MIAMI-The former vice president/international finance for Boca Raton, FL-based QOS Labs joins a locally based, privately owned development company completing its 70th year in business in South Florida.
ORLANDO-The 5th District Court of Appeal in Daytona Beach has ordered Florida Attorney General Robert Butterworth to return $570,000 of seized cash to real estate investor/club owner James Veigle, accused of allowing prostitution and illicit drug sales at his two Central Florida adult nightclubs.
MIAMI-London-based Center for English Studies, a 301 Las Olas Place tenant since 1998, is renewing its 16,408-sf space at the eight-story, 88,000-sf building in Downtown Fort Lauderdale, FL for seven years at an estimated aggregate rent of $1.72 million.
ORLANDO-Developer Dale Ladd's Highland Realty Co. is demolishing the former South Lake Hospital building and plans to break ground by year end on 45,600 sf of office, 24,600 sf of retail, 14,000 sf of restaurant and 9,000 sf of residential.
MIAMI-Prudential Real Estate Investors of Parsippany, NJ sold the 105,912-sf Crossroads Shopping Center at Royal Palm Beach, FL for $18.5 million ($175 per sf) and the 105,812-sf Coral Creek center in Coconut Creek, FL for $15.7 million or $148.38 per sf.
MIAMI-Vice presidents Lina M. Macki, Jose R. Vazquez Jr. and Raul G. Valdes-Fauli are new senior vice presidents in the commercial lending division of the bank's regional headquarters on Brickell Avenue.
ORLANDO-Sergio Naya, who missed a court deadline to submit a $24.6 million bid for his own Chapter 11-mired property, has agreed to pay Orlando timeshare developer David A. Siegel $197,208 a month at 20% interest on a $17 million first mortgage Siegel holds on the financially troubled condo-hotel property in Orlando's main tourist corridor.
BOCA RATON, FL-The timeshare and golf resort developer posted 46 cents per share versus net income of $2.7 million or 11 cents per share in fiscal 2002 that ended March 31. Timeshare sales reached a record $144.2 million, comprising 60% of total sales.
MIAMI-Locally based Esslinger-Wooten-Maxwell brokers have sold 83% of the 630-unit community at competitive prices of $300 per sf, bringing sales to $12 million with another $18 million waiting to close.
ORLANDO-Lake County developer Gary Morse, a staunch supporter of Gov. Jeb Bush and President Bush, is in a political and legal battle of his own as he fends of activist groups trying to cripple plans for the addition of 43,000 homes and four million sf of retail in Lady Lake, FL, one of the fastest growing communities in the nation.