PORT ORANGE, FL-The 10,884-square-foot single-tenant leased property had 18 years left on the triple net lease, but the tenant is only paying base rent for the next 15 years.
MIAMI-GlobeSt.com's Jennifer LeClaire caught up with Harvey Hernandez, chairman and managing director of Newgard Development Group, to talk about the impending Downtown Miami condo boom.
ORLANDO-The market has not yet swung back in favor of the landlord just yet, but the desperation landlords felt just six months ago has given way to quiet confidence in the future.
ATLANTA-CushWake's Ray Stache tells GlobeSt.com's Jennifer LeClaire the Kmart lease is somewhat typical in a market that has seen plenty of consolidation during the downturn.
MIAMI-Miami DDA's Alyce Robertson tells GlobeSt.com's Jennifer LeClaire condo inventory is more than 85% absorbed and 200-plus new retailers have come on line.