Orlando
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.
GF Management Affiliate Adds Orlando Hotel to its Portfolio
ESLBV Property Owner L.L.C., an affiliate of GF Management, has acquired the 334-room Embassy Suites Orlando-Lake Buena Vista and is planning a $13 million renovation to take place over the next year.
Parkway Acquires Jacksonville’s JTB Center in Multi-Asset Deal
The Christmas season was jolly at Parkway Properties as the investment giant has managed to add several landmark properties to its Florida portfolio besides announcing to be under contract for selling assets Houston, Texas and Phoenix, Arizona.
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.
Carroll Purchases Three-Property Portfolio from Camden
Formerly owned by Camden Property Trust, the portfolio consists of Camden Bay Pointe and Camden Citrus Park in Tampa and Camden Habersham in Charlotte.