MIAMI-Vivo focuses on the sale/leasing of industrial properties in Miami-Dade and Broward Counties. He is a former vice president of CB Commercial in Miami. Banks specializes in the sale/leasing of industrial assets in Broward County.
MIAMI-The federal General Services Administration, the nation's largest office lessee providing space for one million workers in 1,600 cities, will be leasing the estimated $12.3 million premises from Coral Gables-based Codina Group for at least 15 years at a total estimated rent of $24.6 million.
ATLANTA-Michael E. Rawlings, former vice president at Richmond, VA-based Kasper Mortgage Capital, will handle all aspects of affordable housing ventures for Birmingham, AL-based Collateral Mortgage Capital LLC.
ORLANDO-U.S. Bankruptcy Judge Arthur B. Briskman is considering the restaurant chain's second request for an extension on drafting a Chapter 11 reorganization schedule. If the judge denies the request, other companies may immediately submit their own plans for keeping the chain alive.
ORLANDO-Rola-Trac North America of Norfolk, England is taking the space at Sanford Industrial Park, 1140 Albright Road, for five years at an aggregate rent of $222,984 ($3.72 per sf). Rola-Trac provided one million sf of temporary, synthetic-built roadways for the British Army fighting rebels in the mountain regions of Kosovo in 1999.
ATLANTA-The six-year-old local office of New York-based Julien J. Studley Inc. is reorganizing after 15 top brokers left last week to join New York-based Newmark & Co. Vice chairman Peter Speier will work with the Southeast and Southwest offices.
ATLANTA-The Houston-based REIT paid Raleigh, NC-based Bob Hughes and Associates about $88.56 per sf for each of the properties, based on Weingarten's $141.7 million investment on 1.6 million sf of retail this year. The REIT also bought a property in Plano, TX.
ORLANDO-James M. Seneff, founder/chairman of parent CNL Financial Group Inc., moves $12.4 million into CNL American Properties Fund to cover the 2001 deficit blamed on Chapter 11 filers Phoenix Restaurant Group Inc., Roadhouse Grill Inc. and Houlihan's Restaurant Group.
MIAMI-The West Palm Beach, FL-based company paid Waterton Associates of Chicago $85,794 per unit for the 30-year, 252-unit, 98%-leased Boca East apartment complex just off fast-developing Downtown Boca Raton, 45 miles north of Downtown Miami.
ATLANTA-The alliance between the Roswell, GA developer and the New York financial services firm plans to create 336 loft apartments overlooking the Chattahoochee River in Columbus, GA, 100 miles southwest of Downtown Atlanta. Monthly rents will be $425 to $920.
