ORLANDO-The locally based retail REIT posted first-quarter net earnings of $11.6 million or 38 cents per share compared to $8.6 million or 28 cents per share in the comparable 2000 period. FFO of $10.9 million or 36 cents per share, however, was down from $11.2 million or 37 cents a share in the same period last year.
ORLANDO-PricewaterhouseCoopers and Venture One report 18 first-quarter transactions totaling $104.9 million compared to 16 deals valued at $178.9 million in fourth quarter 2000. But total dollars invested in Florida for 2000 doubled 1999 volume.
TALLAHASSEE, FL-Proprietors could face jail time of five years and heavy fines if convicted of willfully allowing illegal drug sales to be made on their property.
ORLANDO-Mitsubishi Heavy Industries America Inc. of Newport Beach, CA has selected the 155,000-sf, 75%-leased Colonial Center 100 building being developed by Colonial Properties Trust in suburban Lake Mary, FL.
ORLANDO-The locally based manufacturer of wireless broadband communications systems used in high-rise office towers is laying off 52 workers on its 260-person staff after losing $19 million or 55 cents per share on first-quarter revenue of $7.5 million.
CLERMONT, FL-The 410-acre property has 90 acres of developable land and 320 acres under water but the site, 28 miles west of Downtown Orlando, would be perfect for the area's first large recreation park, county commissioners say. Developers want the dirt for home-building.
ORLANDO-Developers will be barred from erecting two or more houses, garage apartments and other small shelter projects on lots that don't have street frontage on two sides.
SANFORD, FL-A new appointee of the five-person board confirms she accepted a $200 Christmas bonus from HUD funds earmarked for tenants' services because other members did likewise.
CLERMONT, FL-City council must decide if it wants to give the boot to the Atlanta retailer as it did to Wal-Mart. After a political battle that lasted until 3 a.m., Target Stores squeaked by the city's 100,000-sf construction cap in February with a 187,000-sf structure.
ORLANDO-Mythlandia Inc. of Ruskington, England bought a 7,170-sf building in Kissimmee, FL from Osceola Mental Health Inc. for $490,000 or $68.34 per sf. Kissimmee is 20 miles south of Downtown Orlando.