National
Redyns Development Buys Northwest Tucson Medical Building; St. Rudasill Road Clinic Receives QOPI Certification
An 11,036-square-foot medical building located at 1620 W St. Mary’s Road in Tucson changed hands recently. St. Mary’s Silverbell Building, LLC sold the building to Redyns Development with a leased fee interest in the land owned by Carondelet for $2.9 million, according to Real Estate Daily News.
Nickelodeon Suites Resort Orlando Sold
In early December Urban Commons LLC purchased Nickelodeon Suites Resort Orlando hotel in Orlando.
Ridgeline Property Group Builds 714.5-KSF Industrial Property in McDonough
Ridgeline Property Group has recently announced to develop an industrial speculative building in McDonough, encompassing 714,560 square feet. Clarion Partners will be RPG’s capital partner for the project.
Robert DeNiro, Chef Nobu and Meir Teper Bring Back the Eden Roc to Miami Beach
Nobu Hotel at Eden Roc Miami Beach opens its gates to the public in the second half of next year according to a recent announcement released by Nobu Hotels and Eden Roc Miami Beach. Academy award-winner Robert DeNiro, Hollywood producer Meir Teper and Chef Nobu Matsuhisa are the owners and brand visionaries behind the project that’s main objective is to revitalize and re-launch the Eden Roc name and property.
HSL Properties Breaks Ground on $46M Encantada at Tucson National
Following the recent years’ success on Southern Arizona’s luxury apartment market, HSL Properties, Inc. completes its portfolio with Encantada at Tucson National. The company broke ground on the new multifamily property in early December.
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.
The Clairmont Changes Hands, Rebrands as Madison Brookhaven
By Balazs Szekely, Associate Editor The 288-unit The Clairmont multifamily community in Atlanta was recently picked up by affiliates of Equus Capital Partners, Ltd., the company announced. The property has been renamed Madison Brookhaven, the acquisition was made on behalf of a discretionary fund managed by Equus, BPG Investment Partnership IX, LP commonly referred to […]
Miami Worldcenter Developers Outline Construction Timeline for Phase One
Miami Worldcenter developers have outlined an initial construction timeline for the first phase shortly after the City of Miami unanimously approved the zoning package and development agreement. Spread over 27 acres in downtown Miami, it is one of the largest private real estate developments currently underway in the nation.
Purcell Tire and Service Center Opens New Location in Tucson
Purcell Tire and Service Center expands with its third location in Tucson at 1515 East Ajo Way. The company hosted a grand opening and ribbon cutting ceremony with Mayor Jonathan Rothschild and company executives Bob and Juanita Purcell on Thursday December 4.The event included prize drawings, lunch and tours of the new tire service facility.
The Alhambra in Coral Gables Signs New Tenant
Last week we reported about Pipeline Workspaces, a national high-design shared office space concept signing a lease for 14,000 square feet at 95 Merrick Way, part of The Alhambra property. Now, according to CBRE’s recent written announcement, the adjacent Alhambra office tower is also soon to welcome a new tenant, Fiduciary Trust International of the South.