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  • Osceola's NeoCity lands tech manufacturer for 20-acre lakefront R&D innovation center

    Osceola's NeoCity lands tech manufacturer for 20-acre lakefront R&D innovation center

    Osceola County's 500-acre NeoCity tech district has potentially landed its first private industry user who has committed to building a 20,000-square-foot lakefront "innovation center." Commissioners on Monday approved a Memorandum of Understanding (MOU) with the company, referred to by code name...

  • Growing salon chain preps renovation of former restaurant near Winter Springs

    Growing salon chain preps renovation of former restaurant near Winter Springs

    The co-founders of iStudio Salons will start next month to redevelop the former Graffiti Junktion restaurant near Winter Springs into the chain's eighth Greater Orlando location, and will include additional non-salon retail space. iStudio Salons principals Mark Abbett and James Schregardus paid...

  • Developer plans next multifamily phase in Avalon Park Town Center

    Developer plans next multifamily phase in Avalon Park Town Center

    Avalon Park Group (APG) is lining up the next downtown multifamily segment of its Avalon Park Town Center, filing plans on Monday for a new five-story apartment building adjacent to an office site where construction should start this fall.  Located on the southeast corner of Avalon Park East Boulevard...

  • Canadian developer preps first U.S. medical office venture in Orlando

    Canadian developer preps first U.S. medical office venture in Orlando

    Principals behind Canadian commercial developer KB Group are preparing a Florida market entry by way of Orlando, filing plans Monday for a new medical office building near Lake Nona and an eye for more land in the region to pursue independent senior living.  Located in the 11700 block of Narcoossee...

  • Orlando Health targets Reunion Village for possible hospital site

    Orlando Health targets Reunion Village for possible hospital site

    Orlando Health has signed on to anchor the Reunion Village mixed-use development at the I-4/ChampionsGate interchange. The nonprofit healthcare system and Encore Capital Management, master developer of Reunion, jointly announced Orlando Health's purchase contract on Monday for 25 acres the town...

  • Tara Tedrow, of Lowndes, Drosdick, Doster, Kantor & Reed, P.A.

    Tara Tedrow, of Lowndes, Drosdick, Doster, Kantor & Reed, P.A.

    It’s helpful, Tara Tedrow opines, that marijuana jokes are low-hanging fruit. “Listen, if we can get people to crack a smile before engaging in a conversation that tends to be politically polarizing, that is great,” she notes. A useful philosophy by which to abide when you’re in her position. A...

  • Nestle to expand water distribution plant near Casselberry

    Nestle to expand water distribution plant near Casselberry

    Nestle Waters North America is preparing to expand its distribution center near Casselberry by 66 percent, according to plans the company filed with Seminole County and the St. Johns River Water Management District. The warehouse, located at 150 Lyman Road, is for bottled water and dispensers for...

  • Miami investor pays $11M for Lake Nona medical office built by Tim Majors

    Miami investor pays $11M for Lake Nona medical office built by Tim Majors

    A newly constructed "Medical Village at Lake Nona" office building, which up until six months ago was controlled by local developer Tim Majors, fetched $11 million on Wednesday. Miami-based PrimeMed Realty purchased the asset, its third medical office building in the Greater Orlando market, after...

  • Toronto-based event services company buys Orlando warehouse to expand

    Toronto-based event services company buys Orlando warehouse to expand

    Toronto-based CCR Solutions, an events and audio-visual services provider, paid $2.05 million in recent weeks to more than double its operating space in Orlando, betting on the continued strength of the U.S. economy and the area’s meeting and event needs. Located at 4351 35th St., the 1.43-acre...

  • Georgia-based family pays $13.5M+ for hotel duo near Orlando airport

    Georgia-based family pays $13.5M+ for hotel duo near Orlando airport

    A Georgia-based family of hotel investors paid a recorded $13.5 million on Friday for two neighboring limited-service hotels near Orlando International Airport.  Located at 3835 McCoy Road and three miles northwest of the airport's main terminal, the partially joined Clarion Hotel and Econo Lodge...

  • Developer Hines sues insurance companies in dispute over condemned apartments

    Developer Hines sues insurance companies in dispute over condemned apartments

    Texas-based developer Hines, which is being sued over the alleged shoddy construction of an apartment complex in Disney's Celebration community, has now sued its subcontractors and insurers for denying claims related to the ill-fated project.  Hines was the original developer and general contractor,...

  • CFX seeks engineering firm to design widening of S.R. 417 segment

    CFX seeks engineering firm to design widening of S.R. 417 segment

    The Central Florida Expressway Authority wants to hire an engineering consultant to design plans for a system-wide widening of S.R. 417 near Orlando International Airport, according to a Request for Letters of Interest (RFLOI) issued on Monday. The professional engineering firm would be asked to...

