ORLANDO-Bidding against an unknown investor, the Scottsdale, AZ-based lender bested its rival after 11 back-and-forth bids for the 102-unit, four-building Sheraton Vistana Resort at the 6,300-acre World Golf Village community between Jacksonville, FL and St. Augustine, FL, 150 miles north of Downtown Orlando.
ORLANDO-The Palm Coast, FL developer is making an extra contribution of $1,500 per house or apartment to help build a new elementary school at his planned 1,700-acre, $1 billion mixed-use development south of Orlando International Airport near the Orange County-Osceola County boundary. Orange County approved the project after Ginn committed the funds for the school.
ORLANDO-For the week ended June 15, Smith Travel Research shows the Orlando market down 2.8% from the same period in 2001, but ahead of nine other destination areas except New York and Chicago.
ORLANDO-For the week ended June 15, Smith Travel Research shows the Orlando market down 2.8% from the same period in 2001, but ahead of nine other destination areas except New York and Chicago.
ORLANDO-The one-time development charge on Oct. 1 goes to $17,706 per unit from $1,827 while general commercial projects will be paying $2,177 per project, up from $604.
ORLANDO-Gregg A. White, a supposedly wealthy real estate investor in the Bahamas, is accused of being one of the early owners of the defunct Evergreen Security Ltd. whose principals allegedly fleeced 2,203 American and foreign investors out of a total $214 million over a 10-year period.
ORLANDO-Fraud examiner Soneet R. Kapila, founding partner of Fort Lauderdale, FL-based Kapila & Co., is expected to forward his month-long report shortly to U.S. Bankruptcy Court Judge Arthur B. Briskman.
ORLANDO-The vice president of the Maitland, FL-based brokerage is $4 million ahead of his last year's six-month volume and sees a strong sales market ahead in both user buildings and investment properties.
MIAMI-The $14 million, eight-story, 208-unit Santa Clara Apartments is being developed in the city's strongest affordable housing sector, about two miles from Downtown. Related is contributing $12 million to the project; Miami-Dade County, about $2 million.
ORLANDO-Finova Capital Corp. of Scottsdale, AZ, owed $24.3 million by Orlando-based Vistana WGV Ltd., is expected to be the lone bidder at today's public foreclosure sale in St. Augustine, FL for the 102-unit, four-building timeshare resort at the 6,300-acre World Golf Village community.
