MIAMI — Carrfour Supportive Housing has received $17 million in financing through HUD's Neighborhood Stabilization Program 2 to renovate three formerly distressed apartment complexes in Miami. Carrfour will renovate 56 units at Harvard House, located at 2020 NE 169th St. The $4.4 million project will begin later this month with completion slated for late 2012. At Hampton Village, located at 4301 NW 29th Ave., the company will renovate 100 units, representing a $6 million investment. Construction will begin this summer and completion is expected in late 2013. Carrfour will also renovate 100 units at Tequesta Knoll, located at 1629 NW 14th Terrace in Miami. Construction for the $5.6 million project has started and will be completed in late 2012.
TAVARES, FLA. — Charles Perry Partners Inc. has commenced construction on the $6.6 million, 28,485-square-foot Lake County Emergency Communications & Operations Center, located in Tavares. Winter Park, Fla.-based Architects Design Group designed the property, which is slated for completion in January 2013. It will replace the current emergency operations center in the County Administration Building.
SAN ANTONIO — The CORFAC International Board of Directors has approved the addition of new global commercial real estate affiliates in China, India and Greece. The additions include Cresval Corporate Advisory Group in Shanghai, China; Narains Corp. in Mumbai, India; and Ktimatiki Real Estate in Athens, Greece. In addition to referring business between CORFAC firms, members share best practices for business operations, marketing support and other resources.
WASHINGTON, D.C. — A 156,766-square-foot office building, located at 2011 L Street NW in Washington, D.C., has sold for $61.75 million. The 10-story office building includes tenants such as The Peace Corps, Institute of Electrical and Electronics Engineers, Economic Consulting Services and Levine, Blaszak, Block, Boothby. Transwestern represented the seller, Equity L Street, in the transaction. Minshall Stewart Properties was the buyer.
DANVILLE, VA. — Augusta, Ga.-based Hull Storey Gibson Cos. has acquired the 731,500-square-foot Piedmont Mall, located at 325 Piedmont Dr. in Danville. The company plans to renovate the property, including an upgrade of the interior and exterior, lighting, entrances, signage, painting and flooring.
CARY, N.C. — CASTO has plans to start the 200,000-square-foot Phase II of Park West Village, a 100-acre, mixed-use development located in Cary. Phase II will include tenants such as a 55,000-square-foot, 14-screen Stone Theaters movie theater, a 52,000-square-foot Gander Mountain and a 6,000-square-foot The Wine Guy Bistro. Gander Mountain will open this fall and Stone Theaters is slated for completion in early 2013.
STOCKBRIDGE, GA. — Piedmont Henry Hospital and Ackerman Medical have plans to build the $11 million, 60,000-square-foot Henry Physician Center, located at the intersection of Eagle's Landing Parkway and Rock Quarry Road in Stockbridge. The 3-story building will be located at the entrance of the hospital's campus. Groundbreaking is scheduled for this summer, with completion slated for early 2013.
PORT SAINT LUCIE, FLA. — A 14,736-square-foot Walgreens, located at 5505 NW St. James Dr. in Port Saint Lucie, has sold for $7.77 million. Stephen Heim of Fort Lauderdale, Fla.-based NAI Rauch Weaver Norfleet Kurtz & Co. represented St. James Capital, the buyer, in the transaction. Marcus & Millichap represented the seller, St. Andrews Park II.
ATLANTA — Atlanta-based Tempo Properties has sold the 1,188-unit Tempo Portfolio, which includes 12 properties located on Buford Highway NE and Lenox Road NE in Atlanta, for $35.75 million. Included in the properties are the 135-unit Cabana Apartments; the 64-unit Cross Keys Apartments; the 154-unit Hallmark Apartments; the 111-unit Parkway Apartments; the 128-unit Tempo 2000 Apartments; the 158-unit Continental Apartments; the 135-unit Dover Station Apartments; the 72-unit Majestic I; the 62-unit Majestic II; the 60-unit Monaco Apartments; and the 108-unit Montego Apartments. Paul Vetter and Andrew Mays of Marcus & Millichap's Atlanta office represented the seller in the transaction and procured the buyer, a Yakina, Wash.-based national real estate company.
ATLANTA — Atlanta-based Cousins Properties has plans to repurpose 170,000 square feet of office space into data center space at the 1 million-square-foot American Cancer Society Center, located at 250 Williams St. in Atlanta. Cousins has entered into a relationship with Colliers Technology Solutions to lease the space. John Portman & Associates designed the building, which was the headquarters for the 1996 Olympic Games.