TAVARES, FL-Fast-food restaurant developments may take the biggest hit--up 869% from $1,827 to $17,706 for every 1,000 sf built. General commercial projects, 50,000 sf to 200,000 sf would see an increase of 260%, from $604 per 1,000 sf of development to $2,177.
ORLANDO-The Central Florida Commercial Real Estate Society cited Mark L. Findura, president, R.J. Twitty & Co. II Inc., as overall top producer in commercial sales and finance; investment sales; and land sales/production.
ATLANTA-Cedar Partners LLC paid $1.35 million or $6,683 per unit for the 202-unit, 31-building Cedar Point Apartments in suburban Warner Robins, GA. Regency Partners LLC paid $1.78 million or $13,051 per unit for the 136-unit, 21-building Regency Club Apartments in Albany, GA.
LAKELAND, FL-The largest employee-owned supermarket chain in the country posted net earnings of $530.4 million, duplicating its 2000 performance. Stores open at least a year boosted their sales by 3.2%.
MEMPHIS, TN-Locally based EPR Enterprises LLC gets the green light from elected officials of the DeSoto County planning commission to have the former 157-acre, Presley-owned Circle G Ranch in nearby Walls, MS, rezoned to planned unit development status so that it would become part of the 802-acre venture. Walls is 15 minutes from Graceland.
PALM BEACH GARDENS, FL-The company that calls itself the world's largest developer of prisons will guard the Consumers Energy's Palisades power facility in Covert, MI from March 25 of this year through October 2006.
MIAMI-Vector Holdings Corp., a specialty food wholesaler to the hospitality industry, is negotiating for a new 10-year fast-food concessions lease at the 250-shop, 2.3 million-sf Aventura Mall in north Dade County, a transaction that could mean $1 million in new sales for the publicly traded company.
BIRMINGHAM, AL-The two equity offerings, totaling 560,380 shares, are scheduled to close today. Cohen & Steers Quality Income Realty Fund Inc. bought 299,670 shares for $9.5 million. Salomon Smith Barney purchased 260,710 shares for $8.3 million.
CORAL GABLES, FL-Tere Blanca de Ulloa moves up to senior vice president status from vice president at Codina Realty Services Inc. ONCOR International. Blanca averages 600,000 sf in closed transactions annually.
CHARLOTTE-The 30.6 million-sf market saw vacancies rise for the fifth straight quarter at year end 2001, with 1.14 million sf of sublease space added to the availability roll, according to a new report from CB Richard Ellis Inc.
