ORLANDO-Atlanta-based Six ContinentsSM Hotels Inc. names 10-year-old Prince-Bush-Smith Investments Inc. Franchisee of the Year in 2001 for undisclosed revenue generation, marketing and brand development. This is the first year the international hotel group has offered the money award.
ATLANTA-Stacey Corso, editor of Real Estate New York, a monthly Real Estate Media Inc. publication, will handle all aspects of commercial real estate in Atlanta's eight-county market, along with breaking major industry news in other Southeast areas. Corso may be reached at 212-929-6900 or [email protected].
ORLANDO-The city commission is expected to back Mayor Glenda E. Hood's 2002-2003 budget proposals today because adding an aggressive cultural tone to the area would help attract more big-name corporations, area commercial real estate brokers tell GlobeSt.com.
ORLANDO-Small buildings in good physical condition are also in demand by institutional buyers, George D. Livingston, founder/chairman, Realvest Partners Inc., tells GlobeSt.com. Pensions funds and insurance companies are scouting the state for new industrial acquisitions.
CLEARWATER, FL-An affiliate of Internacional Realty Inc. paid the Atlanta developer $70,175 per unit for the 11-year-old, 228-unit Post Court complex. Estimated replacement cost is at least $90 per sf, construction industry sources tell GlobeSt.com.
EUSTIS, FL-Higginbotham Auctioneers were unable to get potential buyers to go over the $39.31 per-sf level for the 76-year-old, 12,718-sf former landmark department store and restaurant property. Ferran's owners are looking for an offer around $950,000.
CLEARWATER, FL-An unidentified affiliate of San Antonio, TX-based Internacional Realty Inc. paid the Atlanta developer $70,175 per unit for the 11-year-old, 228-unit Post Court complex. Estimated replacement cost is at least $90 per sf, construction industry sources tell GlobeSt.com. Clearwater is 80 miles west of Downtown Orlando.
ORLANDO-Small buildings in good physical condition are also in demand by institutional buyers, George D. Livingston, founder/chairman, Realvest Partners Inc., tells GlobeSt.com. Pensions funds and insurance companies are scouting the state for new industrial acquisitions.
ORLANDO-Ginn Co. of Palm Coast, FL, one of Central Florida's most aggressive developers, is leasing 16,380 sf for an estimated five years at an estimated aggregate rent of $1.64 million.
ORLANDO-The 500 homes and apartment units at the former 1,100-acre Orlando Naval Training Center are expected to average $200,000 each for estimated gross sales of $100 million. Penny Pritzker heads the residential/commercial arm of the family's business.