TAMPA, FL-The Jupiter, FL-based development and investment firm paid Dallas-based Archon Group $14.5 million for the 28-year-old, 85%-leased, 177,486-sf asset in Downtown Tampa, 80 miles west of Orlando. An adjacent five-acre, parking-lot parcel was also part of the deal.
ORLANDO-The 14-year-old, locally based firm racked up a record $28.9 million in sales last year, selling everything from corner pizza parlors to million-dollar real estate assets. This year, the firm is aiming for $40 million, an unprecedented figure in the Florida brokerage industry.
ORLANDO-A joint venture of Cigna and Interstate Hotels Corp. has bought the 508-room Sawgrass Marriott Resort in Ponte Vedra Beach, FL from Resort Holdings I Ltd. and PV Resort Inc. for $200,787 per room.
ORLANDO-The Orlando division of the Texas-based builder is shooting for the vaunted 1,000-home sales mark in 2001, a plateau no metro Orlando builder has ever reached.
ORLANDO-The Dallas-based builder is erecting Park Maitland Villas, a 70-unit, gated townhome community priced from the $130s to the $170s on Lake Howell Road in suburban Maitland, seven miles north of Downtown Orlando.
ORLANDO-Prudential Florida Real Estate Center Inc., with eight offices and 200 associates, picked up Prudential Gallagher Properties Inc. for an undisclosed sum.
ORLANDO-The Dallas-based investor paid $27 million for the 147,214-sf, 96%-leased CrossRoads of Lake Buena Vista at the Buena Vista entrance to the Walt Disney World Resort here. The price was the highest this year and one of the highest in the last 10 years.
ORLANDO-The change of command will take place after Cendant Corp., the New York-based parent of locally based Fairfield Communities Inc., closes on the Fairfield acquistion in April.
CLERMONT, FL-One of the suitors for the 30-year-old, former 68-bed South Lake Hospital, 25 miles west of Downtown Orlando, is Sam McDowell, a former Cleveland Indians pitcher who wants to convert the facility to a rest home for retired athletes.
ORLANDO-The 10-year-old Altamonte Springs, FL-based general contractor is shooting for $30 million this year by expanding its geographic scope to Cleveland, Nashville, Texas and California.
