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Orlando Fashion Square Mall Trades for $35M; Duke Realty Closes Five Notable Leases

Orlando Fashion Square Mall Trades for $35M; Duke Realty Closes Five Notable Leases

By Georgiana Mihaila, Associate Editor Pennsylvania Real Estate Investment Trust is pursuing its previously announced strategy of improving the quality of its portfolio by selling non-core assets. One of the first non-core assets to trade is Orlando Fashion Square Mall, recently sold in a $35 million cash transaction. “The sale…

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Wood Partners Kick-Starts 200-Unit Community in Southwest Orlando

Wood Partners Kick-Starts 200-Unit Community in Southwest Orlando

National multifamily developer Wood Partners will soon be adding 200 units on Spring Lake, at the entrance of Doctor Phillips, one of Orlando’s most desirable residential districts. The apartment complex, dubbed The Rialto, will rise on a 5.95-acre site set at the northwest corner of Sand Lake Road and Turkey…

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Highwoods Sells Two Assets for $14.6M; Kite Realty Buys Publix-Anchored Center

Highwoods Sells Two Assets for $14.6M; Kite Realty Buys Publix-Anchored Center

Raleigh-based Highwoods Properties, Inc. has sold two non-core assets in Orlando for $14.6 million in cash. The two office properties—Metrowest Commerce Center and Cambridge in Orlando—encompass 134,000 square feet.…

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718-Room Radisson Resort Orlando Trades, Prepares for Immediate Renovation

718-Room Radisson Resort Orlando Trades, Prepares for Immediate Renovation

Radisson Resort Orlando – Celebration is now a member of the Interstate family, as a joint venture between Interstate Hotels & Resorts and Waramaug Hospitality LLC has recently acquired the 718-room hotel for an undisclosed amount.…

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Loews & Universal Break Ground on 1,800-Room Cabana Bay Beach Resort

Loews & Universal Break Ground on 1,800-Room Cabana Bay Beach Resort

By Georgiana Mihaila, Associate Editor Loews Hotels & Resorts and joint venture partner Universal Parks & Resorts have broken ground on one of the largest hotels currently under construction in the U.S—the 1800-unit Universal’s Cabana Bay Beach Resort. The hotel will be built on a 37-acre site within Universal Orlando…

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Orlando University Center’s $33M Sale was 2012’s Second Largest Office Deal

Orlando University Center’s $33M Sale was 2012’s Second Largest Office Deal

Crocker Partners’ $33 million acquisition of the Orlando University Center office park in late December proved itself to be the second-largest office investment sale in Orlando for 2012. The acquired portfolio includes five suburban office buildings—totaling 386,512 square feet on 27.12 acres—at 3452, 3504 and 3505 Lake Lynda Blvd., and…

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UCF Starts Renting Units at the $55M NorthView Student Housing Project

UCF Starts Renting Units at the $55M NorthView Student Housing Project

With opening set for Fall 2013, UCF Housing and Residence Life is now taking applications to rent units in the $55 million NorthView student housing project. Currently under development just across McCulloch Rd. from the UCF campus and Bright House Networks Stadium, the apartments are being developed by Alan Ginsburg…

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GDC-Developed M-F Project to Deliver Eco-Friendly, Luxury Units to Downtown Orlando

GDC-Developed M-F Project to Deliver Eco-Friendly, Luxury Units to Downtown Orlando

The 2.6-acre site at North Orange Avenue and Marks Street will no longer stay vacant, as developer GDC Properties has recently broken ground on a $35.9 million, eco-friendly multifamily development.…

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Retail Phase of 14.5-Acre Mixed-Use Development Underway, Multifamily and Office to Follow

Retail Phase of 14.5-Acre Mixed-Use Development Underway, Multifamily and Office to Follow

DeBartolo Development, LLC and Forge Capital Partners, LLC have recently broken ground on The Fresh Market at Mills Park—the first phase of a 14.5-acre mixed-use development that will rise at the intersection of Mills Avenue and Virginia Drive in Orlando.…

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Three Orlando-Area MOBs Part of $322M Portfolio Acquired by Duke Realty

Three Orlando-Area MOBs Part of $322M Portfolio Acquired by Duke Realty

In one of the largest medical office building portfolio transactions, Duke Realty paid $332 million for 14 properties in six states. Seller Seavest Healthcare Properties LLC has divested two of its early discretionary funds in the transaction which included assets totaling more than 1.2 million square feet.…

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University Shoppes Demolition to Make Way for Student Housing Complex

University Shoppes Demolition to Make Way for Student Housing Complex

The 25-year-old University Shoppes retail center across from University of Central Florida’s main entrance is set for demolition, as American Campus Communities will soon be replacing it with a new student housing complex.…

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Highpoint Club Apartments Trade in $30 Million Deal

Highpoint Club Apartments Trade in $30 Million Deal

Tampa-based Robbins Property Associates has now assumed ownership of Highpoint Club Apartments in Orlando, following a $30 million deal. The price amounts to $86,207 per unit.…

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