Southeast

Orange County Executive Steven Neuhaus reported on Wednesday evening that Great Wolf Resorts, Inc. of Madison, WI is considering building a major indoor water park resort in southern Orange County.

North Ranch Gateway was originally built in 1989 and recently underwent significant renovations, according to the Sterling Organization. The property was purchased on behalf of Sterling Organization's recently launched institutional fund, Sterling Value Add Partners III, LP.

The deal for the 96-room hotel calculated out to approximately $217,000 per room and increases Chatham's presence in this suburb of Charleston.

The property formerly served as an R&D and manufacturing hub for Raytheon, but has been transformed into a modern multi-tenant campus via substantial capital investment throughout the past 10 years.

Rubenstein's business plan calls for the creation of walking connections to a new retail center currently being built adjacent to the Research Plaza property, which will help tenants access the new retail amenities at the complex.

Atlanta's low cost of living vs. the Northeast and the Midwest and a business-friendly government and regulatory environment are driving economic growth, says Transwestern's Bruce Ford.

The Port Washington, NY-based REIT acquired a 99-year leasehold in the 62,000-square-foot shopping center at Minnesota Avenue and Benning Road that includes a purchase option.

Gordon, who has been associated with the FCEDA since 1983 and has led the authority since 1987, will serve as a fellow in the College of Charleston's (SC) Joseph P. Riley Center for Livable Communities beginning in January 2018.