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ORLANDO-Jeffrey T. Morris and Jubeen F. Vaghefi who have teamed in $1 billion worth of transactions to date, are joining the New York-based firm's new Capital Advisors Group in Orlando.
ORLANDO-Palm Coast, FL-based Ginn Development Co. paid Lykes Brothers Inc. and Hyponex Corp. of Tampa, FL $10.6 million or $8,908 per acre for dirt near Montverde, FL in south Lake County, 30 miles west of Downtown Orlando. The developer plans a $100 million, mixed-use project on the site.
TAMPA, FL-The Houston-based REIT pays Georgia-based Sunset Associates an estimated $35 million or $125 per sf for the 100%-leased, 29-year-old, 273,000-sf Sunset Point 19 in nearby Clearwater, FL, 80 miles west of Downtown Orlando.
ORLANDO-Despite impassioned pleas from environmentalists, Gov. Jeb Bush and his six-member Cabinet voted 5-2 Tuesday to give Orlando landowners Willoughby T. Cox and Karick and Stephen Price another five years to develop the 1,433-acre planned unit development in an environmentally sensitive site in rural Lake County.
RALEIGH, NC-The Westminster, MA-based fire protection service company is leasing a total 86,000 sf of business park space in Raleigh, NC; Tampa, FL; and Cleveland, OH for five years at $1.8 million or about $4.19 per sf.
ORLANDO-Tallahassee staffers send the 10-year-old, controversial mixed-use venture in rural south Lake County back to local elected officials who last year refused to give the Orlando developers more time to break ground on the projected $1.2 billion, 20-year undertaking.
ORLANDO-After peaking in 1999, new product in all major metro areas in Central Florida are down by at least 50% from two years ago, two new analyses show. But the numbers only go to Sept. 1 and don't include new layoffs, a weakening economy and the effects on construction of the Sept. 11 terrorist attacks and the anthrax scare.
MINNEAPOLIS-The firm says its backlog and new orders are up over a year ago. Net income is $3.07 million, or $0.52 per share for the quarter ending Sept. 30,even with the same period last year.
CLERMONT, FL-Gov. Jeb Bush's staff today drafts a recommendation on the controversial development status of the 1,433-acre, 350-foot high property 25 miles west of Downtown Orlando. (Please See updated story above.)