MIAMI-Locally-based Swire Properties and Mandarin Oriental International Ltd. built the 329-room, 20-story, $100 million Mandarin Oriental, Miami at a development cost of $303,951 per room. The grand opening is March 31.
CHARLOTTE-The locally-based e-marketplace for commercial real estate operations says the new feature will make life easier for property owners and their service contractors to vie for online-posted jobs while away from their offices.
ORLANDO-The New York location could open in the first quarter at an estimated preliminary development cost of $5 million. The NBA won't receive a share of the operating revenue until the restaurant is profitable.
EUSTIS, FL-U.S. Nutraceuticals plans to process raw materials, such as saw palmetto berries and kava-kava, and wholesale the product to national and international herbal supplement retailers and distributors. Eustis is 32 miles northwest of Downtown Orlando.
NORTH PALM BEACH, FL-Locally-based Bankrate Inc. doesn't deny signing a 10-year, 40,000-sf lease for a new headquarters at Abacoa Business Park in Jupiter, FL, but argues the space wasn't ready when it wanted to move in. That voided the contract, the tenant maintains. North Palm Beach is 90 miles north of Downtown Miami.
ORLANDO-With third-quarter profit down by 9%, the locally-based manufacturer of soy and vegetable-based foods could also be considering reducing plant space at its south Orlando headquarters at 2441 Viscount Row.
ORLANDO-With a nine-month loss of $27.2 million, locally-based World Commerce Online Inc. is bringing in former Oracle Corp. executive Joe Dugan and Federal Reserve Bank of Atlanta director Michael Poole to help company chairman Robert Shaw turn the company around.
ORLANDO-Locally-based Fairfield Communities wants to put on a fresh face and shoot for time-share revenue in Las Vegas by expanding its one-year-old partnership deal with gaming nabob Harrah's Entertainment.
LAUDERDALE LAKES, FL-The 10-year-old sports and fitness store operator is checking out expansion sites in Broward and Palm Beach counties where full-service rents are $17 per sf to $22 per sf, almost double what the company is currently paying at its 100,000-sf headquarters site here. Lauderdale Lakes is 35 miles north of Downtown Miami.
ORLANDO-David J. Patten, president of Interlachen Commercial Mortgage in suburban Winter Park, will sit on the trade association's board for a 12-month term. Patten is the current president of NAIOP's Central Florida chapter.