Orlando
Bella Vita Place Community Sold for $11.6M
The 192-unit apartment complex in the northwestern submarket of Orlando changed hands just recently, with Miami-based Rivergate Partners acquiring the property for $11.6 million.
Roger B. Kennedy, Inc. Starts the Year with Groundbreaking on $50M Worth of Hospitality Projects
A suburban-Orlando company, based in Altamonte Springs, is starting the New Year by breaking ground on $50 million of Orlando-area vacation club and timeshare resort projects according to Roger B. Kennedy, Jr. president of Roger B. Kennedy Inc.
KBS Strategic Opportunity REIT Buys Orlando’s Maitland Promenade II for $31.2M
Maitland Promenade II, a Class-A office building in Orlando’s Maitland Center submarket changed hands at the end of 2013. It was purchased by KBS Strategic Opportunity REIT for $31.2 million plus closing cost. The Newport Beach, California-based public non-traded real estate investment trust announced the acquisition on December 30.
Orlando’s Bala Sands Apartments Community Changes Hands
Cushman & Wakefield of Florida recently announced the sale of Bala Sands Apartments in Orlando, Fla.
IHG Opens Holiday Inn Express Hotel and Suites Near UCF
InterContinental Hotels Group recently announced that its new Holiday Inn Express Hotel and Suites Orlando East – UCF Area is open to the public.
Colliers International Brokers $1.4 Million Industrial Sale
RL MIT LLC has purchased 2175 Premier Row in Orlando, a freestanding industrial building that more investors have set eyes on. The sale, led by Colliers International agents, was worth $1,393,600.
Crescent Central Station to Be Built by Winter Park Construction
With pedestrian connectivity to LYNX and the highly anticipated SunRail commuter rail service, a linear park and a pedestrian plaza nearby, Crescent Central Station will be Downtown Orlando’s first truly transit oriented development. Crescent Communities picked Winter Park Construction to construct the luxury urban infill, mid-rise/mixed-use project.
The Marketing Directors to market Mirasol at Celebration
The Marketing Directors, LLC expands its condominium portfolio by providing residential sales and marketing for Orlando’s Mirasol at Celebration and three other neighborhoods in Florida and Texas. The addition consists of 353 units valued at more than $110M in Tampa’s Town Park Villas, The Palazzo on St. Johns in Jacksonville, The Strand Lofts of Galveston in Texas and the above community.
Howard Haynes Joins Hill International’s Orlando Office
Howard H. Haynes Jr., P.E. (Professional Engineer), CCE (Certified Cost Engineer), has joined the Hill International as senior vice president, the company announced last Wednesday. Haynes is now in charge of the firm’s Construction Claims Group operations in Florida.
HGI’s Recent Acquisition Includes Two Orlando Communities
Harbor Group International, LLC announced that affiliates of the company have acquired three Florida apartment communities. Two of the properties, the 272-unit West Winds and the 210-unit Verandahs at Hunt Club are located in Orlando, while the 146-unit Forestlake Apartments is in Daytona Beach, within walking distance from Daytona Beach International Airport and Bellevue Business Park.