BONITA SPRINGS, FL-Jerry Starkey, president of WCI Communities Inc., sees customer traffic gradually returning to the multifamily, condo and single-family markets after a noticeable slowdown following the Sept. 11 terrorist attacks on New York and Washington, DC. Bonita Springs is 180 miles northwest of Downtown Miami.
ORLANDO-Geoffrey Longstaff, chief operating officer at the Maitland, FL-based firm, takes on added duties as director of the financial consulting sector. Realvest will target small companies inside and outside the real estate industry.
ORLANDO-Despite a 14% office vacancy level, Standard & Poor's Corp. sees clear sailing for Orlando's $13.25 million in tax increment revenue refunding and revenue bonds Series 2000 that go on sale Feb. 14.
MIAMI-The four-year-old spinoff from Lennar Corp. posted fourth-quarter net earnings of $33.56 million or $1.02 per diluted share, up 28% over $27.9 million or 80 cents per share in the same period last year.
BOCA RATON, FL-The Deerfield Beach, FL developer expects to break ground this spring on the first 350,000-sf phase of the five-building Quiet Waters Business Park with completion by year-end. The projected triple-net rent range is $4.75 per sf to $12 per sf.
MIAMI-The Greenwich, CT-based developer plans to break ground in February on a 15-story apartment-retail-parking building and a four-story retail-restaurant-office venture on Miracle Mile, the city's premier shopping district.
ORLANDO-The affluent Orlando suburb of 29,000 permanent residents is looking for new Downtown development opportunities to complement its nationally recognized urban village ambiance.
LEESBURG, FL-The 13-year-old, 100-acre incinerator complex in nearby Okahumpka, FL, Lake County, owned by Fairfield, NJ-based Covanta Energy Corp., formerly Ogden Corp., has a "liquidity crisis," the bond-rating agency finds. The plant is 48 miles northwest of Downtown Orlando.
ORLANDO-The Miami developer paid Avalon South Village LLC $11 million or $24,176 per acre (56 cents per sf) for 455 gross acres in Avalon Park on South Alafaya Trail in east Orange County.
MIAMI-The four-year-old spinoff from Lennar Corp. posted fourth-quarter net earnings of $33.56 million or $1.02 per diluted share, up 28% over $27.9 million or 80 cents per share in the same period last year.