RICHMOND, VA-The REIT paid Poplar and Enclave Housing Associates an average $66,221 per unit for the two adjacent multifamily communities totaling 524 units in suburban Kennesaw, GA, 20 miles northwest of Downtown Atlanta.
DAYTONA BEACH, FL-The Oak Brook, IL-based retail REIT bought the triple-net leased 22,255-sf property from Wilton Partners Daytona Ltd. for $3.84 million.
ORLANDO-Theater industry sources and area brokers speculate to GlobeSt.com that the Knoxville, TN-based movie theater chain's 103 screens at eight Central Florida locations could be reduced in number in a reorganization plan expected to be filed by year end with the federal Bankruptcy Court.
ORLANDO-Real estate investment trusts are gaining favor again, but liquidity could be a problem, depending on the amount of the investment. Two local property professionals offer their views to GlobeSt.com.
ORLANDO-The Houston REIT purchased the 41-year-old, 102,000-sf, fully leased Winter Park Commons Shopping Center in suburban Winter Park, FL for an undisclosed price. Area brokers tell GlobeSt.com the estimated price is $13 million or about $125 per sf, based on previous comparable sales.
TAMPA, FL-The national office and residential furniture/appliance manufacturer is leasing new quarters with an estimated $1 million lease at the 955,000-sf, 95%-occupied Tampa Distribution Center, owned by Metropolitan Life Insurance Co. in East Tampa, 80 miles west of Downtown Orlando.<p>
ORLANDO-The theme park quickly edited an animated video for the Amazing Adventures of Spider-Man ride. The removed material depicted the destruction of lower Manhattan by comic-book villains.
ATLANTA-The 60-year-old, locally based assessment firm won't be able to start evaluating damaged structures in New York until rescue workers complete their work in lower Manhattan.
ORLANDO-Northwestern Mutual Life Insurance Co. of America sells the 118,300-sf, 99%-leased 1133-20th St. NW building for an estimated $18 million or at least $150 per sf, area brokers tell GlobeSt.com on condition of anonymity.
ATLANTA-The New Haven, CT-based tire manufacturer is building a 400,000-sf, design-build complex in Rome, GA that will house the company's manufacturing, office and research facilities. Rome, 40 miles northwest of Downtown Atlanta, will be the firm's new North American headquarters.