ORLANDO-Metro Orlando's four-county population of 1.7 million represents a 37% growth over the past 10 years and is the area's greatest strength, Trammell Crow Co. researchers told 3,000 delegates attending the International Council of Shopping Centers conference at the Gaylord Palms Resort, Kissimmee, FL.
ORLANDO-Buffalo, NY-based Benderson Development Co. Inc., headed by Nathan Benderson, is one of the major players in Manatee County, developing 800 acres for retail/residential and redeveloping the Sarasota Outlet Mall in Sarasota, FL.
ORLANDO-Harbco Construction Inc. pulls out of the $10.3 million Downtown Riverwalk project after city officials tell the Orlando-based general contractor it cannot use Grupo Mora & SouthCees Group de Mexico as a subcontractor to rebuild the five-mile seawall along Lake Monroe.
ORLANDO-Macy's, Bloomingdale's, Neiman Marcus, Lord & Taylor and Nordstrom--all new to the metro Orlando area--are competing for experienced and entry-level staffers at stores slated to open in mid-October at the 1.3 million-sf Mall at Millenia and the expanded 2.1 million-sf Florida Mall, four miles apart in south Orlando.
MIAMI-Lend Lease US Office Trust of Sydney and Munich syndicator KanAm paid Shorenstein Co. of San Francisco $270 million or $234.78 per sf for the 18-year-old, two-building, 55-story office structure, the tallest in Florida at 764 feet. The building has 1.15 million rentable sf.
ORLANDO-The Encino, CA-based brokerage sees the multifamily sector in Tampa, FL stabilizing at the same time Orlando will be softening. The Orlando office of CB Richard Ellis Inc., however, paints a rosier picture for Orlando.
ORLANDO-In surprise back-to-back moves, Gary Heckel, president of the 30-restauran Bahama Breeze division, has resigned. Bob Mock, president of the 20-unit Smokey Bones sector and a Darden Restaurants Inc. executive for 30 years, is taking a leave of absence for personal reasons.
ORLANDO-A 2002 Trammell Crow retail forecast shows the 691-store Lakeland, FL-based grocer garnered 60% market share in 2001, up from 45% in 2000 and 21% in 1999.
ORLANDO-The theme park didn't admit any wrongdoing in closing the books on an eight-month-old Orange Circuit Court civil lawsuit that charged Universal with stealing a New York businessman's idea for its two-level, 22,000-sf Latin Quarter restaurant in the two-million-sf CityWalk attraction.
ORLANDO-The six-year-old, 22-building, 280-unit Sail Cove Apartments on Gate Parkway North is 97% occupied. The five-year, fixed-rate mortgage has a 64% loan-to-value ratio.
