Orlando

“Given Florida's maturity as a worldwide economic powerhouse in recent years, we have a unique opportunity to lead and chart a path to help Florida become that 'It' State—the place where dynamic and exciting innovations lead the way,” says Chris Corr, Florida Council of 100 Chair.

Holliday Fenoglio Fowler, L.P., which worked on behalf of Beachwold, reports that the financing will be used to refinance existing debt on the 400-unit The Place at Alafaya in Orlando and to acquire Litchfield Place, a 76-unit development in Savannah.

Commercial brokerage firm CBRE reported the sale transaction of the fee-interest of 182,753-square-foot Class A property at 2101 Park Center Drive and 2145 Metrocenter Boulevard to Metrocenter Office, LLC.

Hanerfeld, who leased more than 4 million square feet of office space since 2008 when he joined Cushman & Wakefield, will report to Mike DiBlasi, the newly appointed managing director of CBRE's Tampa office, who left Feldman Equities and joined CBRE in February.

Realtors pointed to a 9.6% increase in active single-family home listings (97,195) as a positive sign going forward that will help keep the lid on rising home prices in the Sunshine State.

The industries with the highest growth over the year in the Orlando area in March were professional and business services with 19,100 new jobs and leisure and hospitality with 10,100 new jobs.

The offering provides “an open canvas to developers for a multi-year phased development plan with a goal to jumpstart and stimulate redevelopment in the city's Urban Core,” the city states.

For multifamily developers, the addition of short-term rentals gives them the ability to incorporate an entirely new tenant into their planning and modeling, mitigating risks associated with vacancy.