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ORLANDO-An expected drop in interest rates this quarter by the Fed will spur new investment activity in the multifamily sector here, Grubb & Ellis Co.'s Steve Flanagan tells GlobeSt.com.
ORLANDO-Daryl M. Carter, wearing several corporate hats and acting as trustee of two land entities, acquired two tracts totaling 36.6 acres for $1.61 million in Deltona, FL, 35 miles north of Downtown Orlando, and bought a 6,220-sf medical office building in Orlando for $609,000 or $97.90 per sf.
ORLANDO-After sitting on the sidelines for 15 years, the 2,700-acre International Corporate Park is jogging onto metro Orlando's 92 million-sf industrial turf big time by kicking off design work on a $17 million connector road linking main transportation arteries to the property. The road will take three years to permit and build.
ORLANDO-A new Grubb & Ellis Co. analysis shows net absorption and new deliveries will decrease in 2001 and 2002 while average rents for research and development/flex space and warehouse/distribution will rise about 3.25% this year.
ORLANDO-The supermarket chain is making this area its second Internet-based market for home delivery groceries in 2002 after opening its first division this spring in Pompano Beach, FL, 180 miles south of Downtown. Kmart is completing the installation of e-shopping kiosks in Orlando, Ocala, FL and Jacksonville, FL and plans to offer online services by yearend.
LEESBURG, FL-Lake-Sumter Community College is rushing to complete the 31,500-sf facility by year end after receiving a donation from the Central Florida Health Care Foundation. Leesburg is 45 miles northwest of Downtown Orlando.
DAYTONA BEACH, FL-Oceans Resorts pays $60,680 per room for the 206-room oceanfront hotel, formerly the Whitehall Hotel. Publicly-traded Boykin is using the proceeds for other undetermined investments. Daytona Beach is 50 miles northeast of Downtown Orlando.
JACKSONVILLE, FL-The Virginia-based Internet provider was scheduled to close the deal Jan. 15 for $2.5 million or $138.89 per acre ($3.19 per sf). The planned 123,000-sf structure, to house 1,700 employees, is expected to break ground this week.
ORLANDO-Net absorption will probably come in at 1.8 million sf in 2001 and 1.5 million sf in 2002, down from a record 1.98 million sf last year. New-space completions this year will reach 2.3 million sf and 1.9 million sf in 2002, versus 2.7 million sf in 2000.
ORLANDO-David F. Scott Jr., the University of Central Florida's economics guru, tells GlobeSt.com that growing additions to metro Orlando's current 100,000-room inventory will keep occupancy rates below the record 81.3%.
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Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource