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Commercial Real Estate

  • By Business Observer Staff
  • August 19, 2011
Health Care REIT buys Ridgelake hospital

Toledo, Ohio-based Health Care REIT Inc. purchased the 50,285-square-foot Hospital at Ridgelake for $22.5 million.

  • Manatee-Sarasota
  • By Business Observer Staff
  • August 19, 2011
Benderson Development buys Siesta Beach Plaza

University Park-based retail giant Benderson Development Co. LLC purchased the 6,829-square-foot Siesta Beach Plaza for $1.38 million.

  • Commercial Real Estate
  • By Business Observer Staff
  • August 19, 2011
Senior Housing Trust buys Lexington Manor

Newton, Mass.-based Senior Housing Properties Trust purchased the 82-unit Lexington Manor assisted-living facility for $12.33 million.

  • Charlotte–Lee–Collier
  • By Business Observer Staff
  • August 19, 2011
Altman Cos. receives financing to start Alta­s at Grand Cypress

The Boca Raton-based Altman Cos. reports it has acquired construction financing of a $18.4 million loan through City National Bank of Florida with equity provided through Sarofim Realty Advisors and Altman to develop a 258-unit rental community in New Tampa.

  • Tampa Bay-Lakeland
  • By Business Observer Staff
  • August 12, 2011
Nation's largest law school buys Riverview building

Lansing, Mich.'s Thomas M. Cooley Law School purchased a 131,278-square-foot warehouse/distribution facility in the Interchange Center business park for $4.9 million.

  • Tampa Bay-Lakeland
  • By Business Observer Staff
  • August 12, 2011
Manatee Rural Health Services moving to Palmetto B of A building

Manatee County Rural Health Services Inc. purchased the 27,000-square-foot Palmetto Bank of America building for $985,000. The price equated to $36 per square foot.

  • Manatee-Sarasota
  • By Business Observer Staff
  • August 12, 2011
Sarasota manufacturer Octex buys building for expansion

Octex LLC purchased its 33,116-square-foot manufacturing building for $1.9 million.

  • Manatee-Sarasota
  • 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
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