ORLANDO-ConAm investment group paid SSR Realty Advisors $21.9 million or $59,511 per unit for Willa Springs, a 368-unit community in suburban Winter Springs. Reliance Housing Foundation acquired the 228-unit Village Lakes in Sanford, FL for $9.45 million or $41,447 per unit.
ORLANDO-CalPers, LaSalle Investors, Lend Lease Investments and Adler Development are going with David Murphy to rent their three industrial assets totaling 1.12 million sf in Central Florida's vibrant bulk warehouse, service center and flex space markets.
ORLANDO-In a consolidation mode, Florida Power Corp. is taking 85,000 sf for 10 years at the Indianapolis REIT's 110,000-sf North Point Park of Commerce in suburban Lake Mary, FL. The estimated value of the lease, which has five five-year renewal options, is $17 million.
ORLANDO-Lavern Kelly, president of KNA Services Inc., a public relations firm, charges Hunt/Clark/Construct II asked her to mislead Orange County officials on the hiring count of qualified female subcontractors and minority firms at the $750 million, 1.1 million-sf expansion of the four million-sf Orange County Convention Center.
ORLANDO-"There are no signs of a real estate crash, not even in markets that are by every sane measure overbuilt," George Livingston, Florida chapter president of Paris-based FIABCI International and president of Realvest Partners Inc., tells GlobeSt.com.
ORLANDO-The Chicago investment family, matching rival Hilton Hotel Corp. project for project, is starting the venture with a 1,500-room hotel that will be built to house another 1,000 rooms in five to 10 years. The Orlando hotel then would surpass Hyatt's largest property in Chicago by 500 rooms. Orlando currently boasts of having 111,000 rooms, the highest in the nation.
ORLANDO-Central Florida's 46 million-sf market, with a low 6.4% vacancy level, will probably see only 5.8 million sf of new product in 2001, almost half of the 2000 volume, according to new separate analyses by Marcus & Millichap and Grubb & Ellis Co.
HEATHROW, FL-North Carolina day care center developer Kopez Investments Inc. pays $699,000 for the dirt and plans a 24,000-sf Little Pro Academy facility at Heathrow International Business Center, 25 miles north of Downtown Orlando.
ORLANDO-Quality sites are getting harder to find at reasonable prices while runaway construction of multifamily product will limit dirt sales, land broker Keith Ray tells GlobeSt.com.
