ATLANTA-The newly formed Community Improvement District is expected to generate annual taxes of $600,000 while providing clean-looking entrance roads to commercial, industrial and residential developments.
JACKSONVILLE, FL-The locally based office and industrial developer paid Union Labor Life Insurance Co. of Washington, DC $8.25 million or $31.13 per sf for the 15-year-old, 265,000-sf Commonwealth Commerce Center and 18.5 adjoining acres.
ORLANDO-The first woman to be named president of a major hotel brand in 1998, Mary K. Mahoney takes over as SVP of member relations and customer support at Orlando-based Fairfield Resorts Inc.
ATLANTA-Mindspring founder Charles M. Brewer, who broke ground in January on a $150 million, mixed-use Intown undertaking, is reducing the residential component to 120 apartments and 180 condominiums. That's a 40-60 split, down from a 90-10 division originally.
ATLANTA-Georgia's third-largest county began selling $65 million worth of general obligation tax anticipation notes and $33.8 million of general obligation refunding bonds March 25. As an assurance to developers, Fitch says the county has strong financial management.
CLERMONT, FL-Despite an industry perception of overkill, the global retailer has submitted plans to local and state agencies for a pair of 225,000-sf stores in Clermont, FL and the unincorporated Four Corners region of U.S. 27, about 30 miles west of Orlando.
LAKELAND, FL-The joint venture plans to break ground in 4Q on the 450,000-sf, mixed-use retail center at Polk County Parkway and Hardin Boulevard in Polk County. The Don M. Casto Organization created the 500,000-sf Winter Park Village two years ago.
HENRY CO., GA-The players are locally based Cousins Properties; CBL & Associates Properties of Chattanooga, TN; and a partnership of Simon Property Group of Indianapolis and Cincinnati-based North American Properties. The prize: landing the first major anchor.
ATLANTA-The Houston-based developer is negotiating with the King & Spalding law firm to leave Downtown after 118 years and lease 400,000 sf at the $125 million project planned for Midtown. Ground-breaking is tentatively set for 1Q 2004.
ORLANDO-In a struggling industrial real estate environment, Rebman Properties Inc. of Maitland, FL and Trammell Crow Co.'s Orlando office have closed the largest bulk warehouse deal of the year in Central Florida with locally based SDE Logistics Inc.