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Commercial Real Estate

  • By Business Observer Staff
  • August 12, 2011
Cole REIT buys part of Forum at Fort Myers

Phoenix-based Cole Credit Property Trust III (Cole REIT III) purchased 185,799 square feet of retail space in The Forum at Fort Myers for $34.25 million.

  • Charlotte–Lee–Collier
  • By Business Observer Staff
  • August 12, 2011
Grandtag Madison Realty LLC buys The Palms of Punta Gorda

Pasadena, Calif.-based Grandtag Madison Realty LLC purchased the 56-unit The Palms of Punta Gorda assisted-living and dementia-care facility for $4 million.

  • Commercial Real Estate
  • By Business Observer Staff
  • August 12, 2011
Aventura investor group buys Villa of Venezia Land, Units

Miami-area investors David Bernstein, Howard Weinberg and Dolores Warren purchased 44 condominium units in the Villas of Venezia condominium and 11 acres of vacant land for $2 million.

  • Commercial Real Estate
  • By Business Observer Staff
  • August 12, 2011
TJM Properties buys, renovating St. Pete-Clearwater Airport Inn

Clearwater-based real estate firm TJM Properties purchased the 118-room St. Pete/Clearwater Airport Inn for $800,000.

  • Commercial Real Estate
  • By Business Observer Staff
  • August 12, 2011
Union, N.J., investors buy Tamiami Trail CVS land

Investors Bernardino and Maria Simones of Union, N.J., purchased 1.3 acres of land housing a 15,143-square-foot CVS/pharmacy building for $2.63 million.

  • Commercial Real Estate
  • By Business Observer Staff
  • August 12, 2011
DeBartolo Development buys land in Chicago suburb

Tampa-based DeBartolo Development LLC purchased 3.5 acres of vacant land next to the Tinley Park, Ill., convention center.

  • Commercial Real Estate
  • By Business Observer Staff
  • August 5, 2011
CarMax Auto Superstores buys Naples Saturn dealership

Richmond, Va.-based CarMax Auto Superstores Inc. purchased the 4.19-acre former Saturn dealership and an adjacent 1.33-acre parcel for a total of $3.97 million.

  • Charlotte–Lee–Collier
  • By Business Observer Staff
  • August 5, 2011
Apartment firm CAPREIT buys Sabal Palm at Carrollwood

Rockville, Md.-based CAPREIT purchased the 432-unit Sabal Palm at Carrollwood apartment complex for $39 million.

  • Tampa Bay-Lakeland
  • By Business Observer Staff
  • August 5, 2011
Louisiana investor group buys Puritan Place Apartments

An investor group headed by Richard Beaullieu of Lafayette, La. purchased the 232-unit Puritan Place Apartments for $4.06 million.

  • Tampa Bay-Lakeland
  • By Business Observer Staff
  • August 5, 2011
Grubb & Ellis Healthcare REIT II buys Maxfield Medical building

Grubb & Ellis Healthcare REIT II Inc. purchased the 41,000-sqaure-foot Maxfield Medical Office Building for $7.2 million.

  • Manatee-Sarasota
  • By Business Observer Staff
  • August 5, 2011
DeBartolo Development buys second Chicago-area center

Tampa-based DeBartolo Development LLC has purchased a portion of Bradley Commons, a 500,000-square-foot regional power center in Bradley, Ill.

  • Commercial Real Estate
  • By Business Observer Staff
  • August 5, 2011
Canada's Terracap Group buys Bee Ridge development site

A sub-company of Toronto, Ontario-based Terracap Group purchased a 40.74-acre master-planned property on both sides of Mauna Loa Boulevard north of Bee Ridge Road for $3.2 million.

  • Tampa Bay-Lakeland
  • By Business Observer Staff
  • August 5, 2011
Cameratta Cos. starting The Preserve at Corkscrew

Cameratta Cos. LLC recently announced plans to kick off construction of The Preserve at Corkscrew, a 510-acre residential development in Estero.

  • Commercial Real Estate
  • By Jean Gruss
  • July 29, 2011
Loading Docks

The recession emptied industrial buildings on the Gulf Coast as tenants vacated millions of square feet of space. Now there are signs the trend is reversing.

  • Commercial Real Estate
  • By Business Observer Staff
  • July 22, 2011
Miami-based LLC buys Southpoint offices

Miami-based B Developments LLC purchased the 63,812-square-foot Southpoint at Breckenridge Park office building for $2.4 million.

  • Tampa Bay-Lakeland
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