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DALLAS-Newport Mortgage Co., based here, is now the property of KeyCorp, a Cleveland-based commercial lender seeking to develop a nationwide mortgage finance company under the banner of Key Commercial Mortgage. A management shuffle is under way.
EAST NAPLES, FL-Last week it was General Cinema closing all 11 Florida locations. Now Regal Cinemas has begun to shut down movie houses, with a six-screen multiplex in this South Florida Gulf Coast location getting the axe.
ORLANDO-Land prices, development costs, rents and unit sizes are all going up, says Mark L. Findura, president of R.J. Twitty & Co. II Inc. But demand remains strong with class A and student markets are the most resilient.
AUSTIN-The state capital's single-family housing market has hit an all-time record, up 15% from second quarter 1999 in a gold-rush economy that has had $901 million in venture capital pumped into it in the first six months of this year. Meanwhile 83 miles southwest, San Antonio is experiencing a slump.
MIAMI-ABR Infocom's proposed 1.2 million-sf, $150-million ($125 per sf) Downtown telecommunications center has received a green light from the city's Urban Development Review Board. But a number of competing plans for a similar facility are still in the running to get into the ground first.
ORLANDO-The Indianapolis-based developer is entering the robust Lakeland, FL warehouse market with a 166,800-sf building on a 9.95-acre parcel in Lakeland Interstate Business Park, strategically located between Orlando and Tampa.
SAN FRANCISCO-The online source for locating and outfitting office space has formed a new team focused on giving the tenants greater knowledge and control of the commercial real estate process.
LEESBURG, FL-The retailer plans to buy 200 acres from the city for $1.6 million to build a warehouse/distribution center. Construction costs are pegged at $60 million.
ORLANDO-Transportation networks and available land are key to all robust commercial real estate growth and North Seminole County currently is ahead of the pack in that infrastructure category, says George D. Livingston Jr., president of Realvest Partners Inc. Livingston tells GlobeSt.com of three potentially-hot corridors ready to blossom and take off over the next 10 years.
AUSTIN-RealCentric is singing high praises for Austin, one of three cities where operations were launched in mid-June. The CA-based company is claiming market dominance in Orange County, CA and Las Vegas as well.