ATLANTA-Pannatoni Development Co. of Sacramento, CA has its new Kendall Distribution Center at 105 Kendall Park Lane fully leased at average asking rent of $3 per sf. Acuity moves into the space in May.
ORLANDO-March 1 is the deadline for developers to vie for contracts on a planned $100 million, 486,300-sf convention center in Osceola County. A deadline for a planned $65.8 million agricultural center is still being determined. Ginn Co., Xentury City and Rob Miller are expected to submit separate development bids.
ATLANTA-Fewer sale deals are being made and those that are closed are staying on the market longer than in the past, a new Bullock Mannelly Partners Inc. study shows. Vacancies in the 141 million-sf retail inventory are expected to rise this year.
MIAMI-Locally based Esslinger-Wooten-Maxwell has moved in quickly to log 10 purchase contracts on the remaining unsold 144 units at the 630-unit Blue and Green Diamond Condominiums at Collins Avenue and 47th Street, a prime Miami Beach high-rise residential location.
ORLANDO-The St. Johns Water Management District, which carries a big stick in Florida commercial development circles, wants Volusia County to kick in $750,000 for the $1.5 million purchase ($1,078 per acre) of the Menard Ranch near Samsula, FL, 50 miles north of Downtown Orlando. The deadline is March 7. The land will be used for preservation.
ORLANDO-In the past two years, the Bentonsville, AR-based retailer has been rejected in Clermont, FL and in the Sanford, FL vicinity of Seminole County. Wal-Mart is going cash register to cash register with Minneapolis-based Target Stores Inc. in several area communities, but is still the market share leader among big-boxers.
ORLANDO-The California investor paid Maitland, FL-based Maitland Springs Inc. and developer Mike Fess of Equity Partners Inc. $18.55 million for the one-year-old, 100%-leased, 102,239-sf Sprint PCS Regional Communications Center at 965 Keller Road, Maitland.
ATLANTA-Fewer sale deals are being made and those that are closed are staying on the market longer than in the past, a new Bullock Mannelly Partners Inc. study shows. Vacancies in the 141 million-sf retail inventory are expected to rise this year.
FORT LAUDERDALE, FL-Locally based Stiles Corp. was also named member company of the year by the South Florida chapter of the National Association of Industrial and Office Properties.
ORLANDO-A clear signal that the locally based global timeshare developer is coming out of Chapter 11 reorganization shortly surfaced today. The company named Paula Woodgate CEO of Sunterra Europe (Group Holdings) plc; and Michael Hall president of Las Vegas-based Sunterra Financial Services Inc.