ORLANDO-A Middle East investment group has signed a contract for $24 million to buy the 408-unit, twin 17-story condominium-hotel project in Orlando's main tourist corridor, say real estate brokerage sources intimate with the bankruptcy proceedings.
TAMPA, FL--Reversing its role of buying retail properties outright, the Oak Brook, IL-based REIT has retained AG Development Group Inc. of Tampa and Gustine Co. of Pittsburgh, PA to construct the 89,070-sf Shoppes at Golden Acres in New Port Richey, FL, on the Gulf of Mexico, 20 miles north of Tampa and 95 miles west of Downtown Orlando. A 44,271-sf Publix Supermarket is the anchor.
ATLANTA-The 38-year-old Dallas-based developer is interviewing candidates to run the Southeast division and probably will open for business here in about 90 days, according to industry sources intimate with the company's expansion plans.
ORLANDO-Columbus, OH developer Ronald A. Pizzuti isn't tagging his 996,000 sf of class A office and land at the 500-acre Heathrow International Business Center, 25 miles north of Downtown Orlando, but independent commercial appraisers tell GlobeSt.com the entire package should go for at least $227 million.
CHARLOTTE-The transaction does not affect the ownership of any real estate assets. The acquisition means 233 full-time Trammell Crow employees in Charlotte, Orlando, Atlanta and Bethesda, MD now will be working for Faison Enterprises.
PEMBROKE PINES, FL-A private firm, FWI 12 LLC, paid Paradise Group of Safety Harbor, FL $10.3 million for the 98%-leased, 69,475-sf Publix at Laguna Isles shopping center here at Sheridan Street and SW 196th Avenue, 25 miles north of Downtown Miami.
ORLANDO-Indra Sistemas SA, the largest computer services company in Spain, will be reimbursed $640,000 by the state and $160,000 by Orange County over the next six years if it makes good on a promise to add 160 employees to its existing staff of 34 at an average annual salary of $61,000.
CLERMONT, FL-Environmentalists' hopes of barring commercial/residential development at the controversial 1,434-acre, 350-foot high natural recreation area, 25 miles west of Downtown Orlando, are all but gone today after elected Lake County officials flatly rejected a $25 million asking price ($18,000 per acre) from Tampa realtor/developer John Reaves.
COLEMAN, FL-Despite protests from nearby Indian Oaks subdivision residents, the U.S. Bureau of Prisons has broken ground on an $89 million, 884-cell men's correctional facility that will house 1,000 inmates in this rural Sumter County town of 3,876 permanent residents. The site is 95 miles northwest of Downtown Orlando.
