ORLANDO-Institutional investor demand remains strong; speculative new construction is improving; and net absorption rose to one million sf in fourth quarter 2003. But sublease space is bogging down leasing progress, according to Advantis Commercial Real Estate Services.
BLAKELY, GA-Golden Peanut Co., which calls itself the largest peanut shelling company in the US, plans to break ground this month on an $8-million facility here.
ATLANTA-The Block Lofts @ Poncey Highlands will have 244 apartment units and 69 loft condos in the desirable Poncey Highlands submarket where the venture will be surrounded by other recently completed condo communities that are mostly sold out.
EUSTIS, FL-The demolition of the 65-year-old, five-story structure is nearing completion on a 12-acre Downtown site where the Lake Eustis Foundation hopes private capital will develop a mixed-use, multi-million-dollar project that will provide lifetime leasing revenue to the Foundation.
OCOEE, FL-Orlando-based RJ Twitty & Co. II arranges a 10-year floating rate loan that can convert to a fixed-rate loan at any time in a changing market where lenders are beginning to provide large amounts of capital for debt and equity purposes.
ORLANDO-Locally based CNL Retirement Properties Inc. contracts to buy 20 seniors housing properties totaling 3,600 units from affiliates of WHSLH Realty LLC for $156,111 per unit, growing CNL's portfolio to 139 properties in 29 states.
ORLANDO-Mona Deane, who managed 700,000 sf of high-rise and suburban office assets for the local office of Lincoln Property Co., joins Advantis Real Estate Services Co. as senior property manager in the Central Florida market.
SANDY SPRINGS, GA-In the midst of a top-down corporate restructuring, the Madison, WI-based batteries and electric shaver maker will lease executive office space for 25 company officers in the spring at the 33-story, 697,400-sf Concourse Corporate Center 6.
ATLANTA-Locally based and privately held Mercado del Pueblo signs a long-term lease at the Green's Corner shopping center in Norcross, GA in an area whose demographics have shifted from 99% Caucasian to 50% Hispanic and 25% Asian, area brokers tell GlobeSt.com.
DESTIN, FL-Marbella Condominium Developers LLC and Marbella Yacht Club LLC plan to break ground this month on a 69-unit community that will be developed at about $495,652 per unit in a project fronting on the Destin Harbor here.