ORLANDO-Although best-known internationally for its tourist image and 100,000 hotel rooms, this city is becoming a model of regional pluralism, similar in some respects to San Jose, CA and the Route 28 region in Boston.
DAYTONA BEACH, FL-The property is along the western edge of Interstate 95 in the LPGA International mixed-use community here, 50 miles northeast of Downtown Orlando. No asking price has been set yet, but area brokers tell GlobeSt.com comparable dirt has gone for about $2 per sf or near $100,000 per acre.
FORT LAUDERDALE, FL-The South Florida brokerage isn't doing a whole lot of mega deals but continues to close on a stream of one-to-five-year leases in a market where new product may not be as plentiful as years past.
MARGATE, FL-The 21,145-sf asset at 9705 S. State Road 7 sold for $1.2 million or almost three times its 1981 price of $499,000 ($23.60 per sf). The Broward County property is 35 miles north of Downtown Orlando.
ORLANDO-Buyers are plunking down deposits at an unprecedented pace for three-bedroom homes priced from the $110s to the $130s in this new 1,500-acre, mixed-use Avalon Park community in east Orange County, about 10 miles from Downtown Orlando.
ORLANDO-The $1 billion, 1.1 million-sf themed retail emporium already has signed four anchors for a total 347,000 sf out of a rentable inventory of 850,000 sf at a can't-miss intersection location across from Universal Orlando.
MOUNT DORA, FL-Lifelong devotees of the classic vehicles circuit, Kerry and Cindy Bogard are building a 7,000-sf showroom and exhibit center in this Lake County city, 30 miles northwest of Downtown Orlando.
ORLANDO-The never-say-die developer is submitting a new application for $8 million in startup state funds and $22 million in long-range money. The 35-mile system would run from Lake County to Downtown Orlando. The state pulled the plug on the project in January.
MIAMI-Meba Inc. and Pine Dade of Miami Inc. sold the .872-acre commercial pad at 7301 to 7331 SW 57th Court in South Miami to the 7300 Investments group. The less-than-an-acre dirt carried a price tag of $40,000 when it was sold in 1978. That would have brought a gross return of 6,500% if the current seller had owned and held on to the dirt 22 years ago.
CHARLOTTE-A consortium of venture capitalists, led by Banc of America Mortgage Capital Corp., is betting the seven-month-old, locally-based online firm will emerge as the leader in a fiercely-competitive industry.