National
JV Launches Luxury M-F Project
The Kislak Organization, Courtelis Company and HMG/Courtland Properties broke ground on Murano at Grande Lakes on Tuesday, May 26. The $33.6 million 240-unit luxury apartment home community is being built on a 9.53‑acre metro Orlando site at the southeast quadrant of John Young Parkway’s intersection with Taft‑Vineland Road. Forum Architecture and Interior Design set out the plans and Roger B. Kennedy, Inc. has been hired as the general contractor for the project. Wells Fargo provided the construction financing.
PARAMOUNT Fort Lauderdale Beach Over 60 Percent Sold Out
PARAMOUNT Fort Lauderdale Beach, a 95-unit luxury oceanfront condominium development has more than 60 percent of its residences under contract, as announced by OneWorld Properties, the project’s exclusive brokerage.
I-Drive Retail Center Changes Hands
International Drive Value Center, a retail center near Universal Orlando Resort and Wet ‘n Wild Orlando, was sold recently, according to a written announcement released by Holliday Fenoglio Fowler.
Arizona’s First Fisher House Providing Free Veterans’ Housing Breaks Ground in Tucson
Leadership from the Southern Arizona VA Health Care System, Fisher House Foundation, government and business leaders, Veteran Service Organizations along with community members celebrated the official ground breaking ceremony of the new Arizona Fisher House. The facility will provide free temporary housing to families of eligible veterans and military service members who are being treated at the Tucson VA or any other medical facility in Tucson.
Crescent Howell Mill Completed and Sold as Part of $700M Portfolio
Crescent Communities has completed construction and closed on the sale of Crescent Howell Mill. The 256-unit luxury apartment community in Atlanta was sold to affiliates of Boston-based Berkshire Group. The project is the only residential component of Howell Mill, an 8-acre mixed-use development featuring shops and boutique restaurants with garden courtyards.
Royal Palm Office Park Finalizes Six Leases Amid Complete Renovations
Royal Palm Office Park has completed six leases recently, totaling more than 55,400 square feet. The transactions include five lease renewals with current occupants and one new contract with a new tenant, financial terms were not disclosed. Blanca Commercial Real Estate represented the landlord, an affiliate of Lincoln Property Company, while brokers with CBRE, JLL and Cresa spoke for four of the lessees in the transactions – the other leases did not involve co-brokers.
Hartsfield–Jackson Area Warehouse Reaches Full Occupancy
Two new tenants have signed leases at the 278,000 square foot industrial building under 2000 Southpoint Drive in Atlanta, Liberty Property Trust announced in a press release issued in early May. UPS Supply Chain Solutions, Inc. and Southwest Surplus, Inc. occupied a total of 80,000 square feet. Liberty Property Trust owns the asset and the company was represented by Jones Lang LaSalle’s team of Vice President Rodney Davidson and Associate Reed Davis in both transactions. The two deals brought the building to 100% occupancy.
HFF Lands Financing for Upscale Winter Garden Project
HFF has arranged financing for the Windermere Cay multifamily property in Winter Garden.
Local Group Buys 22,289 SF Downtown Parking Lot for $1.78M
A parking lot at the intersection of Broadway Boulevard and Stone Avenue in Tucson changed hands recently. Swain Chapman, Owner and Managing Member of Chapman Management Group sold the property to a team of Tucson-based investors. Art Wadlund of Hendricks & Partners and President Rob Caylor of Robert Caylor Construction Company acquired the 22,289-square-foot asset for $1.78 million, or $80 per square foot, according to Real Estate Daily News. As licensed real estate brokers, bothparties represented themselves in the transaction.
KBS Realty Closes on 189K SF Financial Center at the Gardens
Financial Center at the KBS Realty Advisors of Newport Beach, Calif. has picked up a 188,772 square-foot Class A office building from institutional investors advised by JP Morgan Asset Management.