ATLANTA-Jeff Hutchings, former director of client services for locally based Miller Richmond Co., has 20 years of experience in the Atlanta commercial architecture industry and brokerage services.
ATLANTA-Phil Taylor from Atlantech International is national sales manager replacing Gary Parnaby who moves up to vice president, institutional banking. Ken Christianson from ComputerJobs.com is senior vice president, marketing.
ORLANDO-The Oak Brook, IL-based REIT paid 2140 SCT Corp. of Newport Beach, CA $8.57 million or $113.52 per sf for the 75,492-sf, 100% leased Chickasaw Trails Shopping Center near Orlando International Airport, metro Orlando's next new commercial hot spot.
ATLANTA-The drooping high-tech sector is taking the area's office inventory down with it, dumping 4.5 million sf of sublease product in a market where net absorption in the first half dropped to 1.07 million sf versus 4.43 million sf a year ago.
ATLANTA-The 70-acre property with three buildings totaling 346,000 sf of R&D and manufacturing space in suburban Duluth, GA is selling for $23 million or $328,571 per acre ($7.54 per sf), down from the original asking price of $29 million or $414,286 per acre ($9.51 per sf). CB Richard Ellis Inc. has the new listing.
ORLANDO-Locally based Fields Motorcar Corp. is renting 7,000 sf in the 28,000-sf, 45-year-old, former Gibbs-Louis Inc. Building at 131 N. Orange Ave. for an estimated $30 per sf, among the highest ranges in the central business district, area brokers tell GlobeSt.com.
MONTVERDE, FL-An independent archaeologist retained by Lake County finds evidence of human life but no bones on a section of a 1,500-acre tract planned for 500 single-family and multifamily homes and two 18-hole golf course in this rural community of 882 permanent residents, 40 miles west of Downtown Orlando.
ATLANTA-As anticipated, the locally based real estate firm took a $47.1 million hit on its second-quarter earnings after settling a class action and related law suit and another suit from an Atlanta homeowners association.
ORLANDO-Developer Sergio Naya tells the court he has only $19,000 in the operating till and needs at least $110,000 to operate monthly and complete the second of two 17-story, 204-room hotel towers in Orlando's main tourist corridor in south Orlando. The second building in the Sandy Lake Towers venture has been under construction for 10 years.
ORLANDO-The New York Stock Exchange-traded local REIT is reporting strong first-half net earnings but is concerned over 22 closed properties where three national retailers have filed for Chapter 11 protection under the U.S. Bankruptcy Code.
