ORLANDO-If you are an out-of-work bank executive looking for a new six-figure job, you might want to apply quickly to James M. Seneff Jr., a developer/financier whose locally based CNL Holdings and other principals own the $104 million-asset CNL Bank.
ATLANTA-The Chicago entrepreneur's Equity Office Properties Trust, the area's largest office space owner, shelled out $6.6 million or $942,857 per acre ($21.65 per sf) to MetLife for a seven-acre pad zoned for high-rise office towers.
ATLANTA-The 405 million-sf warehouse/distribution market posted a first-quarter vacancy of 9.3% versus an average 8.7% for all of 2000. But new construction of 10.7 million sf shows development and tenant demand remain strong, especially in the bulk warehouse sector.
CLERMONT, FL-This Orlando bedroom community of 8,670 permanent residents in south Lake County is getting its first Outback Steakhouse as the Tampa-based restaurant chain completes a shopping center deal on busy State Road 50 for 6,000 sf with an estimated aggregate value of $1 million over 10 years.
ORLANDO-Orlando slipped to sixth place from second position behind Las Vegas in the final 2000 rankings of major markets by the University of Central Florida. The rankings are based on number of permits pulled per 1,000 non-agricultural jobs in 20 markets.
ATLANTA-The 405 million-sf warehouse/distribution market posted a first-quarter vacancy of 9.3% versus an average 8.7% for all of 2000. But new construction of 10.7 million sf shows development and tenant demand remain strong, especially in the bulk warehouse sector.
ORLANDO-Robert W. Miller, senior vice president, CB Richard Ellis Inc., Orlando, says deals are being done faster using the Internet but they are not closing in cyberspace. Michael Heidrich, a vice president at Realvest Partners Inc., flatly rules out Web deals.
ORLANDO-Robert W. Miller, senior vice president, CB Richard Ellis Inc., Orlando, says deals are being done faster using the Internet but they are not closing in cyberspace. Michael Heidrich, a vice president at Realvest Partners Inc., flatly rules out Web deals.
ORLANDO-Mired in red ink, locally based Sunterra Corp., once the highest time share flyer in Central Florida, has retained New York-based Insignia/ESG Hotel Partners as advisors in the planned sale of at least 30 of its 89 global time share resorts in the next seven months.
CLERMONT, FL-Orlando developers of the proposed $1 billion mixed-use venture, shot down by Lake County commissioners last September after developers failed to break ground at the five-year development deadline, argue other projects received additional time after missing similar deadlines. Clermont is 25 miles west of Downtown Orlando.
