ORLANDO-The locally based online firm's updated Chapter 11 bankruptcy petition shows debts of $4 million to Answerthink Consulting of Miami; $3.2 million to J2 Technologies of Dallas; and $386,181 to the Orlando law office of Miami-based Greenberg Traurig.
ATLANTA-The Alpharetta, GA-based software manufacturer will be selling its patented EtherLoop technology to broadband services providers installing high-speed Internet broadcast video lines into a half million guest rooms at 3,200 hotels in 100 countries and territories.
ORLANDO-The city of Orlando has cleared Baldwin Park Development Co. for ground breaking on the planned $1 billion, 1,100-acre mixed-use Baldwin Park community at the former Orlando Naval Training Center site, three miles east of Downtown. It's the biggest in-city development in 25 years.
ATLANTA-The New York-based ratings company revised the Atlanta homebuilder's outlook to 'positive' from 'stable.' S&P also affirmed its BB- corporate credit rating on Beazer's $300 million in senior notes and $250 milion revolving credit facility.
ORLANDO-A new analysis by the Orlando office of Grubb & Ellis Co. shows sublease product at 14 area big-box bulk distribution properties has mushroomed to 3.2 million sf from one million sf in July. Developers have all but abandoned the spec market.
ATLANTA-Stoney Ridge Apartments, a one-year-old, 108-unit garden apartment complex in Fayetteville, receives a $4.3 million loan at 7.2% interest over 10 years on a 30-year amortization schedule.
NASHVILLE, TN-Country Farm Family Buffet Inc. of Tullahoma, TN is taking 5,600 sf for five years at the 80,400-sf Campbell Station Shopping Center nearing completion at an estimated hard construction cost of $7.5 million or $93 per sf.
ATLANTA-The acquisition, expected to close in the fourth quarter, gives the Grand Rapids, MI-based manufacturer of office furniture and furnishings entry into the corporate menu and merchandising boards market.
TAMPA, FL-J. Scott Davis, former senior vice president/real estate banking group, becomes vice president/loan production in the Tampa, FL office of the Baltimore-based commercial mortgage firm. Tampa is 80 miles west of Downtown Orlando.
ORLANDO-Shot down on its earlier thrust to have the city/county/state build a new $250-million arena, the Richard DeVos ownership family of the NBA team is pressing for public funds by December so that the work may begin in early 2002 and be completed for the 40-home game schedule in 2003.