ORLANDO-Despite vacancies that have hit the 20% level at some class A properties, a new Marcus & Millichap report predicts the Tampa Bay multifamily market is improving with property prices expected to rise by 3.5% over the next 12 months.
ORLANDO-The locally based developer enters the island market with the acquisition of the 33-acre, 270-unit Kona Hawaiian Village overlooking Kahului Bay in Kailua-Kona. Outrigger Enterprises Inc., Hawaii's largest hospitality company, will manage the property.
ORLANDO-The Allentown, PA-based semiconductor manufacturer lost $332 million or 20 cents per share on revenue of $560 million in its fiscal third quarter ended June 30. That compares with a loss of $1.1 billion or 68 cents per share on revenue of $927 million in the same 2001 period, the company reports.
ORLANDO-The chairman/CEO of the largest publicly traded real estate company in Florida says the effective EBITDA, after certain exclusions, was 15% higher than second quarter 2001.
ORLANDO-Capri Capital LP of Chicago arranged the six-year Fannie Mae DUS/MBS third mortgage at 7.10% interest for owner Wimsatt-Mt. Washington I, a Kentucky limited partnership. The 31-year-old, 285-unit, 28-building community on Howell Branch Road is 100% occupied.
ORLANDO-A Tampa Bay real estate market professional for 12 years, Sherri Forte will manage Bayport Plaza at Rocky Point in Tampa Bay. At Grubb & Ellis, Forte was senior property manager.
ORLANDO-The locally based timeshare developer is officially out of U.S. Bankruptcy Court jurisdiction today and plans to relocate its corporate headquarters to Las Vegas by year end, even as its $150 million civil lawsuit in federal court, Orlando, continues against Arthur Andersen.
ORLANDO-The chairman/CEO of the largest publicly traded real estate company in Florida says the effective EBITDA, after certain exclusions, was 15% higher than second quarter 2001.
ORLANDO-The 20-year-old, 50-tenant, 160,000-sf property owned by Atlanta-based developer Christian Wolffer's Griffin Expressway II LP, has run into strong competition in the city's core tourist district.
ORLANDO-Principals at locally based Averett Warmus Durkee Bauder & Thompson maintain they were never hired to audit the alleged cooked books of the defunct, 10-year-old securities sales firm, only to provide a routine balance sheet.
