Commercial real estate instant insights for powerful business research, trends, and extensive education and information on CRE markets, practices, industries and sectors
Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
TAMPA, FL-The vacancy rate amongst the 148-million-sf inventory is down to 8.4% from 8.9% in 3Q 2002. Net absorption remains in the negative column and rent rates are expected to be flat until mid-year, according to a new market analysis by Grubb & Ellis Co.
ORLANDO-The May 9 sale will offer four fully leased properties individually valued in the $3 million to $6 million range ($13.70 to $27.41 per sf). The Winter Park, FL seller will use the sale proceeds to buy other real estate assets.
ORLANDO-The subsidiary of CNL Financial Group Inc. posted profit of $15.8 million versus $19.3 million or 30 cents per share in 2001. Total revenue increased to $156.4 million from $71.5 million, while assets jumped to $1.3 billion from $901.4 million.
ATLANTA-Fitch Ratings likes the recently completed $1.1 billion merger of Atlanta-based JDN Realty Corp. and Developers Diversified Realty Corp. of Beachwood, OH because it sees the deal as a strategic fit for both players.
ORLANDO-The January total was $7.7 million, up 9% from January 2001 and also up from December's $6.6 million collection. But Orange County Comptroller Martha O. Haynie cautions the numbers are still below pre-Sept. 11 levels.
ATLANTA-The $9.3 million Fulton County revenue issuance is ranked BBB from BBB+ with a negative outlook rating. Although the project's liquidity remains strong, investment income at the 175-bed facility dropped in fiscal 2002 to $22,000 from $912,000 in the previous period.
ATLANTA-The former managing director of G&E's corporate services group here joins the same division of CB Richard Ellis Inc. as first vice president, focusing on account management and strategic consulting.
ORLANDO-The manufacturer is taking the entire building at 1978 Stanhome Way for three years at an estimated aggregate rent of $661,500. Available sublease space in the Central Florida industrial market has fallen to 775,000 sf from 1.4 million sf during most of 2002.
ORLANDO-Continental Real Estate Cos. of Miami paid Atlanta-based Watkins Retail Group $6.95 million or $61.54 per sf for the 14-year-old, 112,933-sf neighborhood property in south Orlando.
JACKSONVILLE, FL-In the largest deal of its kind in Florida this year, Citicorp Credit Services Inc. plans to break ground this fall on the first building in a $75-million construction to house its administrative and production segments.