Regions Southeast
RIDA Development Buys Orlando Site
May 5, 2008

RIDA Development Corp. has acquired the 5.62-acre downtown Plaza site at 400 N. Orange Avenue, a city block bordered by Orange Avenue, Amelia Street, Livingston Street and the Linx bus station at the I-4 Amelia St. Exit in Orlando, Fla. The seller was Downtown Plaza L.L.C. The acquisition brings the company’s investments in Central Florida up approaching $1 billion.  RIDA Development plans to invest up to $250 million to develop a mixed-use hotel, retail and office project on the site.

 
Recent Southeast Headlines
Carlton Marketing, Selling $250M of Debt
May 22, 2008
Carlton Group is the exclusive advisor to market and sell $250 million of distressed debt and REO on behalf of two institutional clients, it has reported.
CBRE Named Exclusive Agent for New World Tower in Miami
May 22, 2008
CB Richard EllisInc. was named the exclusive leasing agent for New World Tower, the 30-story 280,000-square-foot office building, located at 100 N. Biscayne Blvd. in Miami, Fla.
Tech Firm Takes 131,000SF at Lake Mary Industrial Property
May 22, 2008
Fonon Inc. will join the tenant roster at 400 Rinehart Rd. in Lake Mary now that the semi-conductor manufacturer has signed a lease for nearly one-third of the 380,000-square-foot industrial building.
Work Gets Underway on New 215-Room Aloft Hotel in Aventura
May 22, 2008
Cabi Aventura Hotel L.L.P. and Aventura Development have just broken ground on a lodging facility in Aventura that will carry the flag of Starwood Hotels & Resorts Worldwide Inc.'s new aloft brand. Located about 17 miles from Miami, the 215-room property will also feature 5,000 square feet of meeting space.
Atlanta May Get Third Ritz-Carlton
May 21, 2008 - Source: Atlanta Journal Constitution
Marriott chief says his chain is considering a Midtown location.