Orlando

Analysis

Food Halls: They Are Getting Bigger and Fancier

David Wilkening | September 14, 2018

The latest 30,000-square-foot food hall to anchor a luxury Kissimmee development is the largest in the area.

News

Inland Real Estate Acquires Tampa Multifamily

John Jordan | September 11, 2018

The multi-family property consists of 24 two-story buildings with 20 one-bedroom, 152 two-bedroom and 20 three-bedroom units.

News

Coastal Ridge, M Group Pay $80M for Fort Myers Student Housing

John Jordan | September 10, 2018

So far this year, Columbus, OH-based Coastal Ridge’s multi-family acquisition volume in Fort Myers totals almost $200 million.

News

OSCRE Revises Data Model For CRE

Erika Morphy | September 10, 2018

The format is more user friendly -- a more holistic approach, says Lisa Stanley, CEO of OSCRE.

2 REITs Explore Their Strategic Alternatives

Erika Morphy | September 07, 2018

They are CNL Healthcare Properties II and Columbia Property Trust.

News

RLJ Lodging Sells Vinoy Renaissance St. Petersburg for Nearly $189M

John Jordan | September 05, 2018

The sale consists of a contractual sales price of $185 million and the release of $3.5 million in member deposits. The total consideration represents approximately $521,000 per key, RLJ Lodging reports.

News

American Landmark Apartments Acquires $275M Multifamily Portfolio

Steve Lubetkin | August 30, 2018

The markets in which the portfolio assets are located – Atlanta, Orlando, Charleston, Raleigh and Charlotte – are all high population growth markets.

Analysis

Theme Park Hotels a Booming Business in Orlando

David Wilkening | August 29, 2018

The multiple revenue streams for theme park resorts add to their occupancy and their value.

Analysis

Developers Hope to Revitalize Retail in Downtown Orlando

David Wilkening | August 27, 2018

The goal is to attract national tenants to the former Church Street Station so that it will again thrive as a retail and entertainment Mecca.

Orlando Rent Increases Lead Nation

David Wilkening | August 15, 2018

New report finds top multifamily markets share characteristics of job growth and low rents.

Upscale Orlando Retail Center Changes Hands

David Wilkening | August 07, 2018

Shoppers average $127,000 annual incomes.

Industrial Pricing Is Eclipsing SW Florida's Office Market

David Wilkening | August 06, 2018

Limited inventory and high demand is pushing industrial flex prices in Southwest Florida.

The Overlooked Market That Is Florida’s Panhandle

David Wilkening | August 03, 2018

Low vacancies, declining unemployment and rising population are all raising retail prospects.

News Research

Spring Baseball Is A Home Run for Florida Economy

John Jordan | August 02, 2018

This year’s MLB spring training generated 7,152 jobs on an annual basis and nearly $253.8 million in wages.

News

Credit Union Buys Downtown Tower for $59M

John Jordan | August 01, 2018

VyStar Credit Union approached the ownership about its interest in the building at 76 S. Laura St. earlier this year and a purchase and sale agreement was signed within three weeks of the initial meeting between the buyer and seller.

News

Federated Refinances Florida Industrial Portfolio

John Jordan | August 01, 2018

HFF officials state that the six-property portfolio is 100% leased on a triple-net basis.

News

Synovus Financial to Merge with Florida Community Bank in Nearly $3B Deal

John Jordan | July 24, 2018

The merger will allow Synovus to increase its presence in high-growth Florida markets, including Pensacola, Tampa, Jacksonville, Orlando, Sarasota, and Naples.

News Research

Tight Supply, High Demand Ramps Up Florida Home Prices

John Jordan | July 24, 2018

For-sale inventory in June remained tight, at a 3.9-months’ supply for single-family homes and 5.5-months’ supply for townhouse-condo properties, according to Florida Realtors.

News

Construction Begins on Gables Station Development

John Jordan | July 23, 2018

NP International, which acquired the 4.3-acre site in November 2016 from Berkowitz Development for $60.25 million, has hired UK-headquartered Balfour Betty to build the transit-oriented project that is scheduled for delivery in the fourth quarter of 2020 and is designed to achieve LEED-certified Silver designation.

