ATLANTA-Laurel Baye Healthcare of Pawleys Island, SC paid an undisclosed sum for the total 263 licensed beds at Harvest Heights, Decatur, GA and Buford Manor, Buford, GA.
WINSTON-SALEM, NC-The North Carolina community bank posted third-quarter earnings of $283.5 million or 62 cents per diluted share, up 14.2% over $248,174 in the comparable 2000 period. Loan growth slows but the numbers are still healthy.
WILDWOOD, FL-An unidentified Brooksville, FL construction materials manufacturer has purchased 80 acres for an estimated $1.6 million ($20,000 per acre) and plans to build a 705,000-sf plant, the largest of its kind in Central Florida. The site is 55 miles northwest of Downtown Orlando.
ORLANDO-While it may appear to be easy revenue for a property owner, contracts with telecom companies need to be as legally binding as leases for interior space according to brokers, lawyers and developers.
ORLANDO-Commissioners won't pay the additional request until an estimated $100,000 audit is done on the $750 million expansion of the four-million-sf Orange County Convention Center, the largest public project ever attempted in Central Florida.
ORLANDO-The creditworthiness of a telecom tenant placing equipment atop an office tower sounds like an easy revenue generator but pitfalls are present without an ironclad lease, Trammell Crow Co. senior office broker Jason Kaiser tells GlobeSt.com.
DAYTONA BEACH, FL-The southeast regional office of Anaheim, CA-based Fremont Investment & Loan Co. is providing the funding for Bray & Gillespie III, local owners of the 76-year-old, 323-room oceanfront hotel. Daytona Beach is 50 miles north of Downtown Orlando.
KNOXVILLE, TN--The 11-year-old, locally based theater chain's Oct. 11 filing for protection from creditors in Nashville will leave the nation's largest movie exhibitor with 325 theaters and 3,700 screens, down from 4,361 screens at 396 locations in 32 states Regal Cinemas Inc. had once operated.
ATLANTA-Revenue per available room won't improve at full-service inns until fourth quarter 2002 and at limited-service lodges until early 2003, according to new joint research by Atlanta-based Hospitality Research Group- and Torto Wheaton Research of Boston.
ORLANDO-Historic Creations of Orlando Inc., which owns an estimated $5 million of developed Downtown real estate, plans to build its largest project to date, a 20-story, 288-unit community with 10,000 sf of ground-floor office and retail. Estimated cost: $30 million.
