ORLANDO-Prudential Real Estate Investors and Heller Financial get $47 million for the 15-story, 393-room property, one of the first non-Disney-owned hotels to be built at the Lake Buena Vista, FL attraction in 1972.
LEESBURG, FL-This Lake County city of 15,624 permanent residents, 45 miles northwest of Downtown Orlando, plans to place a large slice of its prime 900-acre wastewater treatment sprayfield up for sale to developers and entrepreneurs.
ORLANDO-Prudential Real Estate Investors and Heller Financial get $47 million for the 15-story, 393-room property, one of the first non-Disney-owned hotels to be built at the Lake Buena Vista, FL attraction in 1972.
ORLANDO-The 4,000-acre Orlando Central Park bought the dirt to make sure Lockheed had future access to the fast-developing Sand Lake Road and Universal Boulevard axis in south Orlando, broker J. Gary Castle tells GlobeSt.com. OCP paid Overstreet Investment Co. $5 million or $726,744 per acre for the land.
ORLANDO-The locally based company paid $15.79 million ($93,988 per room) to Courtyard Management Corp. for the 168-room Courtyard by Marriott in Overland Park, KS and $8.82 million ($73,517 per suite) to SpringHill SMC Corp. for the 120-suite SpringHill Suites by Marriott in Raleigh, NC. CNL is leasing back the properties to the sellers.
HEATHROW, FL-The suburban broker did $170 million last year, with 25% of the transaction total generated from individuals relocating to Central Florida. Roger Soderstrom, the firm's founder/owner, tells GlobeSt.com he is counting on the relocation wave to continue in 2001. Heathrow is 25 miles north of Downtown Orlando.
ORLANDO-The land housing the 54,000-sf Mystery Fun House, an International Drive tourist corridor attraction for 25 years, is expected to go for about $1 million per acre or $22.96 per sf, local brokers tell GlobeSt.com.
ORLANDO-British-born Robert I. Earl is teaming with longtime friend, the 11th Earl of Sandwich, to form a lunch-hour delivery service for office workers in Downtown London. Robert Earl has lost millions in the Orlando-based Planet Hollywood undertaking since the company went public in 1996.
ORLANDO-Realvest Partners Inc. founder/chairman George D. Livingston says building owners need to know every aspect of a company's business before offering a lease and drafting its terms. Livingston is moderating a panel on high-tech property issues at the winter conference of Corporate Facility Advisors International.
ORLANDO-The new inventory trailed Dallas-Fort Worth, 24,347; Atlanta, 13,799; and Houston, 12,691. Phoenix is in fifth spot with 9,456 new apartments built last year, according to a new analysis by Carrollton, TX-based M/PF Research. Metro Orlando has 120,321 apartment units, up from 110,723 at year end 1999.
