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ORLANDO-The Tampa-based company is partnering with locally based Avalon Park Associates to build 1,000 condominium units at the Avalon Park community in east Orange County. Groundbreaking is scheduled for summer 2005.
NEW YORK CITY-After absorbing boutique firm Strategic Alliance Partners earlier this year, Studley starts a national industrial practice. The firm also recently formed a national retail focus.
TAMPA, FL-Advantis Real Estate Services Co. and Jones Lang LaSalle team to handle a five-year, 13,073-sf, $2-million office lease renewal for the American Board of Pathology at 4830 W. Kennedy Blvd. in the city's 11-million-sf class A Westshore submarket.
TAMPA, FL-Locally based H&R Florida Properties LLC pays $2.7 million for a prime 10.8-acre tract in the Temple Terrace area where the developer plans to construct 92 luxury townhomes with prices starting in the mid-$200,000 range.
BELLAIRE, FL-Hospitality industry consultants and brokers in a position to know tell GlobeSt.com Tampa-based DeBartolo Group is close to completing the acquisition of the Belleview Biltmore Resort & Spa at a speculated price of $12.2 million. Hotel officials, however, say the hotel is not for sale.
FLOWER MOUND, TX-Dennis Lee, a golf course investor in California and Florida, comes to Texas for the last of two Tour 18 facilities owned by Olympus Real Estate. With a new team in charge, the $12.8-million acquisition is now in line for a major overhaul.
TAMPA, FL-The 50-million-sf inventory in 17 monitored submarkets posts a positive third-quarter net absorption of 158,200 sf, still below the second period's mark of 220,786 sf but ahead of first quarter and the last two quarters of 2003 which all showed negative absorption, reports Grubb & Ellis Co.
ORLANDO-Developers and property owners are buying up strategically located properties for near-future projects as they watch land prices continue to escalate in all parts of Central Florida, area brokers tell GlobeSt.com.
OLDSMAR, FL-Orlando-based Florida Commercial Communities Ltd. receives $130 per sf for the 300,000-sf, 97%-leased Woodlands Square shopping center at 3130-3150 Tampa Road in this suburban city.
TAMPA, FL-Positive net absorption of 507,564 sf in the third quarter brings vacancy to 7.3% and spurs speculative construction, a gradual rent increase and fewer concessions in the area's 179-million-sf inventory, the largest in Central Florida, according to separate studies by the Tampa Bay offices of Grubb & Ellis Commercial Florida and Colliers Arnold.