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CBRE Tapped to Lease Lake Mary Portfolio

CBRE Tapped to Lease Lake Mary Portfolio

By Balazs Szekely, Associate Editor Banyan Street Capital and Oaktree Capital Management L.P. have put CBRE Group Inc. in charge of leasing at Primera Towers I, II and IV, a three-building Class A office portfolio in Lake Mary. Located at Crescent Executive Court and Primera Boulevard, the recently renovated properties…

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Hilton Picks Up 2 Neighbors, 1,500 Keys

Hilton Picks Up 2 Neighbors, 1,500 Keys

Hilton Worldwide has recently announced the acquisition of two Orlando facilities, the Waldorf Astoria Orlando and Hilton Orlando Bonnet Creek. The seller was a consortium including affiliates of GEM Realty Capital, Farallon Capital Management and Blackstone. The parties signed a transaction agreement in mid-February, a week before the actual acquisition…

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Buyer of Rosemont North Asset Gets $8.4M Fannie Mae Loan

Buyer of Rosemont North Asset Gets $8.4M Fannie Mae Loan

Florida Value Partners, a Florida-based single asset entity has received an $8.42 million Fannie Mae loan facility for the acquisition of The Park at Vittoria, an Orlando multifamily property previously known as Waterstone Apartments. The loan term is seven years with two years interest only, amortization based on a 30…

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Lingerfelt Picks Up 2 Fairfield Inns

Lingerfelt Picks Up 2 Fairfield Inns

The 170-room Fairfield Inn & Suites by Marriott Orlando Lake Buena Vista and the 139-room Fairfield Inn by Marriott Orlando Airport changed hands, following Lingerfelt CommonWealth Partners’ recent portfolio acquisition. The deal also included two Hilton properties in Atlanta, GA and another Marriott in Charlotte, NC, bringing the total number…

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Colony Realty Partners Snaps Up High-End M-F Property

Colony Realty Partners Snaps Up High-End M-F Property

The 300-unit Art Avenue Apartment Homes community located at 10201 Lee Vista Boulevard changed hands recently, according to CBRE. The Orlando luxury apartment property was sold to an undisclosed firm for $47.05 million.…

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Ecoventures Wraps Year’s 2nd-Biggest Apartment Buy

Ecoventures Wraps Year’s 2nd-Biggest Apartment Buy

CBRE Group has recently announced the sale of Sun Lake Apartment Homes in Lake Mary, Florida. Ecoventures Capital Fund, LLC acquired the 600-unit luxury apartment community for $66.25 million from a Harbor Group International affiliate that originally purchased the homes in 2012.…

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Owens Realty Buys 2 Office Buildings in East Orlando

Owens Realty Buys 2 Office Buildings in East Orlando

Two of Quadrangle Corporate Park’s single-story office buildings totaling 82,175 square feet have a new owner following a $13,570,000transaction. The value of the acquisition translates as $165 per square foot.…

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TODAY’S DEALS: Hunt Mortgage Provides $6M, Full-Term Interest-Only, Bridge Loan

TODAY’S DEALS: Hunt Mortgage Provides $6M, Full-Term Interest-Only, Bridge Loan

Hunt Mortgage Group announces that it has provided a $6 million bridge loan to refinance Sun Bay Apartments; and Colliers completes the sale of a 228-unit Class B property in Austin, Texas.…

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Rosemont Apartment Complex Fetches $10.4 Million

Rosemont Apartment Complex Fetches $10.4 Million

Waterstone Apartments a 208-unit community changed hands for $10.4 million or $50,000 per unit, Franklin Street Real Estate Services announced in a recent news release.…

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Yet Unfinished, The Rialto Already Builds Tenant Base

Yet Unfinished, The Rialto Already Builds Tenant Base

Finishing touches are still underway at The Rialto, this however didn’t stop Wood Partners from putting the a 200-unit mixed-use apartment community on the market in October. The company already brought in 30 leases, according to a recent news release.…

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Nickelodeon Suites Resort Orlando Sold

Nickelodeon Suites Resort Orlando Sold

By Balazs Szekely, Associate Editor In early December Urban Commons LLC purchased Nickelodeon Suites Resort Orlando hotel in Orlando, the Los Angeles-based buyer announced. The real estate investment company is focused mainly on income generating hospitality and residential assets, targeting value-add property acquisitions in highly populated, predictable markets.  Its list…

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Lincoln Plaza in CBD Orlando Changes Hands

Lincoln Plaza in CBD Orlando Changes Hands

The 16-story, 246,000-square-foot Lincoln Plaza in Orlando’s Central Business District was picked up recently by Highwoods Properties, Inc. The company funded the acquisition with proceeds from non-core dispositions, its ATM program and borrowings under its revolving credit facility. No debt was assumed in connection with this transaction. The total investment…

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