National
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.
Adaptive Reuse of the FLATS at Ponce City Market Nearing Completion
The adaptive reuse project including historic renovations of the formally named Sears, Roebuck & Company building is nearing completion. The landmark’s uppermost seven floors at the east and west wings were affected mostly, creating the new FLATS at Ponce City Market. Stevens & Wilkinson was in charge of the new design – the company is a full-service commercial architecture, engineering and interior design firm based in Atlanta and Columbia, S.C., New York-based Fogarty Finger contributed to the interior design.
Mixed-Use Center Signs Lease with Tropical Smoothie Café for 10 Years
The two-building Gateway Plaza at Doral is currently underway.
The Pinnacle, Two Live Oak Acquired by Brookdale Group Investment Fund
Two Buckhead office towers changed hands recently, The Brookdale Group announced in a news release. The Atlanta-based privately held commercial real estate investment company’s newly formed seventh fund purchased the properties from TIAA-CREF for a combined $201 million. Cushman & Wakefield’s Capital Markets team of Atlanta represented the seller during the negotiations with Executive Directors David Meline and Stewart Calhoun, Senior Director Samir Idris and Brokerage Services Director Casey Masters in charge.
Associa Brings Its Community Management Services to Tucson
Community association management firm Associa has recently introduced Associa Arizona by opening its newest location in Tucson, on January 26.
Coastal Construction Group to Build 25-Story South Tower for Condo Project
The same contractor will be in charge of construction at the second tower of the Marina Palms Yacht Club & Residences condo project that was assigned to build the first one back in 2013, according to the developers.
Stearns Weaver Miller Expands HQ, Signs Record Lease
Continental Real Estate Companies has landed the largest lease of 2014 in Miami’s Central Business District. Stearns Weaver Miller renewed its contract at Museum Tower for 10 years and expanded the footprint of its headquarters by 7,000 square feet. The law firm now occupies 110,000 square feet in the Class-A office building at 150 West Flagler Street.
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.
HSL Properties to Sell Portion of 383-Acre Hilton Property it Acquires
Hilton El Conquistador Golf & Tennis Resort and the El Conquistador Country Club is now part of HSL Properties’ hospitality portfolio following a recent acquisition closed by CBRE Hotels. The brokerage group represented the seller, New York City-based MetLife, and the team negotiating the transaction included Jerry Hawkins, S. Douglas Henkel, Lewis C. Miller, Andy Wimsatt and Jeff Woolson. The deal including an additional 18 acres of developable land on Oracle Road was worth $15 million.