National
Smoothie Factory Expands in Tucson, Adds 6 Juice Bars in Arizona
The Smoothie Factory Juice Bar franchise commenced a major expansion program that kicks off with the addition of seven new locations in Arizona. The first store is already under construction at the University of Arizona. The company has awarded the multi-unit development agreement to franchisee John Wilfert, of JW Health and Fitness, LLC, who also owns the existing Smoothie Factory at 1st Avenue in Tucson.
Venue Apartment Community Acquired by Joint Venture
Carroll Organization has recently entered a joint venture with Bluerock Real Estate LLC to acquire Venue, a 306-unit Orlando multifamily property located on Central Florida Parkway, adjacent to John Young Parkway and State Road 528.
Norstar Wingate Community in Forest Park Sold, Awaits Repositioning
Norstar Wingate, a multifamily rental community in Forest Park, Georgia has recently sold for $3.4 million or $16,113 per unit, Franklin Street announced. AML GA 1001, LLC, a Florida investor group acquired the 211-unit property from a local investor, Jake Reid and Ricky Jones of Franklin Street represented the seller.
Downtown Dadeland Signs New Retail TenantsSigns New Retail Tenants
Downtown Dadeland has recently completed 33,000 square feet of new leases at its retail component. Five new tenants will join soon according to the new owners of the property.
Univeristy of Arizona Completes Phase One of Solar Testing Facility
Tech Parks Arizona recently celebrated the completion of Phase One of Solar Zone at the University of Arizona Tech Park. The project, a partnership between UA and Tucson Electric Power, is one of the largest multi-technology solar testing and demonstration sites in the world.
Insula Companies Grabs Two C-Fla Communities
Sarasota-based Insula Companies has recently announced two multifamily acquisitions. One of the properties is located in the Orlando Metropolitan Area in Kissimmee and the other in Lakeland, around halfway between Orlando and Tampa.
Hotel Urbano under New Ownership, HFF Represents Seller
Hotel Urbano at Brickell, a 65-key boutique hotel located on historic Brickell Avenue in Miami, Florida changed hands recently, Holliday Fenoglio Fowler announced. The hotel was offered with valuable development rights allowing for a 64-room (12,699 square feet) expansion on the site.
Mister Car Wash Opens New National HQ in Tucson
Mister Car Wash, the largest car wash company in the United States has opened its national headquarters recently, in mid-October.
Atlas Residential Picks Up Two Orlando Communities for $150M
Alexandria Parc Vue and Crowntree Lakes, two apartment communities in Orlando changed hands recently, Atlas Residential acquired the portfolio.
Steadfast Apartment REIT Acquires 696-Unit Portfolio
Steadfast Apartment REIT has recently picked up 696 apartment homes in North Gwinnett. The investment trust paid $98.5 million for the portfolio that is comprised of two adjacent communities originally constructed as stand-alone properties with 354, respectively 342 apartments.