ORLANDO-For 30 years, Walt Disney World has set the pace in annually raising ticket prices to its 30,000-acre theme park emporium. But this year, for the first time, neighboring Sea World got the jump by pushing its net admissions to $50.83 from $48.88 per adult. Disney waited two days, then increased its tickets by $2 to $50.88, beating Sea World's price by a nickel. Universal Orlando's net $49.22 price is unchanged so far.
ORLANDO-The locally-based company is selling off 60-year-old tracts in Georgia and Florida to pay for new investments over the next 24 months in Orlando, Tampa, Jacksonville and Dade-Broward-Palm Beach Counties.
ORLANDO-In the highest per-sf land deal Orlando's largest business park has recorded in 37 years, TT of Sand Lake Inc. paid Orlando Central Park Inc. $3.6 million for a 6.55-acre tract that will house an undetermined franchised dealership.
ORLANDO-Celebration II will be a twin to the four-story, 80,334-sf Celebration I, currently 75% leased at average full-service rents of $21 per sf. Celebration is a four-year-old new-town-styled community developed by Walt Disney World.
POINCIANA, FL-Avatar Properties Inc. of Coral Gables, FL wants to step up development at its 1,200-acre Poinciana Office & Industrial Park, 20 miles south of Downtown Orlando and 10 miles south of Walt Disney World. The company sold 25 acres valued at $2 million in 2000.
ORLANDO-Locally-based Commercial Net Lease Realty Services Inc.'s NorthStar Advisory Group Inc. is also offering expertise from CB Richard Ellis Inc. and Deloitte Consulting.
ORLANDO-Archon Group of Las Colinas, TX developed the Greens at Eaglewood Apartments at John Young Parkway and Oakridge Road in south Orlando, the company's first area venture. Essex Builders Group, the project's general contractor, predicts a strong construction year in Central Florida in 2001, despite feared slowdowns elsewhere.
ORLANDO-Both sides feel they have the better bargaining hand in a dispute over who came up first with the idea for the three-year-old, 150,000-sf Wide World of Sports complex at Walt Disney World's 30,000-acre enclave in suburban Lake Buena Vista, FL. A settlement for a lesser amount would avoid an expensive hearing shortly before the Fifth District Court of Appeal in Daytona Beach, FL.
ORLANDO-CLT Meetings International of suburban Maitland, FL is moving its 60-person staff into a refurbished 40,000-sf warehouse formerly occupied by Barnie's Coffee & Tea Co. on Primrose Drive in east Orlando.
ORLANDO-Paladyne Corp. of suburban Lake Mary, FL is paying $5 million in cash and transferring 4.1 million shares of preferred stock to E-Commerce Support Centers Inc. of Jacksonville, NC. The companies are entering the customer-relationship management business.
