ORLANDO-In an unprecedented move for Disney, theme park officials are shutting down the entire 2,112-room, 14-year-old resort from Sept. 8 to Dec. 24 when the new 128-seat Shutter's at Old Port Royale opens for the 2003 tourist season.
ORLANDO-The ranking to double-A minus from single-A plus comes as the four million-sf Orange County Convention Center reports it will average 65.2% occupancy for fiscal 2002 that ends Sept. 30, up from 61.8% in 2001 and 62.9% in 2000.
ORLANDO-The late get-rich-quick promoter of the 1970s to 1990s once owned millions in Orlando area commercial realty properties but when he died at 57 in 1998, he owed $86 million but had only $2.8 million that creditors could trace.
ORLANDO-The Oak Brook, IL-based REIT has acquired its 30th Florida retail property and ninth in Orlando with the $11.41 million acquisition of the three-year-old, 78,625-sf asset previously owned by CAP Orlando Ltd. and Centennial American Properties LLC at the northeast corner of Good Homes Road and West Colonial Drive in west Orlando.
ORLANDO-The Oak Brook, IL-based REIT has acquired its 30th Florida retail property and ninth in Orlando with the $11.41 million acquisition of the three-year-old, 78,625-sf asset previously owned by CAP Orlando Ltd. and Centennial American Properties LLC at the northeast corner of Good Homes Road and West Colonial Drive in west Orlando.
ORLANDO-In an industry where some of the players are barely hanging on, the locally based, five-year-old hotel investment/development arm of the $5.3 billion CNL Financial Group Inc. of Orlando is starting four or five new development projects a year at average hard costs of $80,000 to $90,000 per unit and average acquisition prices of $33 million per property.
ORLANDO-In the last 14 months, Jim Michalak, senior director in the brokerage's Tampa office, has closed 13 shopping center deals totaling 1.66 million sf valued at $128.4 million and averaging $9.88 million per deal. Cap rates are down and power centers are back in demand, Michalak says.
ORLANDO-In one of Central Florida's biggest commercial real estate deals in the last 20 years, the Birmingham, AL-based developer acquired 996,000 rentable sf of 95%-leased, class A product in eight buildings at the trophy 370-acre Heathrow International Business Center and 102 acres of adjoining developable land in an all-cash transaction.
ORLANDO-In the last 14 months, Jim Michalak, senior director in the brokerage's Tampa office, has closed 13 shopping center deals totaling 1.66 million sf valued at $128.4 million and averaging $9.88 million per deal. Cap rates are down and power centers are back in demand, Michalak says.
ORLANDO-In the last 14 months, Jim Michalak, senior director in the brokerage's Tampa office, has closed 13 shopping center deals totaling 1.66 million sf valued at $128.4 million and averaging $9.88 million per deal. Cap rates are down and power centers are back in demand, Michalak says.
