ORLANDO-Cameron Kuhn, the former Chicago carpenter's helper-turned developer, is buying the 60-year-old Downtown Post Office building and a 45-year-old, almost-abandoned, former retail structure next week for a total below-replacement cost of $3.17 million or $33.72 per sf for the aggregate 94,000 sf.
ORLANDO-The tourist tax of five cents on a dollar from every rented room in the area's 110,000-room inventory is reaching $109 million a year and pays for the operations and maintenance of the four million-sf coliseum.
ORLANDO-The Newport, CA-based turbine engine maker and Orange County have closed a $280,000 deal to allow the manufacturer to start developing a $40 million, 91,000-sf plant next year in Orlando Central Park.
ORLANDO-The retail specialist closes on five leases at five centers totaling 4,559 sf and valued at an estimated $1 million, bringing her aggregate leasing total in the two years she has been with the brokerage to 67,000 sf.
ORLANDO-Paul Straubinger of Realvest Partners Inc. is scouting Sanford, FL for new development sites to house 5,000 sf to 20,000 sf buildings for niche tenants that require more open yard space than interior office/storage room.
SANFORD, FL-Hit by a series of court-ordered judgments against the Sanford Housing Authority, executive director Timothy Hudson is resigning March 15 amid a cloud of allegations that he and the agency misused about $1 million of federal funds.
ORLANDO-At 69, Hal Sumrall, a marketing authority on small business startups and international trade for 25 years, is leaving the Economic Development Commission of Mid-Florida Inc. to go into business for himself.
DAYTONA BEACH, FL-On the drawing boards for four years, the 14,000-sf, class A facility is proving to be the magnet for ballooning sales at LPGA International, a 4,500-acre, mixed-use venture, 50 miles northeast of Downtown Orlando.
ORLANDO-Realvest Partners Inc. of suburban Maitland plans to break ground in May on the first 100,000-sf phase of a 350,000-sf industrial park off the central business district. Three multifamily projects by other developers are also in the works.
ORLANDO--The billionaire co-founder of Amway home products breaks his silence in off-the-cuff remarks to the media by criticizing the area's hoteliers for not using part of their annual $110 million tourist tax kitty to pay for a new $250 million Downtown arena.
