ATLANTA-In a move to strengthen its Georgia corporate structure after senior executive Ray Owens left to enter private real estate investment fields, Houston-based PM Realty Group promoted two professionals from the Atlanta office.
ORLANDO-New passenger projections show the 2001 count slipped to 28 million from 30 million in 2000 and won't reach a previously predicted high of 38 million in 2005 until 2008 under the best conditions. A $30 million overhaul of the elevators at the 21-year-old terminal, however, is still scheduled to start in October.
ORLANDO-W.D. Childers, twice president of the Florida Senate, is part of an ongoing Pensacola, FL grand jury investigation in north Florida's Escambia County where his name is surfacing on $6.2 million in land deals the county did with a developer friend.
ORLANDO-Golden Fleece Groves Inc., Land of Growth Investment Corp. and Realtor/developer Charles Hwang envision the 283-acre, estimated $1 billion venture south of Leesburg, FL would have 130 acres of office; 13 acres of commercial; and 71 acres of single-family housing, restaurants and a hotel.
ORLANDO-New passenger projections show the 2001 count slipped to 28 million from 30 million in 2000 and won't reach a previously predicted high of 38 million in 2005 until 2008 under the best conditions. A $30 million overhaul of the elevators at the 21-year-old terminal, however, is still scheduled to start in October.
ORLANDO-NL Ventures III, a private equity fund sponsored by AIC Ventures, paid the electronics/microwave manufacturer $5.5 million or $44.39 per sf for TRAK's 33-year-old, 123,897-sf office/plant structure, then leased the property back to TRAK for 15 years at an estimated aggregate rent of $9.3 million.
ORLANDO-Vince La Mariana, former senior marketing officer/general manager of Mulialand in Jakarta, teams with Paula Buffa to handle three Westshore office properties.
MIAMI-The largest bank holding company in Florida expects to break ground in the third quarter on a three-building, 120,000-sf information technolgoy campus next to its corporate headquarters in Naples, FL, 120 miles northwest of Downtown Miami.
ORLANDO-The German investor consortium is going with the Orlando office of the Houston-based brokerage to manage and lease the 20-year-old, 92%-occupied, 136,264-sf 151 Southhall Lane office building in the suburban Maitland Center submarket. The value and length of the contract weren't disclosed.
MIAMI-Equity Trust Group sold the 13-year-old, 216,128-sf, 80%-leased Uptown Downtown Outlet Center at Palm Beach County's busiest intersection to Sunrise, FL-based Jefferson Square Inc. for $6.5 million. The property has 149,484 rentable sf and is 70 miles north of Downtown Miami.
