JACKSONVILLE, FL-SB Jax, a private investment group, is closing out its North American commercial real estate portfolio with this transaction. The sale is expected to gross an estimated $25 million or about $100 per sf. Jacksonville is 230 miles north of Downtown Orlando.
ORLANDO-Billionaire team owner Richard DeVos is asking taxpayers to pay 80% or $200 million of a proposed $250 million Downtown basketball court. DeVos would pay $4.2% or $10.5 million. Government officials immediately rejected the offer.
ORLANDO-Annual acreage transactions finished 2000 at $44 million, down from a record $67 million in 1999. An Orange County moratorium slowed developers but allows the market to catch up, a new report by Grubb & Ellis finds.
ORLANDO-After two years of negotiations, Osceola County commissioners have struck a deal with entrepreneur Rob Miller: They'll underwrite the estimated $100 million cost of the venture's infrastructure if he comes up with a lead investor by Oct. 1. If he doesn't, the deal is off--and dead.
ORLANDO-Annual acreage transactions finished 2000 at $44 million, down from a record $67 million in 1999. An Orange County moratorium slowed developers but allows the market to catch up, a new report by Grubb & Ellis finds.
ORLANDO-The five-year-old former Lucent Technologies subsidiary is laying off 263 technicians after orders plummet from the telecommunications industry for its microchips. The chips are used in switching equipment that services high-rise office towers and corporate headquarters.
ORLANDO-In an unending scenario, the U.S. Department of Housing and Urban Development wants the five-citizen Sanford Housing Authority to return funds that were spent on non-authorized items. Sanford is 30 miles north of Downtown Orlando.
ORLANDO-Grubb & Ellis Co. is the first brokerage to pinpoint first-quarter weaknesses due to company downsizing, mergers and tenant relocations. The three million-sf southwest Orlando tourist submarket was hit hardest with vacancies of 21.4%.
ORLANDO-The U.S. Department of Housing and Urban Development is ordering the Sanford Housing Authority to get prior HUD approval for all expenditures not included in its approved annual budgets and wants a final say in the selection of a new executive director.
ORLANDO-F.F. South & Co., an Orlando and Washington, D.C.-based group of investors, is paying Enic PLC of London $15.9 million or about $80 per sf for the foundering, 26-year-old, 200,000-sf retail-restaurant-lounge operation. The deal won't be done, however, until May 1.
