ORLANDO-Suburban pockets with strong population growth and large tracts (50 acres or more) to accommodate superstores and home improvement centers will be taking play away from most urban areas, predicts a new study by Orlando-based St. Joe Commercial.
MIAMI-The locally based telecommunications management and real estate company lost $33.9 million in the first nine months of 2001 compared to a loss of $32.2 million in the same 2000 period. Third-quarter Data Center revenue is up 72% to $700,000 from $400,000 in the same 2000 period.
MIAMI-The locally based telecommunications management and real estate company lost $33.9 million in the first nine months of 2001 compared to a loss of $32.2 million in the same 2000 period. Third-quarter Data Center revenue is up 72% to $700,000 from $400,000 in the same 2000 period.
ORLANDO-Only 20 multifamily properties were sold in 2001, the lowest number in four years, a new CB Richard Ellis Inc. analysis shows. But average closing prices on units that sold were the highest at $59,854.
ORLANDO-Central Florida's most visible commercial real estate owner/developer was selected by the International Olympic Committee as one of the flame-bearers for his philanthropic and community involvement in metro Orlando.
MIAMI-South Florida developer Jules Trump, no relation to New York developer Donald Trump, expects to break ground in May on the 51-story condominium-hotel venture in Sunny Isles Beach, FL, eight miles north of Downtown Miami.
DEERFIELD BEACH, FL-The five-year lease at Building 7, Enterprise Center, has an estimated aggregate value of $434,945 and brings the 49,440-sf structure to 100% occupancy. Average asking triple-net rent is $7.84 per sf.
ST. AUGUSTINE, FL-Florida East Coast Industries Inc., the largest commercial and industrial conglomerate in the state, lost $61.4 million in fiscal 2001 compared to a profit of $25.8 million in 2000. But the company's real estate division logged record revenue. Spec development is out for now.
ATLANTA-The hotel company's new vice president of strategy reports directly to John Sweetwood, president, Americas, Six Continents Hotels. Ward will develop the firm's regional five-year plan for growth and work on global expansion strategies.
ORLANDO-The 20-year-old locally based builder sold 31 units at an average $250,000 for an estimated monthly volume of $7.75 million, compared with 17 units for an estimated aggregate total of $4.25 million in January 2001.