ORLANDO-The 100-acre Ben White Raceway that hosted some of the world's famous four-footed trotters for 50 years is being put out to pasture and a $4.3 million recreational park is sprouting in its place, part of a $30 million public park-building initiative.
TAMPA, FL-The Tampa office of Advantis Real Estate Services Co. has won the exclusive sales listing for a 1.3-acre (57,200 sf) tract adjacent to the Florida State Fairgrounds and a quarter mile south of the proposed $50 million hospitality venture. Tampa is 80 miles west of Downtown Orlando.
CHARLOTTE-The North Carolina-based online commercial real estate finance provider and the Melville, NY-based consulting group of 1,000 national associates will share expertise in offering mutual clients a smorgasboard of funding services.
ATLANTA-The three-year-old, multifamily developer names Bernard Felder, former senior vice president, Banc of America Community Development Corp., Charlotte, to head the new division.
ORLANDO-Look for dirt prices to shoot up over the next 18 months, predicts George D. Livingston, founder/chairman, Realvest Partners Inc., Maitland, FL. Average industrial parcels in established parks are going from $2 per sf to $12 per sf in high-profile locations, GlobeSt.com research finds.
ORLANDO-The New Castle, DE-based firm pays Airport International Park of Orlando $2.03 million or $89,823 per acre ($2.06 per sf) for a 22.6-acre parcel on the west side of Orlando International Airport, the area's newest commercial hot spot.
ATLANTA-John O'Keefe, a north Fulton County office leasing specialist, has traded jerseys and today runs the leasing and marketing division of Highwoods Properties' Atlanta division.
ORLANDO-Look for dirt prices to shoot up over the next 18 months, predicts George D. Livingston, founder/chairman, Realvest Partners Inc., Maitland, FL. Average industrial parcels in established parks are going from $2 per sf to $12 per sf in high-profile locations, GlobeSt.com research finds.
ATLANTA-Roberts Realty Investors Inc. plans to build a 220-unit multifamily complex; 39,000 sf of office; 47,000 sf of retail; and 80 rental townhomes, all in north Atlanta.
ORLANDO-With most certificates of deposit in the 5% range and money market funds at the 3.5% to 4% interest level, investors are taking a second look at real estate investment trusts which have been averaging over 5% overall, industry sources tell GlobeSt.com.