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ORLANDO-Developer Philip Emmer defends his planned 252 unit, 816 bedroom, 45-acre Portofino community on grounds that two other apartment complexes and commercial ventures exist nearby in east Seminole County, five miles north of the 35,000-student University of Central Florida campus.
SPRINGFIELD, VA-The two-building Fullerton Square business park will get a new tenant as the General Services Administration signs a lease for 23,186 sf of office space. Advantis Real Estate Services Company secured the deal.
DALLAS-Realty Capital's build-sell strategy drives 1031 exchanges for a Dallas LP and California family trust. The merchant builder gets more than $10 million for five office buildings and has 11 more on its office and retail "to go" list.
SOUTHBOROUGH, MA-Commuter rail stations scheduled to open here and in neighboring Westborough and Ashland by the end of 2001 are now scheduled to open by this spring at the earliest.
BELTSVILLE, MD-Makeup company Mirage Cosmetics Inc. purchases a new headquarters building for $2.2 million. The 34-year old industrial structure is nearly 51,000 sf and was previously owned by Duron Paints & Wallcoverings.
PORTLAND-Locally-based Zairmail is one of the first companies to enable large-scale convergence between the Internet and postal mail. Agents will use the direct mail service to send postcards, letters and flyers straight from their personal computer.
DETROIT-The Michigan Economic Development Corp. has $45 million available for new medicine research and commercial development projects. The American Association for the Advancement of Science is evaluating 297 applications.
ORANGE, CA-Advanced Real Estate Services grabs the 74-unit property, known as Glassell Gardens Apartments. Only two units were vacant at the time of sale.
AUSTIN-Less air cargo traffic and fewer passengers keeps the Austin-Bergstrom International Airport lagging behind its 2000 levels. In a year-to-year accounting, air traffic dips 25% and the passenger count's off by 20%.
ATLANTA-Raleigh, NC; Lexington, KY; Wake County, NC and Atlanta are among cities cited in a new book by Joel Kotkin who uses Census 2000 figures to show a strong correlation between a well-educated workforce and the amount of wealth in an area.