REO Multifamily Still Getting Worked Out

March 27, 2015

An REO multifamily community in Saint Petersburg, FL has been worked out. The 16-unit apartment complex traded for $180,000. The sale price represents $11,250 per unit and $26.16 per square foot.

Retailers could thrive in redeveloped Jacksonville Landing

When Carrie Smith, a retail real estate broker, saw the conceptual redesign renderings of the Jacksonville Landing, she immediately wanted to get the information in front of several of her clients.

Brand New Burger King Wins Cash Buyer

A 3,220-square-foot Burger King with a corporately-guaranteed ground lease has traded hands. The net leased asset sold for $1.2 million in an all-cash transaction.

Two Westchase area apartments fetch nearly $80 million

Two northwest Hillsborough County apartment properties totaling 670 units have sold for a combined $78.2 million, records show.

Schmooze-A-Rama

At our Bisnow 2014 Atlanta Forecast, we met up with Franklin Street Real Estate Services’ Ricky Jones fresh from brokering the sale of the Ponce De Leon Hotel. Nazar Properties purchased the 58-room, 19k SF extended-stay hotel for an undisclosed sum from the long-time family who owned it.