DANVILLE, VA-The proposed Coleman MarketPlace trade area includes 335,703 residents with a 2006 average household income of $45,489. The immediate, five-mile radius contains 56,071 residents with a 2006 average household income of $40,925.
VIRGINIA BEACH-The Arlington, VA-based firm expects to acquire at least 1,500 more multifamily units in the Hamptons Roads market by the end of the year and bring its total in the market to 5,000 units by the end of 2007.
ORLANDO-As the seller organizes his portfolio, a locally based private investment group buys the 29,442-sf property for $4.2 million, just shy of the $4.25-million asking price.
DANVILLE, VA-North American Properties retail property will be the first mall to be developed here since the 1980s. The $60-million project will be situated on 67 acres opposite Piedmont Mall.
TAMPA, FL-Highwoods Properties is adding to its metro area portfolio with the development of a $41-million, multi-tenant office building in the Westshore submarket. The 5.4-million-sf submarket boasts a 94.9% occupancy rate.
COLUMBIA, SC-The Bank of America Plaza is 88% leased, with Bank of America occupying 27% and Edens & Advant occupying 14%. Less than 40% of the building's rent roll expires over the next six years.
ORLANDO-Quadrangle 3850, a single-story property, is rising at the Alter Group's Concourse at Quadrangle, a 25-acre office park here. The office park is part of the Quadrangle Corporate Park, a 263-acre development.
CHARLOTTE, NC-The 322,882-sf Interstate Tower stands in the city's CBD. Tenants include Aon Service Corp., Bank of America, NA and the Charlotte City Club.
CHARLOTTE, NC-The 322,882-sf Interstate Tower stands in the city's CBD. Tenants include Aon Service Corp., Bank of America, NA and the Charlotte City Club.
TAMPA-Developer David Wasserman is waiting for approvals to add a residential component--with 250 units and 30,000 sf of retail--and to make improvements to the 300,000-sf retail property.