Orlando
New Loews Hotel in the Pipeline for Universal Orlando
Loews Sapphire Falls Resort, as the new full service facility will be called, opens in the summer of 2016 according to a recent announcement released by Universal Orlando Resort and Loews Hotels & Resorts.
Orlando Sentinel Property Downtown Undergoes Redevelopment
The owners of two blocks in downtown Orlando plan a major redevelopment. The land in question is currently leased to the Orlando Sentinel under a long term agreement, housing its offices and production facility.
Trader Joe’s Buys 76-acre Brownfield Site for Distribution Center
Approximately 76 acres of land located on the east side of Interstate 95 changed hands recently, Consolidated-Tomoka Land Co. announced.
MetLife Wins Bid to Purchase Prime Orlando-Area Retail Center
MetLife Inc. continues its real estate equity diversification program with the acquisition of an outdoor retail center in Kissimmee, Fla., for $116.9 million.
Equus Affiliates Pick Up Three Central Florida Communities
Village at East Lake, Village at Lake Ned and Village at Park Road in Central Florida recently changed hands. The 710 units in total were sold to companies associated with Equus Capital Partners, Ltd. by affiliates of Oculus Development, LLC and Alex. Brown Realty, Inc.
BRG Takes Stake in Town Park’s Residential Component
Bluerock Residential Growth REIT (BRG) has announced its plan to co-invest in the apartment community that will be developed as part of the Publix-anchored master-planned mixed use development called Town Park in Orlando.
Ramada Kissimmee Maingate West Rebrands
Ramada Kissimmee Maingate West joins the Magnuson Grand Hotel brand, a recent written announcement released by Magnuson Hotels reports. Following the rebranding procedure, the name of the facility will change to Magnuson Grand Hotel Maingate West.
CBRE’s John Gilbert Transfers to JLL as Managing Director in Orlando
Jones Lang LaSalle Inc. has recently welcomed John Gilbert to its Orlando team. Gilbert was hired as managing director in early July and he will focus on growing the firm’s office agency leasing practice in the Central Florida market.
Gated Golf Course Community Opens in Orlando
The Reserve at Alaqua, a private golf course community in northeastern Orlando is now available to future residents. Located at 3109 Players View Circle in Longwood, within the Alaqua Country Club, the homes are close to Wekiva Preserve.
Osprey Links at Hunter’s Creek Changes Hands
The 424-unit, Class A multifamily apartment community located in south Orlando is now the property of Milestone Apartments REIT, following a $50.7 million transaction announced recently by the investment trust. An affiliate of The Milestone Group, LLC was part-owner in the joint venture that sold the property, possessing a minority interest in the enterprise.