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.
MIAMI-Schmier & Feurring Properties of Boca Raton, FL paid $21.7 million for the eight-year-old, 138,000-sf former warehouse property at 791 Park of Commerce Boulevard in the Arvida Park of Commerce. Boca is 70 miles north of Downtown Miami.
MIAMI-Bryason Realty Corp. of Boca Raton, FL chips away at the retail market by signing Cora Healthcare to 2,523 sf in West Boynton Beach, FL. The Family Dollar and Cora leases are both for five years with an estimated aggregate value of $1.32 million.
ORLANDO-In its first multifamily venture in Central Florida, the Dallas-based homebuilder has sold 37 homes or 17% of the planned 216-home community at the Villas at Waterford Lakes in southeast Orlando at an average price of $124,300 per unit.
ORLANDO-In Central Florida's biggest office deal of the year, Inland Real Estate Acquisitions Inc. of Oak Brook, IL paid an estimated $88 million for 440,000 sf of class A space in three of the four existing office buildings at the 109-acre Celebration Place Office Park in Celebration, FL, 20 miles south of Downtown Orlando.
ORLANDO-In Central Florida's biggest office deal of the year, Inland Real Estate Acquisitions Inc. of Oak Brook, IL paid an estimated $88 million for 440,000 sf of class A space in three of the four existing office buildings at the 109-acre Celebration Place Office Park in Celebration, FL, 20 miles south of Downtown Orlando.
ORLANDO-The $800 million structure, targeting international travelers, isn't expected to break ground until 2007 or until passenger demand reaches the annual 38 million mark, up from 28.3 million in 2001, Orlando International Airport officials confirm.
ORLANDO-The price equates to $170,370 per room for the 80-year-old, 27-room hotel and $19,828 per seat for the 230-seat lounge and dining areas of the 23-year-old Park Plaza Gardens. Park Avenue Plaza Winter Park Ltd. bought the 1922-era property from Park Avenue Holdings Ltd.
MIAMI-The 11-building, $17.5 million Emerald Lake project is being constructed at a development cost of $61,620 per unit in Lake Worth, FL, one mile south of the Palm Beach Community College, 90 miles north of Downtown Miami.
ORLANDO-No matter what price he is offered, Dino Paspalakis vows he will keep his three 40-year-old arcades on an estimated two oceanfront acres in his family. The city can't redevelop a decaying Main Street Pier area without the properties and may have a court resolve the issue.
