Wednesday, October 1, 2008

Developments in...


The Related Group completed the Icon Brickell in Miami. The complex offers 1,794 residential units, 100-room boutique hotel, five restaurants, and a movie theater. Kor Hotel Group operates the hotel and Arquitectonica International Corp. is the hotel’s designer. Source: CPN

DuPont donated sheets of its Corian® material to help create a high-tech gathering place for hospitalized children and teens at Wolfson Children’s Hospital in Jacksonville. Thomas F. Schuler is the vice president and general manager of DuPont Building Innovations. Corian® meets all 18 preferred characteristics of the ideal surfacing product to help facilitate infection control as defined in the American Institute of Architects: Guidelines for Design and Construction of Health Care Facilities. Source: TFM

RTKL Associates Inc. of Coral Gables has completed the presidential suite at the Ritz-Carlton Palm Beach. RTKL principal, Gina Goodin was involved in the project. Source: Hospitality Design

The Lynd Co. of San Antonio, TX, has expanded into South Florida. Andrew Ginsburg is the new regional office’s Regional VP. Source: CPN

Sunstone Hotels Investors Inc. of San Clemente, CA acquired the 32.6-acre parcel of land at the Renaissnace Orlando Resort, which it owns, for $30.4 million. Source: CPN

Community Reinvestment Partners II LP - a joint venture between Forge Capital Partners LLC of Atlanta, GA and Tampa-based DeBartolo Development - has acquired Fairway Oaks shopping center in Hudson for $7.6 million. The fund was begun to develop, acquire, renovate and reposition retail real estate in the Southeast. Ted Anglyn is director of acquisitions for Forge Capital. CRP II will actively pursue investments in Orlando and South Florida, Georgia, Alabama and the Carolinas. Karl Johnston, senior director with Cushman & Wakefield in Jacksonville commented on the deal. Source: Globe

JVC America Inc. signed a five-year, 540,000-SF lease at the New Manchester Distribution Center in Atlanta. Bill Doran and Tommy Hughes of Carter Real Estate represented the landlord, ProLogis. Wit Truitt and Chip Watson of CB Richard Ellis represented JVC. Source: CPN

Host Hotels & Resorts Inc. completed $138M renovation of the Atlanta Marriott Marquis. Source: CPN

Despite New York-based American International Group’s (AIG) recent financial problems, it’s Atlantic Station project in Atlanta is moving forward. Brian Leary is VP of Real Estate Investment at AIG. Jacoby Development Inc. and the Novare Group both in Atlanta are involved in the project. Source: Globe

Wells Real Estate Investment Trust II has taken majority ownership at Newell Rubbermaid's newly constructed 355,000 square foot global headquarters building in Sandy Springs. Leo Wells is Wells Real Estate Funds president. The closing was brokered by Randy Evans and Mike McDonald of Eastdil. Wells was represented internally by Keith Willby, senior vice president, Capital Markets. Source: CPN


BP Plc has signed a 10-year lease at the Chicago Mercantile Exchange, owned by Tishman Speyer Properties. Jones Lang LaSalle Inc.'s International Director, Elaine Melonides, and Executive VP, Matt Carolan, represented BP; Vicki Noonan and Eric Myers represented Tishman Speyer internally. Source: CPN

AmTrust Realty Corp. acquired a 1.1 million square foot, 44-floor office building in Chicago. Bruce Miller and Jim Postweiler, managing directors; Peter Harwood, VP; and Bruce Westwood-Booth, Executive VP, all of Jones Lang LaSalle Inc. in Chicago represented the seller. Source: CPN

HSBC-North America has chosen Itasca as the site of a new corporate facility, consolidating operations from five facilities. Elaine Melonides and Dan McCarthy of Jones Lang LaSalle Inc. in Chicago negotiated the build-to-suit lease. Source: CPN

Opus North Corp. has broken ground on a 391-unit apartment community within the Corporetum Office Campus in Lisle. The five-story building is the first phase of a 16-acre development, the Arboretum Landmark. Matt Nix, senior real estate director for Opus North states the second phase will include up to 150,000 sf of office with construction beginning in 2009. Source: Globe

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