POMPANO BEACH, FL-The new owner could take over the one million-sf retail property by New Year's if the current principals settle a $14.2 million debt with New York lender CDC Mortgage Capital.
ORLANDO-Carlisle Realty Group pays Debra Inc. $2.35 million or $188,000 per acre ($4.31 per sf) for a 12.5-acre, retail-zoned parcel at the 1,800-acre mixed-use community next to Universal Orlando in the city's southwest submarket.
ORLANDO-It wasn't a mega bucks deal but it took the same amount of time and talent for Selby Realty Inc. to negotiate with six separate property owners and put together a 64,000-sf parcel.
ORLANDO-Desperado's in rural Lake County is drawing dancers from 30 miles south in Orlando eager to rock and roll on a 3,900-sf floor, one of the largest of its kind in the Southeast. The club's capacity is 1,800.
ORLANDO-The quarterly University of Central Florida study ranks the metro area seventh most active in the nation but the placement is down from second place in the first-half rankings of 1999.
ORLANDO-The highest and best use for Ben White Raceway, sitting on a strategic corner in the city's industrial northwest sector for 50 years, is now as a city recreational facility and possibly as an equestrian training area for non-profit groups.
ORLANDO-The entrepreneur's Equity Residential Property Trust sold the nine-year-old to 14-year-old assets in Tallahassee, FL to Community Builders Inc. for an average $44,261 per unit.
ORLANDO-The jet manufacturer hopes to break ground next year on a 148,000-sf office and hangar building and a 200,000-sf surface apron for maintenance at Orlando International Airport. The company also may build another 54,000-sf building on an adjacent four-acre parcel.
ORLANDO-The Florida Department of Transportation has to make a Solomon-like decision in December on the route of a 200-mile fast train linking Port Canaveral, FL, Orlando and the Tampa-St. Petersburg market.
ORLANDO-The neotraditionally-designed community is set to launch a $15-million construction program that will include a 100,000-sf town center, 70 apartments, 78 luxury townhomes, a community center and a new Lutheran Church.