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ORLANDO-Annual acreage transactions finished 2000 at $44 million, down from a record $67 million in 1999. An Orange County moratorium slowed developers but is allowing the market to catch up this year, a new report by Grubb & Ellis finds.
JACKSONVILLE, FL-SB Jax, a private investment group, is closing out its North American commercial real estate portfolio with this transaction. The sale is expected to gross an estimated $25 million or about $100 per sf. Jacksonville is 230 miles north of Downtown Orlando.
PORTLAND-Tom Hayes, who heads Corporate Property Services, says he purchased the camera and software package from Internet Pictures Corp. last year and has added virtual property tours to nearly all of its listings for the service it provides potential clients.
CHARLESTON, SC-A driving commercial real estate undertaking is the $1-billion Noisette Project which is revitalizing the old Navy base. Charleston is 206 miles south of Downtown Charlotte.
WYANDOTTE COUNTY, KS-The Kansas Speedway drawing visitors as well as construction workers. Hotel and motel surcharges are expected to soar when the Speedway opens this summer. Two new hotels also are being developed.
ATLANTA-The Chicago-based firm tells GlobeSt.com its 800,00-sf Greenwood property, west of the metro area, is generating $2.6 million in annual revenue for the next 10 years.
SAN JOSE, CA-The 21-story building will include 325,000 sf of office space, 16,600 sf of ground floor retail space and 603 parking spaces. Kimball and Small Properties is the landowner and developer.
WALPOLE, MA-Structural Preservation Systems establishes its first physical presence in the area by opening an office here. The company has been doing business with clients in the Greater Boston areas for the last 20 years.