ORLANDO-Asking prices on most hotel properties haven't yet dropped but the lack of available debt is hurting investment and development, Robin L. Webb, vice president/managing broker, Arvida Realty Services Commercial Division, tells GlobeSt.com.
LEESBURG, FL-This twin-screen, 64-year-old, 540-seat emporium is raising the curtain again in June as a karaoke lounge on one side and live stage performances on the other.
ORLANDO-The Charles W. Rex Jr. Administration, Science and Math Building at the private Lake Highland Preparatory School, and Push Inc.'s advertising headquarters structure also were recognized by the Downtown Orlando Partnership.
JACKSONVILLE, FL-Florida's largest landowner and developer posted first-quarter net income of $11 million or 13 cents per diluted share on revenue of $140.1 million, down from a net of $18.8 million or 22 cents per diluted share on sales of $211 million in last year's first quarter.
JACKSONVILLE, FL-A partnership jointly controlled by New York-based Tarragon Realty Investors Inc. and Aetna Life Insurance Co. has acquired a total 976 newly completed, two-story garden apartments units developed by Tarragon in North Florida and Georgia for $62 million cash or about $63,525 per unit.
ORLANDO-After eight years of court clashes with the Orange County Property Appraiser and an estimated $200,000 in legal costs paid for by taxpayers, the Greater Orlando Aviation Authority will pay the bill and avoid $1.3 million in accrued interest fees. Chicago's Pritzker family operates the Hyatt.
ORLANDO-After a fourth-quarter loss of $9.1 million, the 73-year-old national wholesale distributor of commercial and industrial materials, posted a net profit of $6.4 million on sales of $775 million in first quarter 2001 that ended April 30.
EUSTIS, FL-Johnny Smith, owner of Lake Mechanical Contractors Inc., which has completed projects valued at over $100 million at Walt Disney World, wants to be a commissioner and sit next to his wife, Evelyn, a commissioner and former mayor of this city of 15,000 residents, 32 miles northwest of Downtown Orlando. But Smith's opponent says that isn't kosher.
ORLANDO-Passenger-waiting facilities would have to be built at eight cities where other new commercial development is envisioned by summer 2002, if Federal and state funding for the venture can be found.
ORLANDO-Projects now in the pipeline will profit nine months from now as development sites turn scarce and dirt prices climb to sticker-shock levels, the director of Virginia-based CORFAC International Inc. and chairman of Realvest Partners Inc., tells GlobeSt.com.
