Orlando
Interstate,Waramaug JV Buys Orlando-Area Resort
In its fifth joint acquisition over the past two years with Waramaug Hospitality, of Washington, Conn., Interstate Hotels & Resorts has acquired the Radisson Resort Orlando – Celebration, in Celebration, Fla.
Loews & Universal Break Ground on 1,800-Room Cabana Bay Beach Resort
By Georgiana Mihaila, Associate Editor Loews Hotels & Resorts and joint venture partner Universal Parks & Resorts have broken ground on one of the largest hotels currently under construction in the U.S—the 1800-unit Universal’s Cabana Bay Beach Resort. The hotel will be built on a 37-acre site within Universal Orlando Resort and adjacent to Universal’s […]
Orlando University Center’s $33M Sale was 2012’s Second Largest Office Deal
Crocker Partners’ $33 million acquisition of the Orlando University Center office park in late December proved itself to be the second-largest office investment sale in Orlando for 2012. The acquired portfolio includes five suburban office buildings—totaling 386,512 square feet on 27.12 acres—at 3452, 3504 and 3505 Lake Lynda Blvd., and 11301 and 11315 Corporate Blvd., just west of the University of Central Florida in Orlando.
UCF Starts Renting Units at the $55M NorthView Student Housing Project
With opening set for Fall 2013, UCF Housing and Residence Life is now taking applications to rent units in the $55 million NorthView student housing project. Currently under development just across McCulloch Rd. from the UCF campus and Bright House Networks Stadium, the apartments are being developed by Alan Ginsburg and designed by Orlando-based Cuhaci & Peterson Architects LLC and Finfrock.
GDC-Developed M-F Project to Deliver Eco-Friendly, Luxury Units to Downtown Orlando
The 2.6-acre site at North Orange Avenue and Marks Street will no longer stay vacant, as developer GDC Properties has recently broken ground on a $35.9 million, eco-friendly multifamily development.
Retail Phase of 14.5-Acre Mixed-Use Development Underway, Multifamily and Office to Follow
DeBartolo Development, LLC and Forge Capital Partners, LLC have recently broken ground on The Fresh Market at Mills Park—the first phase of a 14.5-acre mixed-use development that will rise at the intersection of Mills Avenue and Virginia Drive in Orlando.
Three Orlando-Area MOBs Part of $322M Portfolio Acquired by Duke Realty
In one of the largest medical office building portfolio transactions, Duke Realty paid $332 million for 14 properties in six states. Seller Seavest Healthcare Properties LLC has divested two of its early discretionary funds in the transaction which included assets totaling more than 1.2 million square feet.
University Shoppes Demolition to Make Way for Student Housing Complex
The 25-year-old University Shoppes retail center across from University of Central Florida’s main entrance is set for demolition, as American Campus Communities will soon be replacing it with a new student housing complex.
Highpoint Club Apartments Trade in $30 Million Deal
Tampa-based Robbins Property Associates has now assumed ownership of Highpoint Club Apartments in Orlando, following a $30 million deal. The price amounts to $86,207 per unit.
Enders Place at Baldwin Park Trades Hands
A joint venture between affiliates of Manhattan-based Bluerock Enhanced Multifamily Trust, Inc. and Waypoint Residential has recently acquired Enders Place at Baldwin Park for an undisclosed amount.