  • Local construction crane supplier buys Orlando warehouse property to expand

    Local construction crane supplier buys Orlando warehouse property to expand

    One of Greater Orlando's leading parts suppliers for construction cranes paid $1.425 million on Friday to expand locally, buying its own warehouse with direct rail access.  Located at 3001 Hansrob Road, the one-acre property lies in northwest Orlando off of Silver Star Road, with a 15,251-square-foot...

  • Intram Investments buys 160 acres of Davenport industrial land

    Intram Investments buys 160 acres of Davenport industrial land

    Orlando-based Intram Investments paid $400,000 for 160 acres in Davenport on Friday with a half-mile of frontage on Interstate 4. The property lies just outside the Four Corners Business Park, at the end of Home Run Boulevard and bordering on the Green Swamp. Intram paid cash for the vacant land,...

  • Park Square Homes execs prep first senior living project in Ocoee

    Park Square Homes execs prep first senior living project in Ocoee

    Principals behind local developer Park Square Enterprises are pursuing their first senior housing development in Ocoee, pairing it with a memory care facility next door that could offer client synergies for decades to come.   Located at 868 Roberson Road, the 10.47-acre vacant residential parcel...

  • Local CRE investment family buys office bldg on prominent Winter Park corner

    Local CRE investment family buys office bldg on prominent Winter Park corner

    A veteran local real estate investor and her family paid $3.23 million on June 28 for a vacant office building in Winter Park, the latest in a year-long assemblage of more than half a block at one of the city's notable intersections. Located at 1133 W. Morse Blvd., the former SESCO Lighting headquarters...

  • BTI Partners secures $12 million loan, now looking for more Central FL land

    BTI Partners secures $12 million loan, now looking for more Central FL land

    Fort Lauderdale-based BTI Partners is shopping for more land in the region to grow its Orlando-area portfolio. The investment and real estate development firm, which already has multiple assets in the Orlando market, obtained a $12 million loan on June 28 from Florida Community Bank.  "We are actively...

  • Atlanta-based retail investor pays $15M for third Orlando-area shopping center

    Atlanta-based retail investor pays $15M for third Orlando-area shopping center

    A subsidiary of Atlanta-based Preferred Apartment Communities paid $15.05 million on Friday for its third large shopping center in Greater Orlando.  New Market Properties is a wholly-owned indirect subsidiary of PAC, and owns 43 grocery-anchored shopping centers in seven Sunbelt states. Located...

  • Aventura-based multifamily investor pays $68.5M to enter Clermont market

    Aventura-based multifamily investor pays $68.5M to enter Clermont market

    An Aventura-based multifamily investor paid $68.5 million last week for its fourth property in Greater Orlando, buying a new complex in Clermont with its sights set on more core-plus properties in the region. An affiliate of Advenir LLC bought the year-old, 328-unit Veve at Castle Hill apartments...

  • Former NBA veteran & Magic player pays $2.5M+ for new Windermere home

    Former NBA veteran & Magic player pays $2.5M+ for new Windermere home

    A 14-year NBA veteran and former player with the Orlando Magic spent more than $2.559 million last week for a new home in Toll Brothers' exclusive Casabella at Windermere community. Located on Isabella Circle in the Casabella neighborhood, the newly constructed home sits on a 0.91-acre waterfront...

  • Start to site work near on Phase 1 retail at Ocoee's former Colony Plaza property

    Start to site work near on Phase 1 retail at Ocoee's former Colony Plaza property

    Boyd Development anticipates breaking ground in the next three weeks on its first phase of retail for 12-plus acres at one of Ocoee's busiest intersections.  The local developer's affiliate Ocoee Corners LLC, formed as a joint venture last year with land owner Cypress Colony, Inc., paid $1.978...

  • Boys & Girls Clubs pursues permits for Eatonville expansion

    Boys & Girls Clubs pursues permits for Eatonville expansion

    The Boys & Girls Clubs of Central Florida is trying to line up permit approvals for a groundbreaking by this fall on a nearly $3 million expansion to is Eatonville club, with a major local employer donating a majority of the funds.  Located at 400-B Ruffel St. in Eatonville, next to the Hungerford...

  • Kissimmee active adult apartments across from The LOOP sell for $29.5M

    Kissimmee active adult apartments across from The LOOP sell for $29.5M

    One of the busiest multifamily developers in Kissimmee's LOOP/Tupperware submarket has sold an active-adult apartment complex to a national real estate investment firm for $29.5 million. Palm Beach Gardens-based Eastwind Development and co-developer Index Investment Group built the four-story,...

