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ORLANDO-Multifamily complexes still represent the most stable real estate investment in the market, Edward A. Storey, founder/CEO of Essex Builders Group, tells GlobeSt.com. His 10-year-old Winter Park, FL firm completed $107 million worth of apartment jobs last year and expects to build about $100 million of new product this year.
NEW YORK CITY-Real estate veteran Peter Pattison says he has devised a business model that provides tenants with a second opinion before closing a lease in an effort to check the work of the broker.
CHARLOTTE-Textrum Weaving Inc. purchased a 42,000-sf building in Belmont, NC from Swag-Nit Inc. for $735,000 or $17.50 per sf. Swag-Nit is relocating out of the state.
MINNEAPOLIS-The site will allow investors to better manage their fixed-income portfolios. A portal offers investors monthly transaction, collateral and historical performance information on GMAC-RFC securities.
ORANGE COUNTY, CA-Record revenue from theme parks offsets poor showing from Internet unit. Chairman Eisner also shares some blunt thoughts about Anaheim.
HAYWARD, CA-The two firms have proposed a 600-megawatt power plant for this area; the plant would power up to 600,000 homes and, if approved, could be on go by 2004.
WHITE PLAINS-Greenwich Technology Partners has opened an office in London that will serve as the company's International Division. The company has just secured its first client there and hopes to branch out throughout Europe.
DENVER-Income Property Specialists has snagged its first Lower Downtown contract, taking over as property manager for the Streetcar Stables commercial component. The Boulder-based company's forte is to turn around undervalued properties.
MIDDLETOWN, NY-Officials with Masada OxyNol LLC of Birmingham, AL say that the company could begin construction on a waste-to-ethanol conversion plant valued at more than $100 million by this spring.
ORLANDO-The Osceola County-based real estate firm is relocating to the SouthPark section of Orlando Central Park where it has purchased a 1.08-acre pad for $260,000 or about $240,740 per acre ($5.40 per sf).