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ORLANDO-Grubb & Ellis Co. is the first brokerage to pinpoint first-quarter weaknesses due to company downsizing, mergers and tenant relocations. The three million-sf southwest Orlando tourist submarket was hit hardest with vacancies of 21.4%.
BARTOW, FL-One of Florida's wealthiest property-owning families is ending its second publicly disclosed fight over money in the last three years after three days of trial testimony. Bartow is 60 miles south of Downtown Orlando.
ORLANDO-Volusia County, home of the annual NASCAR Daytona Beach event, is at 95.3%, down from 97.1%. Brevard County, headquarters of NASA, is at 94.2%, down from 94.8% in 1999, according to a new study by CB Richard Ellis Inc.
WINTER PARK, FL-The Chicago-born developer/investor built the 200-room Langford Resort Hotel, Orlando area's first air-conditioned lodge in 1956, for $1 million or $5,000 per room. The replacement cost today would be $30 million, industry estimators tell GlobeSt.com.
ORLANDO-Trammell Crow Co.'s John M. Crossman says changes in tourist flow, anchor tenant migration and the debut of high-end product could quickly alter Central Florida's 46 million-sf market currently at 93.6% occupancy.
ORLANDO-Echelon Residential is breaking ground on Echelon at Uptown, a planned five-story, 244-unit complex on north Orange Avenue at Marks Street. Estimated construction cost: $13 million.
ORLANDO-Trammell Crow Co.'s John M. Crossman says changes in tourist flow, anchor tenant migration and the debut of high-end product could quickly alter Central Florida's 46 million-sf market currently at 93.6% occupancy.
ORLANDO-Mayor Larry Dale, who is also a commercial real estate developer and investor, reads the riot act to the five-member Sanford Housing Authority via a letter from the Seminole County Sheriff's office. Sanford is 25 miles north of Downtown Orlando.
PARIS-Corporate merger mania in the City of Lights has eaten up space in an already tight market. Investors are planning to bring class B buildings up to A standards in order to relieve the pinch and keep corporate tenants in town.
ORLANDO-James Veigle faces up to 170 years in prison if convicted on all 13 counts. He denies the allegations and tells GlobeSt.com, through representatives, he will fight the charges all the way to the Florida Supreme Court.