The Orlando Business Journal reported that downtown Orlando’s most prominent retail property has sold under court order for a little more than half of what it last traded for just over a decade ago. Los Angeles-based RP Plaza Retail and…
The wrecking ball is coming for the Atlanta Medical Center. The Integral Group hired a contractor to tear down the Atlanta Medical Center. Integral and Wellstar Health System, the building owners, planning to replace the shuttered hospital with a mixed-use…
Adelaide Polsinelli, vice chairman, and Trystan Polsinelli, senior executive director of Compass Commercial, finalized the sale of a 16,000-square-foot retail condo with 160 feet of wraparound frontage located at 350 6th Ave., also known as 88 Washington Pl., on the…
AEW Capital Management acquired the Wellington Bay senior living facility for $100.13 million. The town is just west of West Palm Beach. Commercial Edge reports Area Management and ZOM Senior Living sold the 749,488-square-foot senior facility at 2590 Wellington Bay…
A Jacksonville-area river water planning district okayed a permit for Southbank to build a 125-slip marina at part of the RiversEdge project. Preston Hollow Community Capital’s massive, mixed-use project includes retail, office, restaurants, a hotel, hundreds of residential units and…
Hines, Affinius Capital and Columbia Development have secured a $191 million senior mortgage for Fenton, a 92-acre mixed-use district in the Cary submarket of Raleigh/Durham, North Carolina. Fenton is Cary’s first vertically integrated, mixed-use destination. Fenton, created in 2021, includes 246,000…
A judge approved the sale of Alamance Crossing, an 855,000-square-foot shopping center in Burlington, to Real Capital Solutions for $38.5 million. The Triad Business Journal reports that Alamance Crossing has faced financial troubles in the past few years. In 2023, the…
Insignia has acquired Parkside Terraces, a 20-acre Alpharetta office campus that sold for much less than the previous owner paid for it. The Atlanta Business Chronicle reports Insignia took title to the property for $15 million through a deed in…
Nine months after emerging from bankruptcy, retailer Joann Inc. has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to facilitate a sale process to maximize the value of its business. The Hudson, OH-based…
Northlake Mall opened in 1971, and like most malls from that era, few are still open at designed. Online shopping and COVID have forced most to reinvent themselves. And few have been hit as hard as Northlake. The Charlotte Business…
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