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DCT Industrial Sees Strong Leasing Activity in Memphis
DCT Industrial Trust Inc., a Denver-based industrial REIT, has signed more than 770,000 square feet of leases in Memphis, including two companies that expanded and a new client.
Lenox Park Wells REIT II Buys Atlanta Office Campus in AT&T Sale-Leaseback
Wells REIT II has acquired a five-building, 1 million-square-foot office campus in the Buckhead submarket of Atlanta, through a long-term sale-leaseback with AT&T. The campus will headquarter AT&T Wireless' operations in the city. The transaction's terms were not disclosed.
117,000SF of Premier Office Condo Space to Hit Auction Block
Office condominium space totaling about 115,000 square feet at The Plaza, a mixed-use project in downtown Orlando featuring 394,000 square feet of office condo space and 105,000 square feet of retail in two, circular towers, will hit the block this Thursday, May 15.
Shops at Boca Grove to Welcome Organic Market
Ada's Natural & Organic Foods Supermarket & Deli will soon have a home at the Shops at Boca Grove, now that it has signed a lease with Woolbright Development to occupy 14,000 square feet at the 77,000-square-foot neighborhood shopping center.
Orlando Sanford International Airport to Join Model Ports Initiative
Orlando Sanford International Airport is one of 20 gateway airports nationwide selected to join the U.S. Customs and Border Protection’s Model Ports Initiative, a joint venture that includes federal agencies, the travel industry, airlines and airport authorities.
N3 Launches Big Box Initiative
N3 Real Estate has announced its entry into the big box development field.
KBR to Acquire BE&K for $550M
KBR, a Houston-based global engineering, construction and services company, has announced that it will acquire BE&K Inc., a privately held, Birmingham, Ala.–based engineering, construction and maintenance services company, in a transaction valued at $550 million.
Orlando Hotel Sold
The 507-room Holiday Inn SunSpree Resort has just been snapped up by Vista Hospitality Co.  according to the Orlando Business Journal.
Sea World Station Valero Acquires Albertson’s Gas Stations in Southwest
Taking advantage of the availability of a collection of convenience stores and fueling kiosks in an already familiar market, Valero has acquired 72 Albertson’s sites for an undisclosed amount.
Summit Management Leases Office Space in Allentown
Summit Management and Realty Co. has completed two office leases totaling 3,000 square feet in Allentown, Va.
Jury awards $67 million in Florida Eminent Domain Case
In an eminent domain proceeding that began just after Florida tightened its eminent domain laws, a jury has awarded $67 million to Keystone Coal, according to Brigham Moore L.L.P., the law firm representing the firm.
Falcon Buys Heidelberg's Suburban Atlanta HQ in $23M Sale-Leaseback
Acting on behalf of a private overseas investor, Falcon Real Estate acquired the headquarters of Heidelberg U.S.A. in Kennesaw, Ga., for $23 million as part of a 1031 Exchange.
Upscale 259-Room Tampa Sheraton Comes Under New Ownership
A joint venture consisting of Square Mile Capital Management L.L.C. and Davidson Hotel Co. has acquired the 259-room Sheraton Suites Tampa Airport/Westshore. Host Realty Partnership L.P. sold the Tampa, Fla.-property just two years after having acquired it as part of a $4 billion, 35-hotel portfolio acquisition from Starwood Hotels and Resorts in April 2005.
Master Planner Picked for Denver-Area Retail Project
Plans for the Dacono Gateway Centre between Denver and Boulder, Colo., have come closer to fruition with the selection of a firm to design the project's master plan. Denver-based Norris Design got the nod recently from the developer, Orlando-based Jupiter USA. The project will encompass more than 500,000 square feet of retail, hotel, restaurant and office space on 132 acres, according to Jupiter USA.
RIDA Development Buys Orlando Site
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.
72-Acre Biloxi-Area Purchase Paves Way for 700,000SF Shopping Center
The development of The Promenade, a 700,000-square-foot power center in D'Iberville, Miss., has taken a big step forward now that project developers CBL & Associates Properties Inc. and Forum Development Group L.L.C. have acquired 72 acres in the Gulf Coast community.
NTS Sells Louisville Office Portfolio for $56M
NTS Realty Holdings L.P. has announced the sale of several of its commercial office buildings in Louisville, Ky.
Adler Financial Sells Virginia Office Building
Adler Financial sold 4221 Walney Road, a 28,161-square-foot office building located near the intersection of Highway 50 and Route 28 in Chantilly, Va.,   to a small group of private investors.
Hunsaker Joins Grubb & Ellis as EVP, Business Development
Grubb & Ellis Co., said today that Brett Hunsaker has joined the company as executive vice president of business development, effective immediately.
Orlando Office Leased to Health Care Administrator
Bavar Properties Group, a privately-held commercial real estate firm, has completed leasing of its first Florida development project near Orlando.
GMH Military Housing Division Bought by Balfour Beatty
Balfour Beatty Group has completed acquisition of the military housing division of GMH Communities Trust for $350 million, it has reported.
Avalon Church and Community Center to Open in Orlando
Avalon Church and community center, a nondenominational community church in Avalon Park in east Orlando, will open its church and community center facility in downtown Avalon Park in July.
First Financial Markets $400M in M-F Loans
It's a sign of the times. Acting on behalf of a top banking institution, First Financial Network Inc. has just commenced an offering of more than $400 million in real estate loans on multi-family properties in the South and Southeast.
Miami Office Building Sold for $50M
CBRE Capital Markets has arranged the $50 million sale of One Riverview Square, a class A eight-story office building totaling 147,895 square feet located in Miami, Fla.
Paces Ferry Center Sold in Atlanta
Manhattan Peachtree Properties L.L.C. acquired Paces Ferry Center, a 20,930-square-foot infill strip center in Atlanta, Ga., the company announced today.
 
