ORLANDO-Florida's second largest grocery chain flicked the lights on 6.84 million sf of retail space and eliminated 11,000 jobs after losing $229 million in fiscal 2000.
ORLANDO-The high-fashion firm's parent, St. Louis-based May Department Stores Co., will pay Saks Inc. about $310 million or roughly $34 million per store for five Parisian locations in Tennessee; three in Louisiana; and the Orlando site. The deal is expected to close in March.
ORMOND BEACH, FL-The forest product sales and commercial real estate development company thought it would have clear sailing on a planned 2,700-home community after selling 11,000 acres for environmental preservation next to the development site. It was wrong.
ORLANDO-The last audited period in November shows total occupancy of 67.8%, an increase from 67% in the comparable 1999 period. Average daily room rates are at $85.49, up 3.8% from $82.38 in November 1999, according to Tennessee-based Smith Travel Research.
ORLANDO-Darrell Kelley, president of the 30-year-old Economic Development Commission of Mid-Florida Inc. and a retired Sprint Corp. executive is resigning to get into unspecified entrepreneurial activity. Jeffry Fuqua replaces Mel Martinez as chairman of the Greater Orlando Aviation Authority. Martinez is the new Secretary of the U.S. Department of Housing and Urban Development.
ORLANDO-Realvest Partners Inc. founder George L. Livingston says overseas corporations are shedding assets to clean balance sheets but the high yields investors have been garnering may be coming to an end.
TAMPA, FL-James D. Means, former asset management director at Portland, ME-based UNUM Life Insurance Co. of America, and investor Robin M. Hester paid UNUM $6.36 million for the 20-year-old, 244-unit, 99%-leased Swan Lake Apartments in the bustling Carrollwood neighborhood of Tampa, 80 miles west of Downtown Orlando.
ORLANDO-At 3 a.m. the City Council of Clermont, FL voted 3-2 to give the green light to the Minneapolis, MN-based retailer to build an estimated $23-million, 186,500-sf superstore here.
