GROVELAND, FL-Lennar Corp. has been in talks to develop 100,000 sf of commercial and a golf course to complement up to 2,000 single-family and multifamily homes that would be available only to occupants 55 years of age and older.
CLERMONT, FL-The Malik family of Leesburg, FL and McCartney Construction Co. of Gadsden, AL expect to break ground this year on an $8 million, 87,000-sf retail, office and apartment venture that will be built near the entrance to the South Lake County city.
ATLANTA-Post Properties Inc. founder John A. Williams has filed suit against the company and its directors, who had planned to vote Saturday to oust him as chairman emeritus and cut off his $150,000-a-year stipend. Williams won a temporary restraining order to stop the vote.
ATLANTA-Gaedeke Landers LLC of Dallas and PM Realty Group of Houston convinced the Boston-based software services company to remain at the 305,480-sf Platinum Tower for another five years at an estimated aggregate rent of $1.86 million.
ATLANTA-Cindy Pfeifer moves up from CFO, a position she has held since joining the locally based firm in 1985. She will oversee Carter's accounting, information technology services, human resources and marketing groups.
ATLANTA-Marcus & Millichap ranks the area last in a 40-market list of best markets. Rising vacancies (10.3%) and zero rent growth, along with a large construction pipeline have moved Atlanta to the bottom spot after finishing 38th last year, and no recovery is seen until 2004.
ORLANDO-Metro Orlando's 29.4-million-sf retail inventory sports an average 7% vacancy level and is holding up well in a shaky economy and international terrorism crisis, according to a new industry analysis by the Orlando-Atlanta offices of Trammell Crow Co.
ORLANDO-In addition to a 1998 settlement of $3 million, the court has ruled General Dynamics Corp., Stromberg-Carlson Corp. and affiliated companies also must pay the entrepreneur $650,000 in lost rent and cleanup costs for allegedly polluting his land in Sanford, FL between 1967 and 1991.
ORLANDO-The national distributor of construction materials posted $2.45 per share compared with 2001 net income of $1.88 per share. The strong performance comes as David H. Hughes plans to give up his CEO post to president Tom Morgan in May.
ATLANTA-Snapfinger Woods Village Inc. paid Southeast Office Properties $96.21 per sf for Westlake Business Center, a two-building, three-year-old property at 400 and 420 Technology Parkway, five miles north of Downtown Atlanta.