Orlando

The deal marks the second acquisition for The Michaelson Group this month in the City of Temple Terrace.

We're seeing owners look more closely at a concepts business model and giving more weight to those concepts that are creating a sense of community for their shoppers.

“We see this capitalization as an opportunity to usher in the next era of growth for Legacy Partners,” says Legacy Partners CEO W. Dean Henry.

The venture has announced that its first project will be in Coral Gables at 250 Bird Road, bounded by Aurora Street, Altara Avenue and Salzedo Street. Construction on the project is expected to start in mid-2020 and to be complete within two years of the start of construction.

The deal increases Blue Magma's Atlanta area portfolio to 3,000 value-add units purchased by the firm in less than four years at a cost in excess of $133 million.

The ownership of the storied building and brokerage firm JLL have announced the City Council has approved the redesign of its grown-floor space, which is part of the building's overall repositioning.

In addition to Cinemark's theatre, phase two of Atlantic North will involve an additional 300,000 square feet of space to the property.

Herrera tells Globest.com the specific market dynamics that are keeping South Florida in such high demand with local, domestic and international players and what investors can expect in 2019.