News

Latest Buy Puts Coastal Ridge Over $500M in Deals

John Jordan | July 20, 2018

The Coastal Ridge/H. Katz joint venture has purchased more than $1 billion in properties since its inception in November 2014.

News Thought Leadership

BTI Partners Look to Sell 100-Acre Development Site in Orlando Area

John Jordan | July 18, 2018

BTI also reports it has obtained a $12-million loan secured by the 100-acre property from Florida Community Bank. A spokesman for BTI tells Globest.com that while the 100-acre parcel is on the market for sale, BTI still could possibly be involved in the development of the property.

News

Florida’s Economy Hits ‘Historic’ $1-Trillion Milestone

John Jordan | July 16, 2018

Dr. Jerry Parrish, Florida Chamber Foundation chief economist, who forecasted earlier this year that Florida would reach the new $1-trillion economy threshold sometime in 2018, says the milestone was achieved last week. He notes that Florida is adding $2.74 billion each day to the state’s GDP.

News

Another Watercrest-Titan Senior Living Project To Break Ground

John Jordan | July 16, 2018

The Winter Park, FL project named Watercrest Winter Park will be developed by Vero Beach, FL-based Watercrest Senior Living and Titan Development Real Estate Fund 1.

News

Tech Repair Franchise Opens 38 New Stores in Second Quarter

John Jordan | July 12, 2018

Among its fastest growing markets, uBreakiFix opened nine new locations in the Kansas City area and four new locations in Florida in the second quarter. The firm also expanded its footprint in Omaha, NE; Toronto, Ontario and other existing markets.

News

Passco Grows Florida Footprint With Jacksonville Buy

John Jordan | July 12, 2018

Passco's portfolio in the Sunshine State now totals more than 3,000 units, according to Colin Gillis, VP of acquisitions, southeast at Passco.

News

Spirit Airlines Expands Corporate HQ in Miramar

John Jordan | July 11, 2018

The airline's latest deal involves an expansion of 26,287 square feet, which ramps up its leased space at the Miramar Park of Commerce to 97,106 square feet.

News

Tampa Bay Rays Unveil New Stadium—Price Tag: $892M

John Jordan | July 11, 2018

Team officials said the ballpark is projected to cost $809 million with additional infrastructure costs of $83 million. The new ballpark they said could be complete in time for the first pitch on Opening Day 2023.

News

Waypoint Residential Sells Orlando-Area Multifamily for $49M

John Jordan | July 10, 2018

The 337,892-square-foot property consists of 16 three-story buildings. Waypoint Residential recently upgraded all unit interiors, which resulted in a notable rent increase and therefore now presents a strong value-add opportunity for the new ownership, according to Cushman & Wakefield.

News

Two Orlando Shopping Centers Change Hands

John Jordan | July 06, 2018

In the first deal, recently formed LBX Investments of Los Angeles has purchased Alfaya Commons, a 130,811-square-foot shopping center at 11792-11970 East Colonial Drive from Regency Centers in a deal valued at $19.8 million.

Next Hot Retail Market: Broward County

John Jordan | July 05, 2018

American Dream Miami might have a larger impact on Florida’s economy than any other project since the arrival of Walt Disney World in 1971.

NYC-Based REIT Acquires Publix-Anchored Shopping Center

John Jordan | July 02, 2018

ShopOne, which is headquartered in New York City, acquired the 135,286-square-foot shopping center that is anchored by grocer Publix from Irvine, CA-based Sabal Financial Group, LP - Slate Trails Holdings LLC.

HUD Approval Frees Up $616M for Irma Recovery, Affordable Housing

John Jordan | July 02, 2018

In November, the State of Florida submitted a plan to HUD to address the damage caused by Hurricane Irma, which wreaked havoc in the Sunshine State in September 2017.

Florida Starts Work On High-Speed Rail Between Orlando, Tampa

John Jordan | June 25, 2018

Gov. Scott said the FDOT has issued a Request for Proposals for those interested in leasing FDOT and Central Florida Expressway Authority owned right of way to establish a privately-funded high-speed rail service between Orlando and Tampa.

Berkadia Arranges Multifamily Deals in Gainesville, Boynton Beach

John Jordan | June 22, 2018

Berkadia officials note the greater population of Gainesville is forecast to grow 4.6% by 2022, reaching almost 300,000 residents, and point out that approximately 35% of metro Gainesville’s residents are in the prime renter age group of 18-35 years old.

