TAMPA, FL-Locally based Zaremba Brandon buys the 0.9-acre pad (39,204 sf) at Regency Square Shopping Center in Brandon, FL, a Tampa suburb, for $800,000. Zaremba plans a free-standing jewelry store on the site. Tampa is 80 miles west of Downtown Orlando.
ATLANTA-Miami-based LNR Property Corp. and locally based RB Management Services will be using iTendant's online software programs for tenant-owner property service and maintenance chores. Terms and details of the contracts weren't disclosed.
CLERMONT, FL-Five hundred signed petitions from Lennar-owned Kings Ridge community convinced the city council to reject the Miami-based homebuilder's plans to build a 258-unit multifamily structure at an estimated $25 million for elderly tenants.
ATLANTA-Locally based Integral Group is paying Copa Inc. $4.4 million or $2.59 million per acre ($59.42 per sf) for a 1.7-acre parcel near Centennial Olympic Park where it plans to build a $47.5-million, 385-unit, twin-tower multifamily/retail complex.
ATLANTA-The locally based multifamily developer hits 100% occupancy at the 452-unit Vinings community located just off Interstate 285 in northwest of Atlanta.
ORLANDO-New second-quarter product of 1.3 million sf tops the 500,000 sf completed in the first quarter and raises the total inventory to 94.6 million sf, up two million sf from year end 2000, a new Grubb & Ellis Co. study shows. Vacancies are at 10.2%, the highest since second quarter 1998.
TAMPA, FL-Lawrence Randolph is leaving his Randolph Equities Inc. firm to be senior director of investment services at the St. Joe Co.-owned brokerage. Tampa is 80 miles west of Downtown Orlando.
ATLANTA-An unidentified pension fund advised by Heitman Capital Management of Chicago sells the 31-year-old, 18-story, 270-unit tower at fast-developing Peachtree Road and Lindbergh Drive for $28 million or $103,703 per unit. A condominium conversion could be in the works.
CHARLOTTE-The locally based financial services firm will be expediting commercial mortgage loans through its newly created DealCentral platform for Banc of America Securities, GMAC Commercial Mortgage and Archon Financial. Terms of the deal weren't disclosed.
ORLANDO-Manny Garcia, a high-profile Central Florida restaurateur who has never had a failing enterprise, will manage and operate the three retail ventures at the $30 million, mixed-use Thornton Park Central scheduled to open by fall.
