TAMPA, FL-Sonoma Park LLC pays $17.8 million for the 296-unit Sierra Point in Tampa Bay while Steven D. Bell & Co. acquires the 150-unit Riviera Senior Living facility in Holly Hill for $14.8 million. Meanwhile, Villas at Jasmine Park LLC buys the 168-unit Jasmine Park apartments in Pensacola for $7.8 million.
NEWNAN, GA-The Atlanta-based REIT is buying 2,971 acres from the Blalock family to develop up to 399 homes and 5,000 sf of retail at Blalock Farms. The subdivision will focus on providing residents with areas for bird hunting, fishing and equestrian activities.
SANFORD, FL-Miro Hospitality Properties plans to break ground by year end on the first phase of a two-hotel, $40 million campus. The first hotel will be a 120-room, $10-million property expected to be ready for occupancy in 2008.
HAMPTON, GA-Elected officials in this southside Atlanta community vote five to one in favor of a moratorium on residential applications. The thought is to give the city council time to revamp out-dated zoning guidelines.
LONGWOOD, FL-RB-Gem Management LLC, pays a premium $200,280 per unit for a total 357 units. The trophies are Golfbrook and Sabal Park Apartments within the Sabal Point Golf Course and Country Club. The developer also receives $74.8 million in acquisition and conversion cost loans from Fremont Savings & Loan of Brea, CA.
ATLANTA-Southeast Capital Partners hires Dan Lussier from DKM International Inc. as managing director. Pinnacle Cos. and CRB Realty Associates retain national land planner A. Nelessen Associates Inc. of Belle Mead, NJ to help redevelop 107 acres in suburban Roswell.
ORLANDO-The Village of Imagine will have 470 Westin-branded condominium suites, townhomes and residences. It will also offer at least 40 shops totaling an estimated 300,000 sf of retail on 30 acres across from the four-million-sf Orange County Convention Center on tourist-themed International Drive in south Orlando.
ORLANDO-The Village of Imagine will have 470 Westin-branded condominium suites, townhomes and residences. It will also offer at least 40 shops totaling an estimated 300,000 sf of retail on 30 acres across from the four-million-sf Orange County Convention Center on tourist-themed International Drive in south Orlando.
ORLANDO-Michael J. Gerrity, chairman and CEO of Orlando-based MultiChannel Ventures LLC, plans a fall unveiling for his newest interactive broadband asset. He launched the free For The Tenant.com office space search site in 2004.
ATLANTA-The team of Neal Golden, Patrick Duffy and Bert Sanders racks up a total 695,246 sf aggregately valued at about $327 million in 10 leasing deals. Those deals represent corporate tenants in Atlanta and Miami in 2005. They credit their support staffs for the successes.
