Regions Southeast
RIDA Development Buys Orlando Site
May 5, 2008

RIDA Development Corp. has acquired the 5.62-acre downtown Plaza site at 400 N. Orange Avenue, a city block bordered by Orange Avenue, Amelia Street, Livingston Street and the Linx bus station at the I-4 Amelia St. Exit in Orlando, Fla. The seller was Downtown Plaza L.L.C. The acquisition brings the company’s investments in Central Florida up approaching $1 billion.  RIDA Development plans to invest up to $250 million to develop a mixed-use hotel, retail and office project on the site.

 
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.