Atlanta
Lenox Park Wells REIT II Buys Atlanta Office Campus in AT&T Sale-Leaseback
Wells REIT II has acquired a five-building, 1 million-square-foot office campus in the Buckhead submarket of Atlanta, through a long-term sale-leaseback with AT&T. The campus will headquarter AT&T Wireless' operations in the city. The transaction's terms were not disclosed.
Despite Foreclosure, Mixed-Use Developer to Continue With Project
Hedgewood Commercial Properties will continue to develop Woodstock Downtown near Atlanta, though the lender has foreclosed on its note.
Falcon Buys Heidelberg's Suburban Atlanta HQ in $23M Sale-Leaseback
Acting on behalf of a private overseas investor, Falcon Real Estate acquired the headquarters of Heidelberg U.S.A. in Kennesaw, Ga., for $23 million as part of a 1031 Exchange.
 
Miami
Shops at Boca Grove to Welcome Organic Market
Ada's Natural & Organic Foods Supermarket & Deli will soon have a home at the Shops at Boca Grove, now that it has signed a lease with Woolbright Development to occupy 14,000 square feet at the 77,000-square-foot neighborhood shopping center.
Orlando Sanford International Airport to Join Model Ports Initiative
Orlando Sanford International Airport is one of 20 gateway airports nationwide selected to join the U.S. Customs and Border Protection’s Model Ports Initiative, a joint venture that includes federal agencies, the travel industry, airlines and airport authorities.
Uncertain Future for Historic Miami Hotel
The Royal Palm hotel in South Beach has a great location, but has been a nightmare for investors, according to the Miami Herald.
 
Orlando
117,000SF of Premier Office Condo Space to Hit Auction Block
Office condominium space totaling about 115,000 square feet at The Plaza, a mixed-use project in downtown Orlando featuring 394,000 square feet of office condo space and 105,000 square feet of retail in two, circular towers, will hit the block this Thursday, May 15.
Orlando Sanford International Airport to Join Model Ports Initiative
Orlando Sanford International Airport is one of 20 gateway airports nationwide selected to join the U.S. Customs and Border Protection’s Model Ports Initiative, a joint venture that includes federal agencies, the travel industry, airlines and airport authorities.
Orlando Hotel Sold
The 507-room Holiday Inn SunSpree Resort has just been snapped up by Vista Hospitality Co.  according to the Orlando Business Journal.
 

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