ORLANDO-Entrepreneur Cameron Kuhn, a transplanted Chicagoan, is investing $4.47 million in an Orange County-owned office building everybody else has shunned. The 18-year-old Downtown building has air quality problems and has been vacant and shut down since summer 1997. The county and its insurer have paid out more than $1 million in medical claims from county workers. The price of the six-story, 79,000 sf 100 East Pine Street Building equates to $56.58 per sf.
ORLANDO-Eight-month-old Public Safety Group projects sales of 2,000 at $1,495 each, or about $3 million over the next 18 months. The five founders have a combined 100 years experience in law enforcement. But their plans for marketing the new product may be crimped as they battle a lawsuit filed against them by their former employer, HTE Inc., on non-compete allegations.
ORLANDO-Walt Disney World and Hasbro Inc. jointly plan to break ground next year on an estimated $3-million structure at Lake Buena Vista, FL that will showcase the Pawtucket, RI-based manufacturer's world-renowned products.
ORLANDO-Bank of America and publicly-traded Hughes Supply Inc. are ready to transform Parramore, one of the city's poorest neighborhoods, into a thriving commercial hub. The city itself is weighing a $12-million economic incentive package for the venture.
ORLANDO-Derrick D. Wallace, president/CEO of Construct Two Group and a prominent construction industry figure, takes over as vice chairman of the influential 30-member Economic Development Commission of Mid-Florida Inc. on Oct. 1.
ORLANDO-Flush with cash from record first-quarter earnings and holding a new aggregate $500-million credit line, the nation's largest casual dining company is growing its Red Lobster, Olive Garden, Bahama Breeze and Smokey Bones outlets over the next 12 months.
ORLANDO-A city of 20,000 homes, one million sf of offices, 5,000 hotel rooms, 3,500 timeshare units and a population of 50,000 is slowing becoming reality on about 20,000 acres in the Orlando International Airport perimeter.
ORLANDO-Financially-strapped Premier Cruise Lines has posted a surety bond with the Federal Maritime Commission guaranteeing payments to 2,500 vacationers forced to leave four vessels in three countries Sept. 14.
ORLANDO-Seafood, pasta and barbecue are bringing in the green for locally-based Darden Restaurants Inc. The publicly-traded firm posted record per-diluted share earnings of 46 cents, up from 36 cents in the comparable 1999 period. Revenue was up 9.6%.