SANFORD-Rami Yosefian, a commercial fixer-upper specialist, is investing $250,000 to develop the estimated 50,000-sf site purchased from the Seminole County School Board. One appraisal put the dirt's value at $435,000. Yosefian was the only bidder.
ORLANDO-Chase Treasury Technologies Corp. wants a backup security site for its planned three-building Tampa, FL campus where the company will make electronic payments to customers of more than $1.2 trillion per day. The estimated construction cost of the 61,413-sf distribution building is $6.14 million.
ORLANDO-Winn-Dixie Stores Inc. of Jacksonville, a 1,000-store chain in 14 states and the Bahamas, is buying nine outlets from the 12-store Orlando-based Gooding's Supermarkets Inc. for an undisclosed sum. The Justice Dept. has cleared the deal of any antitrust violations. The transaction is expected to close by year end.
ORLANDO-Fighting a bankruptcy-filing petition to the 11th hour, the 30-year-old, international manufacturer of commercial road machinery agrees to reorganize and start paying off its $110.4-million debt load to lenders. The Chapter 11 filing avoids a protracted federal Bankruptcy Court trial.
ORLANDO-Vista-United Telecommunications, a 29-year-old Lake Buena Vista, FL company, has been sold by Walt Disney World Co. and Sprint Corp. to Las Vegas-based Smart City Networks. But the deal still needs a green light from state and federal regulators.
ORLANDO-Meyer's Bakeries Inc. of Little Rock, AR, under new ownership since mid-1999, exceeded federal maximum-allowable levels by more than 6,000% at its plant here. The violations occurred between 1995 and 1998.
ORLANDO-The 244-unit Downtown lakefront apartment complex, acquired by Atlanta-based Post Properties Inc. two years ago, is 100% leased. Two-bedroom, two-bath units rent for $2,525 per month.
ORLANDO-Swerdlow Real Estate Group lines up Home Depot, BJs Wholesale Club, OfficeMax, Burdines and Linens-N-Things for Millenia Plaza, an estimated $70-million venture tentatively scheduled to debut in south Orlando by June 2001.
ORLANDO-Corporate Investment International Inc., a three-office brokerage with sales of $60 million over the past three years, has opened a fourth unit in Cocoa Beach, about 50 miles southeast of Downtown Orlando.
ORLANDO-The 103-unit themed restaurant chain did six-month sales of $200.4 million, up 5% from the comparable 1999 period. But comparable store sales, an industry barometer indicating repeat customer visits, was down 3.3%. That was an improvement, however, from a 10.2% dip from the previous year.
