ORLANDO-Developer Belz Enterprises expects the $220 million shopping center in retail-suffering North International Drive to be at 70% by July. But area brokers and retail consultants tell GlobeSt.com the project doesn't have the name recognition or location to compete with other ventures.
DELAND, FL-CET Holdings Inc. paid Spring Garden Apts. Inc. $41,667 per unit for the 16-year-old, 96-unit Spring Garden Apts. at 1175 Minnesota Ave. West, about 45 miles north of Downtown Orlando.
ATLANTA-The locally based restaurant development chain saw 1Q, same-store sales increases at LongHorn Steakhouse, Bugaboo Creek Steak House; and The Capital Grille. But company chairman and CEO Philip J. Hickey Jr. cautions that the 2Q performance could be flat.
ORLANDO-The 32-year-old Tampa International Airport is selling $260 million in revenue bonds, while eighty miles away the Orlando-Orange County Expressway Authority, the largest road-building agency in Central Florida, has made a $285 million bond offering.
ATLANTA-The retired co-founder Home Depot Inc. and president/CEO of the Atlanta Falcons says he has too much on his administrative plate. However, area real estate sources tie the resignation to the legal problems between Post and its former chairman, John A. Williams.
ATLANTA-The complex apartment financing, handled by Collateral Mortgage Capital LLC was done in less than 60 days and involved a transfer of the general partner and adjustments for a tax credit equity that had been paid years ago.
ORLANDO-The Orange County comptroller says tourists and business travelers, uncertain of the Iraq war effects, caused February's collections to drop to $7.87 million, a 9.8% decrease from February 2002 and the first slide in five months of improved numbers.
TAMPA, FL-Colonial Properties Trust of Birmingham, AL sold the four-year-old, 176-unit community near the Citrus Park Mall to Goldberg Cos. Inc. of Beachwood, OH for $78,409 an average of per unit. The complex is 82.4% leased.
ATLANTA-Locally based Commercial Equity Partners Ltd. paid Spalding Triangle LLC of Boston $86.06 per sf for the 17-year-old, three-building, 91,209-sf property in the Peachtree Corners area of suburban Norcross, GA.
ORLANDO-The closing of a nine-property, $89-million transaction is the final phase of a $255-million deal with Marriott Senior Living Services Inc. that marks the largest transaction in CNL Retirement Properties Inc. company history.