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ORLANDO-Ernst & Young credits several key promotions for the city's average June occupancy of 66% among the area's 90,000 hotel and motel rooms. Average monthly room revenue for the first half is $74.83 versus $88.83 a year ago.
ORLANDO-Landesbank Sachsen of Dusseldorf paid the Raleigh, NC-based developer $38.5 million for the seven-story, 205,280-sf, 95%-leased property in the Rocky Point submarket of Tampa, FL, 80 miles west of Downtown Orlando. It's one of the largest office deals this year in Central Florida.
MIAMI-Miami still lags behind the nation in rebounding, as well as behind last year's occupancy and rate levels. Meanwhile, the future looks uncertain in the eyes of industry experts.
ORLANDO-But another analysis by West Chester, PA-based Economy.com Inc. says Orlando is behind Miami in fighting its way back to profitability in the hospitality sector.
ORLANDO-The locally based, celebrity-themed restaurant chain with 111 properties in 41 countries, has seven ventures totaling at least 500,000 sf, either ready to open or leaving the drawing boards shortly.
SEATTLE-Based on capitalization rates and price-per-sf paid, Seattle ranks No. 1 and Ventura and San Diego, Calif. are close behind in a new study released by Sperry Van Ness of San Francisco, which also ranks the best buyers markets around the country.
SEATTLE-Based on capitalization rates and price-per-sf paid, Seattle ranks No. 1 and Ventura and San Diego, Calif. are close behind in a new study released by Sperry Van Ness of San Francisco, which also ranks the best buyers markets around the country.
ORLANDO-Tampa Sports Authority, owner/operator of the structure, has until Oct. 1 to find a new insurance carrier for the four-year-old, 65,000-seat property.
The economy was slowly beginning to recover from a shallow recession in third quarter of 2001. The World Trade Center terrorist attack then drove the economy…
ORLANDO-The Herndon, VA-based developer is investing $7.35 million into the 28-year-old, 85,000-sf, 87%-leased property one block from Interstate 4 and Lee Road in suburban Winter Park, FL. Denver-based Alliance Commercial Partners is the seller.