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ORLANDO-Some tenants leasing new premises can't get insurance for their products, keeping stores closed. Buyers are backing out of contracts, citing unknown actual damage costs and potential insurance liabilities. One analyst calls it "a huge problem that could cripple the real estate industry" in Florida.
ORLANDO-A growing residential population in the central business district and the pending rebirth of Church Street are factors in the steady flow of lease renewals and expansions Downtown, Mark Stratman, with Staubach Co., and Bobby Palta, with the local office of Colliers Arnold, tell GlobeSt.com.
JACKSONVILLE, FL-The price of the estimated 500,000-sf Dixie Packers manufacturing facility in Madison County wasn't disclosed. But North Florida retail brokers familiar with the property tell GlobeSt.com the number was "in the eight-digit range.
ORLANDO-Mark Stratman, senior vice president and managing principal in the three-year-old, eight-broker local office of Dallas-based Staubach Co., participates in four Central Florida transactions totaling 75,937 sf.
TAMPA, FL-The locally based, publicly traded fast-food chain is expanding in Los Angeles, Phoenix and Nashville through its Checkers Rally's franchisee, National Restaurant Development Inc. At an estimated 5,000 sf per restaurant site, Checkers figures its franchisee will own and operate a total 54 locations totaling an estimated 270,000 sf by 2009.
ORLANDO-Atlantic American Realty Group of Tampa pays Neal Communities of Bradenton $10.2 million for the 168-unit, 90%-leased Cloisters Apartments in Clearwater. A Merrill Lynch unit financed the transaction at a 5.5% interest rate.
DALLAS-In a packaged deal, development partners from SoCal buy Aviall Inc.'s 303,734-sf headquarters and regional distribution center and Hitachi's 72,056-sf microchip facility, allowing a clean exit of Texas by Tampa, FL-based HBO Acquisitions.
TAMPA, FL-Staples Contract & Commercial Inc. renewed its MeadowCreek business park space for 74,956 sf and added 36,560 sf of new space at the same location of US 301 here.
TAMPA, FL-Hav-a-Tampa, a division of Fort Lauderdale-based Altadis USA Inc., leases the entire 238,837-sf EastMeadow Distribution Center in east Tampa after signing a seven-year extension on its existing 156,837 sf and a new lease on 80,000 sf.