Orlando
Cortland Partners Enters Orlando Market, Hires Local Expert
Cortland Partners recently acquired its first asset in the metro Orlando market. The firm purchased Harbor at Lake Howell, a 408-unit, garden-style community in Casselberry for $40 million. Aside from the acquisition, the company also announced that it has added John Builder to its team of experts.
Orion Investment Affiliate Acquires Restaurant Row Mixed Use Property
The Rialto, a 105,275-square-foot retail and office center changed hands in early March. The seller, The Wilder Companies, entrusted HFF with the marketing of the property and the sales team was led by senior managing directors Brad Peterson and Coleman Benedict and analyst Whitaker Leonhardt. The transaction was worth $31.7 million, according to Orlando Business Journal.
New Townhome Designs Available at Eagle Creek
Standard Pacific Homes has recently introduced The Townhomes at Eagle Creek community, inviting enquirers for a tour in two of the model homes. Located at Eagle Creek, just two miles south of SR 417on Narcoosee Road, the new designs offer homebuyers a country club lifestyle.
McCraney’s Dade Paper Project Awarded Industrial Development of the Year
NAIOP Central Florida Chapter has recently distinguished McCraney Property Company’s Dade Paper project with the “Industrial Development of the Year” title. Presented at the Best of the Best Awards Gala, the award recognizes Dade Paper’s 150,000-square-foot state-of-the-art Central Florida Distribution Center and Offices for its overall design to meet the needs of the end user.
Orlando’s First Community Solar Farm Started Production in OUC’s Gardenia Campus
ESA Renewables has recently announced the completion of the first community solar farm in Orlando. The 2.5-acre array has a 400 kW output and as a community solar farm, it is only the second of its kind in the whole of the Sunshine State.
Universal’s Growth Brings 3,500 New Jobs
The upcoming expansion at Universal Orlando Resort will create 3,500 new permanent jobs during 2014, according to the management’s announcement. That is about the same amount of employees as Universal Orlando has hired in the past four years.
W. P. Carey Buys Self-Storage Property in Greater Orlando
W. P. Carey Inc. took a dynamic start this year, having recently announced that one of its publicly held non-traded affiliates, CPA®:18 – Global acquired two Florida self-storage facilities last month, one of which is located in the Greater Orlando, Fla. area.
New Construction Phases Beginning in Providence Golf Community
Providence luxury gated golf community in Davenport is facing a significant gain as a group of developers answer the demand for new construction. Beside the community’s main developer, ABD Development, builders currently constructing new homes in Providence include Park Square, Lennar, Richmond American and D.R. Horton.
Embassy Suites Orlando-Lake Buena Vista Sold, Awaits Renovation
Embassy Suites Orlando-Lake Buena Vista has recently changed hands, as Embassy Suites GF Management recently announced. The company’s affiliate, ESLBV Property Owner LLC has purchased the 334-room hospitality complex.
Four Metro Orlando Office Buildings Sold
In two major investment sales, four of metro Orlando’s office buildings changed hands recently using the brokerage services of Lincoln Property Company Southeast. The properties totaling more than 182,000 square feet sold for an aggregate of $8.7 million.