TAMPA, FL- Moorings Development acquires Regency Park North, which is 100% occupied by Coca-Cola Enterprises. Coca-Cola has 10.5 years remaining on its lease with fixed annual rental rate escalations.

TAMPA-With Tampa one of the fastest growing metropolitan areas in the country, the growth in office-using employment is driving rapid absorption of space, according to Q3 office market reports.

Industry experts have differing views on the effects of declining cap rates on the sale prices of office properties in many metro markets. According to an informal poll by Debt & Equity Journal, both cap rates and sale prices can vary widely within the same market because of factors like location and property condition. In general, lower cap rates lead to higher sale prices. However, brokers say there are other issues to consider.

ORLANDO-The Orlando Magic is getting a $480-million, 35,000-seat, 700,000-sf new arena. The Citrus Bowl is looking at a $175-million facelift. And a new performing arts center will come in at $389 million.