ORLANDO-PricewaterhouseCoopers study ranks the state sixth nationally, attracting $549 million in 31 deals. Local firms garner $311 million in four transactions, improving Orlando's image as a maturing high-tech investment sector.
MIAMI-Small, well-maintained structures continue to command top-of-the-line prices. A 7,563-sf, 45-year-old building in Coral Gables, FL has sold for $1.135 million, a sound market value but still below the $1.25 million tag it carried in 1981, brokers say.
ORLANDO-Even though a Miami-Dade county rezoning decision may take a year, the Coral Gables developer continues to scope a 1,280-acre tract where he plans to build Beacon Lakes Industrial Park, a 620-acre site near the Florida Turnpike.
FORT LAUDERDALE, FL-Regency Holdings of Jacksonville, FL is selling the 19-story, 337,000 sf office tower here for an estimated $57 million or about $169 per sf, according to brokers familiar with the deal. Fort Lauderdale is 25 miles north of Downtown Miami.
ORLANDO-Hoteliers attribute the decline to a temporary soft construction market, higher gas prices and a convention date switch to October by the 20,000-member Marine Manufacturers Association. But October collections should be back on schedule.
ORLANDO-The 10-employee Computer Management USA firm is receiving a $200,000 infusion from a South African venture capitalist and will need more space shortly in the 1,000-sf offices at Genesis Technology Resources within Central Florida Research Park in east Orlando.
ORLANDO-Bill Heard Chevrolet, operator of 14 mega showrooms from Phoenix to Atlanta, is opening his newest location on 36 acres at Interstate 4 and State Road 46 in Sanford, FL, 25 miles north of Downtown Orlando.
FORT LAUDERDALE, FL-Bank of America is giving the locally-based flower retailer a new $7-million line of credit through February and, along with other lenders, is extending total debt payments of $16 million to June 2002 from February and May 2001.
MIAMI-The new facility, Beacon CyberPort, has 750,000 sf of existing warehouse, showroom and office and will have 200,000 sf of new construction. The price of the property was not disclosed.
BOCA RATON-Carl DeSantis and partners awarded two leasing contracts to Grubb & Ellis Co. for the Boca Raton buildings and a single contract to Trammell Crow Co. on the Hollywood, FL property. The three assets total 632,167 sf.