OCALA, FL-A three-investor group outbid 16 of the world's most prominent thoroughbred owners to buy the land; a 4,200-sf, six-bedroom lodge; six barns; and acres of pasture where Silver Buck sired Silver Charm, winner of the 1997 Kentucky Derby and the Preakness Stakes.
ORLANDO-Struggling to rebuild its financial base, the locally-based, 29-unit theme restaurant chain has received a $2 million infusion from minority investor Magnetic Light Profits Inc. of the British Virgin Islands. The new funding raises Magnetic's ownership stake in Planet Hollywood International Inc. to 14.3%.
ORLANDO-One of the world's largest resort operators, the locally-based, 89-property company is banking on Gregory Rayburn of Jay Alix & Associates to pull it out of Chapter 11 and revive the former 7,800-person work force.
ORLANDO-About $100 million in new commercial development covering one million sf has sprouted along a 25-mile stretch of highway in the Golden Triangle cities of Tavares, Eustis and Mount Dora.
ORLANDO-Bureaucrats issed a state-mandated deadline to begin new road construction for the 1,500-acre Campus Crusade for Christ headquarters site in southeast Orange County. Now the county can't collect a $1.7 million grant Florida had previously set aside for the job.
ORLANDO-The Maitland-based electronic funds transfer system operator is being bought out by Memphis-based Concord EFS Inc. in an $845 million stock swap, but the buzz in local commercial real estate circles is what's going to happen to Star's newly-leased 108,000-sf premises.
ORLANDO-Broker Bert Locke steps down after heading the Florida chapter of the Building Owners and Managers Association for two years, but not before recalling how he and his colleagues defeated telecommunications lobbyists on a thorny industry issue.<p>
ORLANDO-Gray, Harris & Robinson, a 30-year-old, 110-attorney Downtown firm, has acquired 13-lawyer Hovis, Boyette & Crawford in Clermont, FL, about 25 miles west of Orlando. Terms of the merger were not disclosed. Both practices focus on commercial real estate law.
JACKSONVILLE, FL-Ladson F. Montgomery, president of Grubb & Ellis/Phoenix Realty Group, says his firm's statistics show a third-quarter Downtown vacancy factor of 6.9% and 12.2% in the robust suburban submarkets. Jacksonville is 2-1/2 hours north of Orlando.
ORLANDO-The five cents levy on every vacationer's dollar was originally set up to help build the 1.2 million sf Orange County Convention Center and to back the Orlando/Orange County Convention and Visitors Bureau, innkeepers maintain.
