ORLANDO-The Central Florida Commercial Real Estate Society recognized the senior marketing manager in the Orlando office of Advantis Real Estate Services Co. for closing on 260,000 sf of leasing deals in 2001.
CHARLOTTE-Flex product (office and warehouse combination) is suffering the most at a 22.9% vacancy level, followed by warehouse/distribution, 7.5% and manufacturing, 4.8%, according to a new study of the area's 110.7 million-sf inventory by CB Richard Ellis Inc.
MIAMI-New South Federal Savings Bank, an affiliate of Birmingham, AL-based Collateral Mortgage Capital is loaning a total $6.22 million on three manufactured home communities in Miami, Lake Alfred, FL and Auburndale, FL.
EUSTIS, FL-The Downtown two story, 12,718-sf former Ferran's Department Store on Magnolia Avenue is expected to sell for a conservative replacement cost of about $50 per sf or $635,900, independent construction industry estimators tell GlobeSt.com.
FORT LAUDERDALE, FL-The city commission has approved the final site plan for the five-building, 25-story, 4.2-acre oceanfront redevelopment venture which will comprise 346 hotel rooms, 171 timeshare units, 33,015 sf of retail and 25,000 sf of banquet/meeting space.
TAMPA, FL-The 5.62 million-sf central business district submarket saw 394,551 sf go dark in fourth quarter 2001, bringing total net absorption to a negative 128,852 sf, the poorest performance of the last six years.
TAMPA, FL-Brad Luger, the firm's executive director, investment services group, has closed $6 million in transactions since January of this year. He has been with Advantis since the Atlanta-based brokerage opened the Tampa office April 13, 1999.
BIRMINGHAM, AL-The multifamily, office and retail REIT is paying first-quarter dividends to holders of record on March 15 on two series of preferred shares on March 29. The Alabama-based company owns 108 multifamily, office and retail properties in the Southeast and Texas.
TAMPA, FL-The Beachwood, OH investor/developer paid Focus Group of Boca Raton, FL $68,088 per unit for the 340-unit, 90%-leased, two-year-old apartment complex in affluent suburban Citrus Park. Downtown Tampa is 80 miles west of Orlando.
CHARLOTTE-Flex product (office and warehouse combination) is suffering the most at a 22.9% vacancy level, followed by warehouse/distribution, 7.5% and manufacturing, 4.8%, according to a new study of the area's 110.7 million-sf inventory by CB Richard Ellis Inc.