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Gramercy Pays $9.8 Million for Single-Tenant Warehouse in NW Orange County
New York-based investor Gramercy Property Trust, Inc. (NYSE: GPT) acquired a 146,566-square-foot warehouse fully-leased by Veritiv in Orlando, FL for $9.8 million, or about $67 per square foot. Gramercy acquired the industrial building located at 3200...

HGI Boosts 30,000-Unit National Multifamily Portfolio with $64.5M Purchase
Norfolk, VA-based Harbor Group International (HGI) purchased the 314-unit Alexan Crossroads apartment complex in Orlando, FL for $64.5 million, or about $205,000 per unit, strengthening its 30,000-unit national multifamily portfolio. HGI acquired the...

H&R REIT Agrees to Sell $633 Million U.S. Retail Portfolio
Pictured: A Home Depot in Strongsville, OH, one of 63 retail properties H&R REIT is expected to sell this June in a $633 million deal.Toronto-based H&R Real Estate Investment Trust said Monday it has entered into an agreement to sell 63 retail properties...

First Quarter Performance Shows US Apartment Market Coming Back to Earth
Pictured: Camden North Quarter in Orlando. The 333-unit property sold to Camden Property Trust in February for $80.75 million. Orlando has the highest forecast rent growth in the country, according to CoStar. The high-flying apartment sector, which...

Shopping and Entertainment Mecca in South Florida Nearing Final Approvals
American Dream Miami in northwest Miami-Dade County will feature 3.5 million square feet of retail space and 1.5 million square feet of destination entertainment.Credit: Triple Five Worldwide As South Florida awaits word on its chances to land Amazon...

Israeli Investor Acquires The Wymore for $17.9 Million
ROI Capital Group acquired the 200-unit The Wymore apartment complex in Altamonte Springs, FL for $17.9 million, or about $90,000 per unit. The Israel-based investor purchased the 16-building community from locally-based Cross Florida Management Corp...

McCraney to Develop 653,000-SF Spec Industrial Park in Ocoee
McCraney Property Co., a West Palm Beach, FL-based investor, acquired a 43.9 acre site in Ocoee, FL to develop Distribution 429, a 652,696-square-foot speculative industrial park. With construction slated to begin later this month, the complex will...

Passco Bolsters Southeast Presence with New Office in Orlando
Passco Cos., an Irvine, CA-based real estate investment firm, is strengthening its Southeast presence with the addition of an Orlando, FL office. In part of its expansion, Brooks Foy was tapped to lead the firm’s new office. In addition to growing...

Orchid Medical Picks Up 36,000-SF Thornton Park Office Bldg. in Downtown Orlando
Orchid Medical, a locally-based medical equipment company, purchased a 36,426 square-foot office building at 622 E. Washington St. for $7.9 million, or about $46 per square foot, from Ustler Development. The medical equipment provider plans to occupy...

Horizon Realty Pays $23.3M for 384-Bed Student Housing Complex in Southeast Orlando
Seattle-based Horizon Realty Advisors acquired the 384-bed The Quad, a student housing complex for the University of Central Florida (UCF) from Atlanta-based Chance Partners for $23.25 million, or about $61,000 per bed. Located at 10200 University...

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