CLERMONT, FL-The old 45-foot high limit is still in the code books but this Orlando bedroom community may find a technical exception now that the fire department's new ladders can reach 60-foot high structures.
ORLANDO-The city is surfacing as one of Downtown's most successful rental property owners after a string of not-so-successful ventures in past years. The new Orlando Rage football team is turning out to be a potential $50,000-a-year revenue-maker for the city.
CHARLOTTE-The partnership allows the companies to offer developers, owners and brokers a complete on-line commercial real estate funding solution. The alliance is believed to be the first of its kind in the industry.
ORLANDO-The Hong Kong-based fashion designer is leasing 4,800 sf for an estimated five years at the 900,000-sf, 60-store Pointe Orlando themed retail center on tourist-heavy International Drive in the city's south end.
ORLANDO-WebVestors Equity Partners, headed by former restaurateur Ned Grace, will focus on startup companies marketing products related to defense technology but won't ignore the hospitality or real estate industries.
ORLANDO-Minimizing occupancy costs remains a dominant mission but it's not as important as it once was, according to a mini-study generated from the Florida Congress of the International Development Research Council, which met here in November.
CLEARWATER, FL-The 102-year-old, Miami-based department store chain is taking 65,000 sf for 15 years at the 90,011-sf Village at Countryside where it will house a Burdines Furniture Gallery, 80 miles west of Downtown Orlando. The estimated value of the lease is $12 million. The store sold its 180,000-sf location at the nearby Clearwater Mall for $4.75 million or $26.39 per sf.
CLEARWATER, FL-The 102-year-old, Miami-based department store chain is taking 65,000 sf for 15 years at the 90,011-sf Village at Countryside where it will house a Burdines Furniture Gallery, 80 miles west of Downtown Orlando. The estimated value of the lease is $12 million. The store sold its 180,000-sf location at the nearby Clearwater Mall for $4.75 million or $26.39 per sf.
ORLANDO-The official Orange County real estate records show the three retailers purchased individual tracts at the planned 1.3-million sf Mall of Millenia in southwest Orlando. But in reality, Forbes Taubman Orlando LLC Millenia, the mall's developer, bought 83 acres from the mixed-use venture's master developer, Orlando Southwest Partners, for about $19 million or $228,915 per acre ($5.26 per sf), then deeded back two 13-acre parcels and an estimated nine-acre parcel to the retailers.
ORLANDO-With its last big deal wrapped up, the brokerage is leaving the local commercial real estate turf. Headed by Floyd Fawsett, a former professional football halfback with Atlanta in the 1950s, the firm's main client for most of its existence was the wealthy Saudi Arabian family directed by Yousef Jameel.
