Orlando
CBRE Arranges $27M Multifamily Sale, Finds New Tenant for HD Supply Building
This past week was quite an eventful one for CBRE’s Orlando office. Not only has the team grown by adding Jay Dixon—a former senior office leasing professional at Lincoln Property Company in Orlando with over ten years of experience—as an Office Building Sales Professional, but has also managed to close on the sale and acquisition financing for The Element, and land a new tenant for the HD Supply Building.
Blackstone Buys Four-Property Hilton Portfolio
The private equity giant’s real estate affiliate has acquired a 751-room, four-property Hilton Select Service portfolio from Sage Hospitality and Apollo Global Management.
Upcoming Reopening Brings New Name for Wyndham Orlando Resort
The iconic Wyndham Orlando Resort, currently undergoing a multi-million dollar “re-imagination”, will open in October 2013 under a new name. Owner Wyndham Hotels and Resorts, LLC has decided to officially change the hotel’s name to Wyndham Orlando Resort International Drive, change meant to mark a new era in its 40-year history.
Luxury Orlando Apartment Community Changes Owners, Name
Leading national apartment investment and management company Bell Partners, Inc. has recently acquired the award-winning Landmarking at Universal Apartments in Orlando, Florida for an undisclosed amount.
Metropolitan Resort Orlando Soon to Become World’s Largest Econo Lodge
California Hotels has big plans in metropolitan resort orlandostore for the 297-room Metropolitan Resort; through its subsidiary, 8444 Investments LLC, the company plans to convert the property to The World’s Largest Econo Lodge.
New Vista at Lost Lake Units to Add to Growing Local Multifamily Inventory
McCann Realty Partners, the company that bought the Vista at Lost Lake apartments in Clermont last year for $28 million, is now moving forward with the project by starting construction on a second phase.
Florida Hospital Breaks Ground on Emergency Department, Plans Further Expansion
Florida Hospital East Orlando has recently celebrated its upcoming expansion that will double the size of its current emergency department through a special groundbreaking ceremony. Both hospital and community leaders attended the ceremony and planted 260 flowers—number that stands for the average number of patients seen on a daily basis in the emergency department.
$30M Oviedo Multifamily Community Now Underway
Oviedo, Fla. will soon add 275 residential units to the local inventory, as Jacksonville-based LandSouth Construction has started construction on the $30 million Park Place Apartments and Oviedo on the Park.
Valencia, UCF Officials Dedicate New Building at Osceola Campus
Valencia College officials, along with officials from the University of Central Florida, dedicated the newest building on Valencia’s Osceola Campus on April 11, marking the expansion of the Valencia-UCF partnership in Osceola County.
Developers Kick-Start $38M Transit-Oriented Apartment Community in Orlando
A new community is set to rise in downtown Orlando, as developers Wood Partners and The Ustler Group have joined forces and started working together on a 248-unit urban apartment community called The Ivy – Residences at Health Village.