ORLANDO-The unconventional nine-acre commercial/residential property at Jumbolair, FL, 80 miles northwest of Downtown Orlando, will house the actor's Boeing 707 jetliner which he flies regularly to the St. Petersburg-Clearwater International Airport to attend church services in Downtown Clearwater, FL.
ORLANDO-Regent International Hotels, a unit of the Minneapolis-based hospitality management company, will operate the planned $70 milllion, 150-room hotel and 23-unit condominium Regent Winter Park Hotel Spa and Residences when it opens in early 2004.
ORLANDO-The privately held Hawthorne, NY-based developer plans a second multifamily project--a $40 million, 250-unit structure with 30,000-sf of retail and seven levels of parking. The apartments would sit atop the retail and the garage at Magnolia Avenue and Church and Court Streets.
ORLANDO-Locally based Hewitt Properties plans a $20 million, 680-acre subdivision with 678 homes, a shopping plaza and an 18-hole golf course in Sorrento, FL, a town of 765 permanent residents on the Lake County-Orange County border, 20 miles north of Downtown Orlando.
ORLANDO-Developers are expected to test the legality of the moratorium in a number of planned civil lawsuits, area real estate lawyers tell GlobeSt.com.
MIAMI-The North Miami Beach-based REIT spent $50 million to buy five supermarket-anchored centers at an aggregate yield of 10% and also purlchased one retail development site, company chairman/CEO Chaim Katzman reports.
ORLANDO-Elected officials turned down the Bentonville, AR-based retailer's plans for an estimated 250,000-sf, $32 million supercenter structure on State Road 44, east of Interstate 95 because it was allegedly flood-prone.
MIAMI-The locally based Internet infrastructure company, headed by Manuel Medina, sold 17.6 million shares at 58 cents per share to TD Global Finance, an affiliate of the Toronto-Dominion Bank.
ORLANDO-The statute, effective this month, eliminates insurance payment exemptions for corporate officers, partners, sole proprietors and independent contractors but doesn't affect residential homebuilders, argues the Central Florida chapter of the Associated Builders and Contractors Inc.
ORLANDO-The bright side is that corporations once again are looking at real estate ownership in place of leasing, a factor that could help fill 1.4 million sf of vacant subleased space, a new Cushman & Wakefield of Florida Inc. report states.