Veteran Developer Talks Retail’s Future

John Jordan | June 22, 2018

Our team just returned from ICSC in Las Vegas and by initial numbers, we are being told it was the busiest Las Vegas convention since 2001, which means we are back to pre-recession activity levels.

Research

Strong Demand, Low Inventory Continues to Bolster Florida’s Home Sales Market

John Jordan | June 21, 2018

The statewide median sales price for single-family existing homes was $255,000, an increase of 6.7% from the previous year, according to data from Florida Realtors

South Florida Investors are ‘Buying for the Long Haul’

John Jordan | June 20, 2018

Hernandez offers Globest.com an in-depth look at some of the trends in the investment market and issues affecting women in the real estate industry and how CREW-Miami is looking to advance women professionally and create a climate for positive change.

Dinerstein Inks Ground Lease on Orlando Multifamily Property

John Jordan | June 18, 2018

Promenade Crossing is currently undergoing capital improvements. The property’s amenities include a pool deck with grilling stations, media lounge, fitness center, car wash station, clubhouse and a dog park.

The Economic and Legal Realities of Condo Development in Florida

John Jordan | June 13, 2018

Although new condominium projects are slowing down the search for development sites continues to be very active. Even when developers are not starting new projects, they continue to look for an inventory of buildable sites.

FCP Increases Florida Multifamily Portfolio With Orlando Buy

John Jordan | June 11, 2018

The purchase of Royal Isles brings FCP’s multifamily portfolio in Florida to more than 2,000 units.

What To Consider In A Telecom Tower Deal

John Jordan | June 11, 2018

Although property owners may be inclined to jump at the opportunity to boost their revenues, owners should fully understand all of the deal terms and the potential risks of entering into these kinds of arrangements, he stressed.

Two Orlando Student Housing Properties Change Hands

John Jordan | June 08, 2018

The 894-bed Retreat at Orlando student housing complex was sold by a subsidiary of Inland Private Capital on behalf of one of its 1031 investment programs to Preferred Apartment Communities of Atlanta. PAC acquired the property through its wholly-owned subsidiary Preferred Campus Communities, LLC.

EastGroup Properties Enters Miami-Dade Industrial Market

John Jordan | June 06, 2018

The $23-million project will begin with a 200,000-square-foot building and is expected to be delivered at the end of this year. T

ACC Looks to Build $615M Student Housing Project at Walt Disney World Resort

John Jordan | June 05, 2018

The transaction would be structured as a 75-year ground lease between ACC and a Walt Disney World Resort subsidiary.

Tishman Buys Three Orlando Hotels for $81M

John Jordan | June 04, 2018

Stepstone Hospitality of Providence, RI has been retained by Tishman to manage the three new hotel properties, according to Hunter Hotel Advisors.

Another Major Timeshare Firm Lands its Corporate HQ in Orlando

John Jordan | June 04, 2018

Wyndham Destinations, which did not announce a specific location for its corporate headquarters, says it will be making a $7.5-million capital investment in establishing its headquarters in Orlando.

No Cookie-Cutter Approach Here

Natalie Dolce | April 19, 2018

GlobeSt.com EXCLUSIVELY chats with Ed Allen, SVP of development at the Related Group about the company’s recent expansion, why Atlanta and Florida are places they see as opportunities and why one size definitely doesn’t fit all.

Thought Leadership

Attacking the Affordability Crisis

John Salustri | July 17, 2017

Multifamily is the perennial darling of the CRE industry. But a deeper dive shows a major gap in specific markets between supply and demand. NorthMarq Capital’s Melissa Marcolini Quinn offers a mortgage banking perspective.

Praedium Group Acquires Multifamily Properties in Austin and Orlando

| July 05, 2017

Park Place at Maguire in Orlando is a newer property, built in 2016 and consists of 242 one-, two-, and three-bedroom units ranging in size from 650 square feet to 1,273 square feet.

Should Florida Metros Act on Walkability Faster?

Jennifer LeClaire | June 15, 2017

MIAMI—Orlando, for one, has some serious challenges. But there are ways to improve.