ATLANTA-The 20-year-old, locally based diversified firm with a completed $1-billion development portfolio of 11,000 condominiums and apartment units, hires Grant Kornman, a former joint venture partner, to direct its Florida operations.
ATLANTA-Olympia Development wants to create office space, retail and restaurants on a residential-zoned tract here. But opponents tell Cobb County officials the area needs more green space, not more commercial projects.
ORLANDO-Land that 30 years ago could have been purchased for $5,000 per acre has netted a local car dealer $1.3 million in a 2.8-acre sale to Floors Direct owner Michael Carr. Carr is planning a 25,000-sf retail center on the site.
ORLANDO-The money isn't rolling in like the good old tourist-packed days of 2000 and 2001 but Orange County comptroller Martha O. Haynie reports December 2003 bed-tax collections were still 2.9% ahead of the comparable 2002 period.
ORLANDO-The 12,000-sf former headquarters of the Florida Municipal Power Agency in Orlando Central Park was purchased by the Rogers Family Partnership of Georgia for $895,000, below replacement cost.
ATLANTA-Inundated with development permit applications for new projects, the Quad Cities Planning Commission is scheduled to review the newest proposal Feb. 17, a 347-townhome and single-family venture on 247 acres in the county seat, Jefferson, GA.
ATLANTA-Following a growing trend in several other surrounding counties, Forsyth County already has rung up revenue of $100,000 in the first two weeks of its newly installed fee system on building permits for residential and commercial projects.
ATLANTA-The Baltimore-based real estate finance company contracts to use the DealCentral Lender system for managing and transmitting commercial loan data.
ATLANTA-The 220,000-sf shopping and entertainment district has only 30,000 sf left to lease as it looks for a jump-start in revenue from a new bar-closing hour that allows the district to remain open all night.
ORLANDO-Lenders shelled out $116 billion in commercial and multifamily loans in 2003, up by more than one-third from the $86.4 billion reported in 2002 by the Mortgage Bankers Association.