NAPLES, FL-Lawsuits are threatened as developers argue the $1,066 per-acre charge is excessive and doesn't relate to the amount of work needed on area roads. Thirteen courses in this affluent community on the Gulf of Mexico claim they are overpaying $1.3 million.
FORT LAUDERDALE, FL-Four buildings, from 36 years to 44 years of age with a near-ocean location commanded a selling price of $6.75 million or $179.78 per sf. But that's not the end of the story. Ten years ago, the same properties, totaling 37,546 sf, went for $6.85 million or $182.44 per sf. The assets are 30 miles north of Downtown Miami.
ORLANDO-Local corporate support for Florida A&M University's planned Downtown campus won the attention of the 13-member Florida Board of Regents which unanimously selected this tourist mecca over Tampa, FL and Lakeland, FL. The ground-breaking is tentatively scheduled for next summer.
MIRAMAR, FL-The Atlanta bank is providing a total $24 million in construction loans for two warehouses and an office building here in Broward County, 30 miles north of Downtown Miami.
LEESBURG, FL-The Department of Environmental Protection wants to take a year to make sure the 200 acres on a city sewage sprayfield aren't contaminated and don't pose a public health risk.
BOCA RATON, FL-Muvico Entertainment terminated its movie house lease prior to the sale of the 19-year-old, 52,750-sf retail complex at 21060 St. Andrews Blvd. here. Compson St. Andrews Associates paid River Woods of Tampa Ltd. $110.96 per sf for the 5.22-acre asset.
ORLANDO-Duncan R. Dickson's Halcyon Hospitality Recruiters differs from conventional staff leasing companies because it doesn't hire the line workers but only matches their talents with a client's needs. The client pays Halcyon for the service.
CLERMONT, FL-Although promoters of the 10th annual Great Floridian Triathlon claim the event generates about $1 million to local businesses, shopkeepers are criticizing the sports attraction for using public facilities at only a nominal fee. Clermont is 25 miles west of Downtown Orlando and is considered one of the area's top bedroom communities.
DEERFIELD BEACH, FL-Quorum Business Center purchased the 60,920-sf structure at 602 S. Military Trail here for $4.88 million or $80.16 per sf, the highest price the asset has commanded since going up in 1983. Deerfield Beach is 40 miles north of Downtown Miami.
MIAMI-The South Florida developer of townhomes and single-family product has a nine-month profit of $1.26 million or three cents per share on revenue of $50.5 million. That's up from a loss of $2.42 million or a loss of six cents a share on sales of $39.54 million in the same 1999 period.