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ORLANDO-Only about 15% of Daytona's tourists arrive by plane--a key reason for the area's improved condition following 9-11, the accounting firm says in its annual hospitality industry forecast. Tampa, Fort Lauderdale and Jacksonville should also recover quickly but Orlando and Miami areas will take longer.
ORLANDO-Only about 15% of Daytona's tourists arrive by plane--a key reason for the area's improved condition following 9-11, the accounting firm says in its annual hospitality industry forecast. Tampa, Fort Lauderdale and Jacksonville should also recover quickly but Orlando and Miami areas will take longer.
NEW YORK CITY-A series of reports from Grubb & Ellis/Knight Frank suggest now is the time to buy into the US office market. Occupancy costs have cooled to 1999 levels as the US struggles with a still-fragile economy, tech-wreck fallout and the continuing ripple effects of Sept. 11.
MINNEAPOLIS-Rottlund stock is de-listed from the American Exchange and will go private as the Rotter family now owns 90% of the outstanding common shares. The process still has several months to go.
WINDER, GA-The Fort Myers, FL-based 304-store chain has contracted to buy the former 50-acre, 200,000-sf Duck Head Apparel Co. Inc. headquarters and distribution center here from Tampa, FL-based Tropical Sportswear International Corp. for $7.2 million or $36 per sf. Closing is set for early April. Winder is 35 miles northeast of Downtown Atlanta.
MIAMI-New South Federal Savings Bank, an affiliate of Birmingham, AL-based Collateral Mortgage Capital is loaning a total $6.22 million on three manufactured home communities in Miami, Lake Alfred, FL and Auburndale, FL.
TAMPA, FL-Brad Luger, the firm's executive director, investment services group, has closed $6 million in transactions since January of this year. He has been with Advantis since the Atlanta-based brokerage opened the Tampa office April 13, 1999.
TAMPA, FL-The 5.62 million-sf central business district submarket saw 394,551 sf go dark in fourth quarter 2001, bringing total net absorption to a negative 128,852 sf, the poorest performance of the last six years.
TAMPA, FL-The Beachwood, OH investor/developer paid Focus Group of Boca Raton, FL $68,088 per unit for the 340-unit, 90%-leased, two-year-old apartment complex in affluent suburban Citrus Park. Downtown Tampa is 80 miles west of Orlando.
TAMPA, FL-The 5.62 million-sf central business district submarket saw 394,551 sf go dark in fourth quarter 2001, bringing total net absorption to a negative 128,852 sf, the poorest performance of the last six years.