National
Grover & Corlew Acquires 175-KSF Delray Beach Office Park
The Arbors Office Park in Delray Beach was picked up recently by Grover & Corlew, LLC for $20.15 million, according to a recent news release. 1615 Arbors North Associates, LLC and 1625 Arbors South Associates, LLC sold the two-building, 174,816-square-foot portfolio and CBRE spoke for the sellers in the transaction.
Carter-Haston Takes Port Orange M-F Asset
A new, 306-unit luxury neighborhood located in Port Orange changed hands recently, CBRE Capital Markets announced.
Second Value Place Extended-Stay in Atlanta Opened
Value Place announced the grand opening of its second location in the greater-Atlanta metro area. The newly constructed 124-room extended-stay hotel is located at 2877 Dresden Drive in the Chamblee submarket; the event was held on Wednesday, April 1. This is the brand’s ninth facility in Georgia.
New Retail Center Coming Soon to Southeast Tucson
Retail options at the Rita Ranch master planned community in Tucson’s southeastern precinct will broaden in the near future as site work has recently begun on a new shopping and restaurant hub. The shopping complex is being built on a 17-acre parcel at the northwest corner of Houghton and Old Vail Roads, across from Houghton Towne Center and approximately 1.5 miles from Interstate 10.
Duke Realty Breaks Ground on First Building of Pembroke Pines Office Park
Construction works have recently started on a new four-story office building in Pembroke Pines, Duke Realty Corporation’s South Florida office announced.
New Hospital Opens in South Hall County
Northeast Georgia Health System announced the opening of a brand new South Hall County hospital. The 100-bed facility is located at 1400 River Place in Braselton, about 40 miles northeast of Atlanta.
Waterton Associates Picks up Baldwin Park-Area Community
The 212-unit Promenade Crossing garden-style apartment community changed hands recently, Waterton Associates, LLC announced. The acquisition marks the sixth addition to the Chicago-based real estate investor and operator’s Florida portfolio and it is their second property acquired this year.
Banco do Brasil Americas Adds 3 New Branches in SoFla
Miami-based Banco do Brasil Americas has signed leases for three new South Florida branches. The offices are located in Lighthouse Point, Aventura and one that is already in use in Doral. Senior Vice President Luciana Carvalho of Blanca Commercial Real Estate finalized the lease transactions with Banco do Brasil Americas. Financial terms of the agreements were not disclosed.
Tucson International Airport begins $15M-$20M Terminal Upgrade
The Tucson Airport Authority has selected Sundt Construction, Inc. as construction manager at risk for a terminal optimization program at the Tucson International Airport. The project is expected to begin in late 2015 and the construction cost is budgeted at $18-23 million.
Cardinal Point Buys Orlando Asset
A 42,277-square-foot Class A office property located at 7208 W. Sand Lake Road in Orlando was recently acquired by Cardinal Point Management, LLC, a Tampa Bay investment and property management firm. CBRE’s Ronald J. Rogg and Edward Wooten arranged the sale of the three-story building and represented the seller, a Highwoods Properties affiliate in the transaction. The acquisition price was not disclosed.