TerraCap Management Acquires Orlando International Business Center
Orlando International Business Center is comprised of six single-story office/flex buildings totaling 196,000 square feet. CLICK ON THE HEADLINE FOR MORE
CIM Group Provides $72.9M Refinancing Loan for SunTrust Plaza in Downtown Orlando
/0 Comments/in Industry News, NA, Office /by ADMIN /The borrower, a partnership between Lincoln Property Co. and Mason Capital Partners, delivered the asset earlier this year. CLICK ON THE HEADLINE FOR MORE
SRS Negotiates $22.7M Sale Of Seven Retail, Office Outparcels Near Mall At Millenia
/0 Comments/in Industry News, NA, Office, Retail /by ADMIN /The outparcels total 104,188 square feet and six were leased to retail tenants including BJ’s Brewhouse, DSW, Ethan Allen, Old Navy, Olive Garden and West Elm at the time of sale. CLICK ON THE HEADLINE FOR MORE
15-Building Central Florida Office Park Sold by Institutional Property Advisors
/0 Comments/in Industrial, Industry News, NA, Office /by ADMIN /The property sold for $28.5 million. CLICK ON THE HEADLINE FOR MORE
Moratorium On Development Voted In By Winter Park City Commission
/0 Comments/in Industry News, Land, Medical, Multifamily, NA, Office, Retail /by ADMIN /In the same meeting where a study reported a $799 million loss in revenue for Winter Park as a result of COVID-19. CLICK ON THE HEADLINE FOR MORE
Lake Nona Welcomes New SIMCOM Global Headquarters
/0 Comments/in Industry News, Land, NA, Office /by ADMIN /The five-acre site will include 12 full-flight simulator bays and train an estimated 10,000 pilots per year. The state-of-the-art facility is expected to begin construction this year and open in 2022. CLICK ON THE HEADLINE FOR MORE
Orange County Approves More Construction Incentives
/0 Comments/in Flex, Hospitality, Industrial, Industry News, Medical, Multifamily, NA, Office, Retail /by ADMIN /The commissioners voted unanimously for county code amendments which allow for companies to defer the payment of impact fees and to exempt the payment of transportation impact fees for change-of-use permits up to $100,000. CLICK ON THE HEADLINE FOR MORE
Orlando Office Market Vacancy Rate Exceeds 10 Percent for First Time Since 2016, Says CBRE
/0 Comments/in Industry News, NA, Office /by ADMIN /Orlando, like several other markets nationwide, was not able to escape the downturn as large swaths of space were given back quicker than they were absorbed. Two tenants vacated a combined 174,000 square feet. CLICK ON THE HEADLINE FOR MORE
North American Properties Acquires 21 Acres In Central Florida For Multi-Sector Development
/0 Comments/in Industrial, Industry News, Land, NA, Office /by ADMIN /Preliminary phase one plans call for multiple buildings totaling 135,000 square feet of traditional office, office warehouse and manufacturing space, plus commercial outparcels to serve the growing area market. CLICK ON THE HEADLINE FOR MORE
Miami-Dade Property Management Firm Expands, Acquires Brevard CRE Company
/0 Comments/in Flex, Industrial, Industry News, Medical, Multifamily, NA, Office, Retail /by ADMIN /The acquisition includes management contracts for 60 locations, totaling over 2.5 million square feet of retail, office, medical and industrial-type properties. CLICK ON THE HEADLINE FOR MORE
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