ORLANDO-Rent increases will be moderate this year but demand for all product categories will outpace supply, says the president of the Orlando chapter, National Association of Office and Industrial Properties. Foreign investment will continue to be steady.
ORLANDO-Two once high-flying, high-speed Internet service providers for large office buildings are at end of their electronic Super Highway. In U.S. Bankruptcy Court, Cavu's core assets, developed for $74 million in 1999, were sold for $250,000 to Northwest Broadband of Yakima, WA.
TAMPA, FL-With one million sf of sublease product available, property owners are offering concessions and competing fiercely for creditworthy tenants but aren't tying up leases for lengthy terms.
ORLANDO-Developer Robert "Bobby" Ginn has tied up 4,669 acres on three major projects at Magnolia Creek in Osceola County, Orlando International Airport and Pine Island in Lake County. Wal-Mart, Sam's and Lowe's are buying near Simon Property's 1.1 million-sf Seminole Towne Center Mall in Sanford, FL.
TAMPA, FL-With one million sf of sublease product available, property owners are offering concessions and competing fiercely for creditworthy tenants but aren't tying up leases for lengthy terms.
MONTVERDE, FL-Diane M. Combs, of Choctaw descent, and the American Indian Movement of Florida allege Palm Coast, FL-based Ginn Co. is starting to install wells on an estimated $1 billion residential/recreational project in violation of Florida's Unmarked Human Burial Law. The site is 40 miles northwest of Downtown Orlando.
TAMPA, FL-The brokers put in seven years with their former employer, handling industrial, office and investment properties. They were joint recipients of the 1999 Gold Producer Award and the 1998 President's Award at NAI Krauss.
TAMPA, FL-The brokerage signed tenants to a total 40,437 sf valued at an estimated $3.92 million. The tenants are Craig/is Ltd. of Melrose, NY; URS Corp. of San Francisco; and Turner Construction Co. of New York.
ORLANDO-Acknowledging that company chairman Michael Eisner's five-year-old Disney Institute Resort concept is a turkey, the theme park plans to tear down a fourth of the 800-room property in the spring and build 192 timeshare units for its in-demand Disney Vacation Club division.
ORLANDO-With its 1,000 acres almost at capacity use, officials at the east Orange County property are talking with owner Eloise Rybolt. But so are conservationist groups who want the dirt preserved and barred for commercial development.
