MIAMI-The 100-suite, 13-story property, eight miles north of Downtown Miami, is being managed by locally based Cardel Hospitality Group LLC. Homewood Suites is part of Beverly Hills, CA-based Hilton Hotels Corp.
ORLANDO-The 63-buildings, 6.7 million-sf south Orange County service center market is up from a first-quarter 16.7% vacancy level and has a five-year inventory volume, Maitland, FL-based Rebman Properties Inc. finds in a new study.
ORLANDO-Called The Loop, the 33-acre project will mirror the developer's 500,000-sf, $85 million venture in suburban Boston that was developed at about $170 per sf. The project inflates Central Florida's retail inventory to over 47 million sf.
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.
ORLANDO-The cash deal, expected to close in August, puts the locally based, publicly traded wholesale distributor of construction and industrial materials into a strategic market share position with the acquisition of the Corinth, TX-based distributor of parts for electrical transmission and distribution power lines.
ORLANDO-Called The Loop, the 33-acre project will mirror the developer's 500,000-sf, $85 million venture in suburban Boston that was developed at about $170 per sf. The project inflates Central Florida's retail inventory to over 47 million sf.
MIAMI-The challenge for the lender was to provide funds for a 47-year-old, 41,670-sf, 95%-leased strip center without an anchor, but located in a prime commercial area of suburban Coral Gables, FL.
MIAMI-Texas-reared J.H. "Jay" Windsor III, with 18 years in the industry, is the new property management director at Coral Gables,Fl-based Abood & Associates Inc.
ORLANDO-One local executive says consolidations have already reduced the major players to a handful of large-scale companies, giving independents new opportunities to prove themselves to corporate customers.
MIAMI-Locally based Cornerstone Group Development Corp. is building the 188-unit Laguna Pointe Apartments one mile from a redevelopment area where $150 million in mixed-use ventures are planned over the next five years.