MELBOURNE, FL-Atlantic Realty Cos. of Vienna, VA sold the 10-story, 150,000-sf, 16-year-old Rialto Office Place Tower, adjacent to the Hilton Hotel, to Rialto LLC for $14.5 million. Melbourne is 60 miles southeast of Downtown Orlando.
ORLANDO-Martin W. Boelens Jr., who managed the secretive Orlando-based Evergreen Security Ltd.'s mortgage-backed investment fund for three years, denying any knowledge of his New York associates' fraud scheme, faces 15 years of hard time.
TAMPA, FL-In what is believed to be one of the largest land purchases in Central Florida in the last decade, the Dallas-based community developer paid Conner Land Ltd. an estimated $10,890 per acre or 25 cents per sf for the dirt, 85 miles northwest of Downtown Orlando.
ORLANDO-The 164-year-old New York jeweler is building a 5,700-sf store at an estimated cost of $1.5 million at the 1.3 million-sf shopping center being developed by Michigan developers Alfred Taubman and Forbes Co. and scheduled to open this fall in south Orlando.
ORLANDO-New York-based Lend Lease Real Estate Investments Inc. picked Crow over Cushman & Wakefield of Florida Inc., CB Richard Ellis Inc. and Grubb & Ellis Co. The value of the leasing/management contract wasn't disclosed.
GROVELAND, FL-The $12 million, 121,392-sf distribution center at the 500-acre Christopher C. Ford Industrial Park in south Lake County is rescheduling the facility's opening date to February after re-designing the building. A December opening had been scheduled.
FORT LAUDERDALE, FL-W.F. Developments Inc. of nearby Weston, FL plans to open the first of 11 low-rise buildings in June at the 72,000-sf Lakeview Professional Village in Coral Springs, FL.
ORLANDO-Construction on the 18,600-sf golf maintenance building is tentatively scheduled for later this month at the 2,500-acre mixed-used venture just south of Walt Disney World's 30,000-acre empire in northwest Osceola County, 25 miles south of Downtown Orlando.
ORLANDO-The 1,406-room resort and 400,000-sf convention center is welcoming paying guests today even though the formal grand opening of the $450 million enterprise isn't until Feb. 2. The hotel has set a local industry record by booking one million room nights through 2011.
MIAMI-The Florida Multi-Housing Group at CB Richard Ellis Inc. sells three multifamily properties totaling 881 units for $66 million or an average $74,915 per unit in the last five months.