Regions Southeast
Group of 31 Condos Snapped Up at Palm Coast Resort
May 16, 2008

Commercial Alliance Group has purchased from Centex Homes 31 condominium units that never sold in the Palm Coast Resort's 72-unit Waterways South building just outside of Orlando. The real estate development and financial services firm released a $6.3 million private equity offering; $4.2 million of that sum was sold or committed before the acquisition closed. The firm expects the private equity offering to reach completion by May 31. Commercial Alliance will offer the one-year-old residences for sale at 50 percent of Centex Homes' August 2006 pre-construction prices, and will also consent to renting the units on a nightly basis.

 
Recent Southeast Headlines
Grubb & Ellis Buys Two Apartment Complexes in Metro Atlanta
July 03, 2008
Grubb & Ellis Apartment REIT Inc. has acquired two Class A apartment communities totaling nearly 500 units in the metro Atlanta area. Grubb purchased the 216-unit AMLI at Kedron Village multi-family community in Peachtree City from AMLI Residential and Prudential Real Estate Investors, and the 280-unit Creekside Crossing in Lithonia from Harbor Group International, Norfolk, Va.
Orlando's First Nordstrom Rack to Anchor New 100,000SF Shopping Center
July 03, 2008
Millennia Crossing, a 100,000-square-foot shopping center scheduled to debut in Orlando, Fla. next spring, will become the home of the city's first Nordstrom Rack and the State of Florida's second such store.
Sensus Metering Expands at Highwoods Forum Office Park in North Raleigh
July 02, 2008
Highwoods Properties Inc. said that Sensus Metering Systems is expanding their office space at Highwoods Forum Office Park in North Raleigh, N.C.
ATT Atlanta Wells REIT II Snags Another AT&T Building in Atlanta
July 02, 2008
Wells Real Estate Investment Trust II has acquired Lindbergh Center, a groundbreaking, transit-oriented development in Atlanta’s Buckhead area, in a sale-leaseback from AT&T.
Fortes  Financial Secures National City Mortgage Wholesale Division
July 02, 2008
Fortes Financial Inc. has completed the  assumption of five regional wholesale offices formerly belonging to  National City Mortgage Corp.