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ORLANDO-The selection of this 100,000-hotel room tourist mecca over neighboring Tampa, FL and Lakeland, FL is a foregone conclusion and could be unanimous, say academic insiders. An estimated $1 billion in new commercial development hinges on the outcome.
SAN FRANCISCO-Investors reacted by trading the share price down 35% from a 52-week high of $15 on Tuesday to Thursday's close at $9.75, albeit on a paltry volume of 1,300 shares thanks to 94% insider ownership.
ORLANDO-Orange County Circuit Court Judge Ted Coleman denies the theme park operator's motion to dismiss ne of the steepest civil case awards in Florida legal annals.
ORLANDO-Friday is Decision Day for the 13-member Florida Board of Regents to select one of three cities for Florida A&M University's 120,000-sf College of Law building. Orlando, Tampa, FL and Lakeland, FL are the finalists. Daytona Beach has dropped out. The law school will be part of a $1 billion commercial redevelopment program planned for Downtown.
ORLANDO-The Nov. 7 ballot issue jolted the establishment, winning by a 53% to 47% margin. Now all legislators have to do is find the money to pay for the estimated $4 billion, 200-mile high-speed rail system.
ORLANDO-PricewaterhouseCoopers study ranks the state sixth nationally, attracting $549 million in 31 deals. Local firms garner $311 million in four transactions, improving Orlando's image as a maturing high-tech investment sector.
STAMFORD, CT-The Ashforth Co., a real estate investment firm based here, has paid approximately $61 million for the 480,000 sf Valley Forge Office Center complex in King of Prussia, PA.
BOCA RATON, FL-The 99-year-old Seattle-based retailer plans to open a second outlet next year in the nearby Mall at Wellington Green, a West Palm Beach suburb, followed by stores in Coral Gables, Orlando, and Tampa.
ORLANDO-The quarterly University of Central Florida study ranks the metro area seventh most active in the nation but the placement is down from second place in the first-half rankings of 1999.