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ORLANDO-The comatose economy has caught up to Orlando. In the first-of-a-kind survey, a University of Central Florida business research division ranks Orlando 24th among 61 metro areas having at least 500,000 payroll jobs. The ranking could affect future development growth and leasing activity, the study suggests.
BIRMINGHAM, AL-Collateral Mortgage Capital finds financing for apartment properties totaling over 1,000 units in Florida, Texas and Minnesota through Freddie Mac's network of lenders set up in 1993 to handle multifamily product exclusively.
ROSEVILLE, MN-The multifamily and-single-family home developer says it built 1,344 units in its fiscal 2001, about 10% fewer than the previous year. However, the firm believes increased profits resulted from exiting three markets.
ATLANTA-Hogan Group of Tampa, FL is selling the 19-story, 98% leased, 436,200-sf Glenridge Highlands Two office building in suburban Dunwoody, FL. The asking price is said to be at least $84 million.
ATLANTA-Hillwood Development Corp. of Dallas and Opus South Corp. of Tampa, FL are breathing a little easier today after Spherion signed a 10-year, 69,176-sf lease taking almost half of the four-month-old, 165,000-sf building in north Fulton County.
CLERMONT, FL-This Orlando bedroom community of 8,670 permanent residents in south Lake County is getting its first Outback Steakhouse as the Tampa-based restaurant chain completes a shopping center deal on busy State Road 50 for 6,000 sf with an estimated aggregate value of $1 million over 10 years.
ORLANDO-Orlando slipped to sixth place from second position behind Las Vegas in the final 2000 rankings of major markets by the University of Central Florida. The rankings are based on number of permits pulled per 1,000 non-agricultural jobs in 20 markets.
ORLANDO-The three-year-old Council for Sustainable Florida, a non-profit, Tallahassee, FL-based consortium of corporate and government executives, recognized 21 statewide public and private groups for their outstanding performance, leadership and initiative in 2000.
ORLANDO-SouthStar Development Partners Inc. of Miami is selling five-acre to 10-acre parcels at the 21-year-old, 1,800-acre mixed use park next to Universal Orlando for $6 per sf to $10 per sf. SouthStar bought MetroWest last October from Debra Inc. of Saudi Arabia for $60 million or $115,384 per acre ($2.64 per sf).