  • Taurus nears permit & groundbreaking on Phase 1 of Apopka City Center

    Taurus nears permit & groundbreaking on Phase 1 of Apopka City Center

    Site work on the first-phase hotel at Apopka City Center should begin in the third quarter by developer Taurus Southern Investments, with key widening of public roads by the city to follow before year's end, a lead executive with the company told GrowthSpotter.  Apopka's City Council reviewed a...

  • Demand for contemporary, flexible meeting space fuels wave of hotel expansions

    Demand for contemporary, flexible meeting space fuels wave of hotel expansions

    Forget the busy floral carpets and Grandma’s chandelier on steroids. Increasingly, today’s hotel meeting spaces are clean-lined, contemporary, high-tech and wired for continued evolution. Orlando just recently broke its own travel record, hosting 72 million visitors in 2017. As such, it’s little...

  • I-Drive District stakeholders revisit 2040 Vision Plan, talk priorities w/planners

    I-Drive District stakeholders revisit 2040 Vision Plan, talk priorities w/planners

    Seventeen months after Orange County adopted a new I-Drive District Overlay Code to guide urban redevelopment along the International Drive tourism corridor, stakeholders reconvened Friday to recap progress and focus county planners on what to do next.  Planners held an update meeting for the I-Drive...

  • California CRE investors enter Florida market with Orlando shopping center

    California CRE investors enter Florida market with Orlando shopping center

    Los Angeles-based LBX Investments paid $19.8 million on Thursday for its first commercial real estate asset in Florida, buying a shopping center south of UCF with an eye for similar assets across the state. Anchored at 11841 E. Colonial Dr. on the corner of Alafaya Trail, the company bought the...

  • Gilbane wins design-build contract for $17M Orlando community center

    Gilbane wins design-build contract for $17M Orlando community center

    A team led by Gilbane Building Company was chosen Thursday for the design-build contract to renovate and construct Orlando's new Grand Avenue Community Center, a project budgeted at $17 million back in April.  The City of Orlando announced its choice of Gilbane for the project after its staff reviewed...

  • W192 board approves sheriff's $2M funding request for Westside district office

    W192 board approves sheriff's $2M funding request for Westside district office

    Osceola Sheriff Russ Gibson has been eyeing a vacant Publix store at the intersection of U.S. 192 and International Drive for more than a year to serve as a new West District command center for the county's booming tourism district. When it came on the market this month, he and County Manager Don...

  • Richland seeks zoning approval for 155 acres of new homes in Minneola

    Richland seeks zoning approval for 155 acres of new homes in Minneola

    A California-born real estate company is seeking approval from the City of Minneola to develop hundreds of homes on vacant land it owns. Richland Communities is requesting the city approve Parkview Oaks, a 460-home Planned Unit Development on nearly 155 acres at the southeast and southwest intersections...

  • Mosaic unveils new master plan, schedule for Kissimmee downtown redevelopment

    Mosaic unveils new master plan, schedule for Kissimmee downtown redevelopment

    Kissimmee's downtown redevelopment partner told city leaders this week it expects to break ground in January on 300-plus units of Class A multifamily housing across from Lakeview Park. Mosaic Development Principal Roxanne Amoroso told GrowthSpotter the firm will ask City Commissioners to approve...

  • Retired media mogul sells Isleworth mansion for $7M+ to local auto dealer

    Retired media mogul sells Isleworth mansion for $7M+ to local auto dealer

    One of the country’s major media moguls sold his Isleworth estate for more than $7.189 million on June 20 to the top executive of a leading Orlando automobile sales company. The sale ranks as the highest value single-family home sold in Orange County so far this year, topping the $6.5 million purchase...

  • Miami attorney pays $3.1M to enter Orlando CRE market via College Park

    Miami attorney pays $3.1M to enter Orlando CRE market via College Park

    A Miami-based real estate attorney and his wife paid $3.1 million on Friday for their first commercial real estate asset in Orlando, buying a College Park warehouse with the benefit of a government tenant.   Located at 1551 College Park Business Center Road, just north of the Country Club of Orlando,...

  • Mattamy Homes prepping for next phase of Solara Resort on Westside

    Mattamy Homes prepping for next phase of Solara Resort on Westside

    Mattamy Homes delivered its first vacation homes in Solara at Westside this month, and now the homebuilder is prepping for the next phase of its first short-term rental resort community. Orlando Division President Alex Martin told GrowthSpotter that since launching the community last summer, Mattamy...

  • Expansion & redevelopment prepped for Oviedo shopping center w/specialty grocer

    Expansion & redevelopment prepped for Oviedo shopping center w/specialty grocer

    The former City Center shopping plaza in Oviedo is getting a major facelift that will include six new buildings, one of which will house the second regional location for specialty grocer Sprouts Farmers Market. Located at W. Mitchell Hammock Road and Alafaya Trail, work on the project should start...

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