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 division, 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 a deal expected to close before year end, the Orlando and West Palm Beach, FL developer/investor is acquiring the 221,916 sf of assets from Orlando Regional Healthcare Systems for his Dasco Cos. for $20.2 million, a below-replacement cost number, area brokers tell GlobeSt.com.
ORLANDO-The five-story, $20 million Three Resource Square in the 1,000-acre Central Florida Research Park will complement One and Two Resource Square completed in 1999 and 2000 respectively. Both are fully leased and owned by the Brookdale Group of Atlanta.
ORLANDO-The Arlington, VA-based organization tells GlobeSt.com two pilot projects in the Lake Okeechobee watershed are not intended to bar commercial development, but area brokers tell GlobeSt.com buying up development rights from ranchers will have the same effect, if successful.
ORLANDO-The 10-year Treasury bond is down to 4.41%, a number that translates to interest rates for developers/owners of 5.91% to 6.31% for a 10-year loan, Christopher Larkin, senior associate, R.J. Twitty & Co. II, Orlando, tells GlobeSt.com.
ORLANDO-Darrell Kelley, president of Maitland, FL-based Milcom Technologies Inc. for only 14 months and an executive at Sprint Corp. for 40 years, steps into the chair of president/CEO at an initial base salary of $120,000 and a potential annual bonus of $180,000.
ORLANDO-The 80 company members of CORFAC International-Corporate Facilities Advisers Inc., based in Arlington, VA, negotiated 6,294 property transactions valued at $7.6 billion for 210 million sf of commercial office and industrial space in North America last year.
ORLANDO-The 10-year Treasury bond is down to 4.37%, a number that translates to interest rates for developers/owners of 5.91% to 6.31% for a 10-year loan, Christopher Larkin, senior associate, R.J. Twitty & Co. II, Orlando, tells GlobeSt.com.
ORLANDO-Michael Mulhall, Florida director for Hawthorne, NY-based GDC Properties Inc., tells GlobeSt.com he plans to develop and acquire apartment properties with an estimated aggregate value of $200 million over the next three years.
