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ORLANDO-The Greater Orlando Aviation Authority's $165.33 million in airport revenue bonds, series 2002A and 2002B, went on sale May 8 to institutional investors and on May 7 to individual investors. Standard & Poor's Corp. says Orlando International Airport's passenger volume is recovering well from 9-11.
PHOENIX-Southwest Behavioral Health Services will move into an office at Palmcroft Place along Seventh Avenue. Environmental Management & Consultants takes an industrial location along 51st Avenue.
AUBURN HILLS, MI-The Cooper Tire division consolidates three facilities into one, resulting in an industrial building in the Pinnacle Corporate Center becoming excess property. Technology Investment Partners takes it off Cooper Standard Automotive's books.
ORLANDO-After five years of heated dialogue with anti-development forces, Island Resorts Development Inc. nears completion of the first 21-story, 153-unit, estimated $50 million Portofino condominium community on Santa Rosa Island, FL in the Gulf of Mexico, 250 miles northwest of Downtown Orlando.
HILLSBORO, OR-Federal Realty Investment Trust says it's no longer building new malls only buying existing ones and so its property here is on the market. With the International Council of Shopping Centers annual gathering just two weeks away in Las Vegas, a sale could be forthcoming.
RICHMOND, VA-Gaylan's clothing and sporting goods store launches its presence in Richmond with a major lease deal at the Taubman Center's Stony Point asset.
AUSTIN-There are few, if any, surprises in a first quarter office report put out by Colliers International's Austin office. It's still tenant heaven. Overall vacancy is up to 21.8% and rent is down across the board.
MIAMI-A first-quarter Cushman & Wakefield study reports rising vacancies of 16.2% in Miami-Dade County; 20.8% in Broward; and 14.1% in Palm Beach. Brickell Avenue, Miami's financial district, could be in for a shock as 236,000 sf becomes vacant over the next 15 months.
LAKE FOREST, CA-Lumenyte International inks a $1.3-million, five-year lease to occupy an industrial building here. The company has already moved to the new location from its previous facility in Irvine Spectrum.
SAN JOSE-The San Jose City Council is scheduled to vote tonight on the proposed 373-unit project by developer Barry Swenson. The Taylor Towers project would have buildings ranging in height between eight and 14 stories.