Orlando
Lingerfelt Picks Up 2 Fairfield Inns
The 170-key Fairfield Inn & Suites by Marriott Orlando Lake Buena Vista and the 139-key Fairfield Inn by Marriott Orlando Airport changed hands, following Lingerfelt CommonWealth Partners’ recent portfolio acquisition.
Colony Realty Partners Snaps Up High-End M-F Property
The 300-unit Art Avenue Apartment Homes community located at 10201 Lee Vista Boulevard changed hands recently, according to CBRE. The Orlando luxury apartment property was sold to an undisclosed firm for $47.05 million.
Ecoventures Wraps Year’s 2nd-Biggest Apartment Buy
CBRE Group has recently announced the sale of Sun Lake Apartment Homes in Lake Mary, Florida. Ecoventures Capital Fund, LLC acquired the 600-unit luxury apartment community for $66.25 million from a Harbor Group International affiliate that originally purchased the homes in 2012.
Owens Realty Buys 2 Office Buildings in East Orlando
Two of Quadrangle Corporate Park’s single-story office buildings totaling 82,175 square feet have a new owner following a $13,570,000transaction. The value of the acquisition translates as $165 per square foot.
Rosemont Apartment Complex Fetches $10.4 Million
Waterstone Apartments a 208-unit community changed hands for $10.4 million or $50,000 per unit, Franklin Street Real Estate Services announced in a recent news release.
Yet Unfinished, The Rialto Already Builds Tenant Base
Finishing touches are still underway at The Rialto, this however didn’t stop Wood Partners from putting the a 200-unit mixed-use apartment community on the market in October. The company already brought in 30 leases, according to a recent news release.
Nickelodeon Suites Resort Orlando Sold
In early December Urban Commons LLC purchased Nickelodeon Suites Resort Orlando hotel in Orlando.
Lincoln Plaza in CBD Orlando Changes Hands
The 16-story, 246,000-square-foot Lincoln Plaza in Orlando’s Central Business District was picked up recently by Highwoods Properties, Inc. The company funded the acquisition with proceeds from non-core dispositions, its ATM program and borrowings under its revolving credit facility. No debt was assumed in connection with this transaction. The total investment is expected to be $68.3 million.
Mixed Use Project in Line at Former Flea World Site
Sanford’s Flea World site facing US Highway 17/92 and Ronald Reagan Boulevard at County Home Road is up for a major redevelopment if the Seminole County Government approves the owner’s application to convert Flea World and additional parcels totaling 118 acres to a mixed use development comprising single family homes, apartments, office and retail space.
Clermont Rental Community Completes Renovations
Precision Building Construction has recently completed the renovation of the clubhouse and other amenities at Clermont’s The Carrington at Four Corners Apartments rental property.