping center in south Dade County weren't disclosed.
MIAMI-The Sarasota, FL-based developer of cell phone sites has signed a definitive agreement with Fortress Investment Group and Greenhill Capital Partners LLP to buy its delinquent 10% senior discount notes in exchange for creating a new Pinnacle company headed by Wesley R. Edens of Fortress and Robert H. Niehaus of Greenhill.
ORLANDO-The 1.3 million-sf, $250 million partially completed Mall at Millennia in south Orlando and the planned $200 million Altamonte Springs Town Center, seven miles north of Downtown, will have larger trade areas than the five-mile radius of the traditional suburban mall, David Marks of MarketPlace Advisors Inc. tells GlobeSt.com.
MIAMI-The former general manager in the Miami office of JLL becomes director of operations for the South Florida office of the Atlanta-based firm which has built up a local office portfolio of 2.4 million sf.
MIAMI-Edwin A. Huston is also the former vice chairman of Miami-based Ryder System. Scott H. Adams, another new director, is president of Cenetec, a Boca Raton, FL-based business incubator company.
ORLANDO-The deal is scheduled to close by July 1. Neither company would discuss price or transaction terms. But area brokers tell GlobeSt.com the estimated price for the building itself, not including equipment, will be $15 million or about $150 per sf.
ATLANTA-The $15.18 million addition at Enterchange at Walthall industrial park in Richmond, VA's Chesterfield County will comprise two buildings totaling 219,000 sf and a third 287,000-sf structure, all speculatively built.
