News

  • Pinnacle Housing eyes site near ChampionsGate for apts & townhomes

    Pinnacle Housing eyes site near ChampionsGate for apts & townhomes

    Miami-based multifamily developer Pinnacle Housing Group has 39 acres under contract next to the ChampionsGate Country Club golf course, and is planning a mix of apartments and fee-simple townhomes on the site. Pinnacle specializes in developing affordable workforce and senior housing, but Regional...

  • Ocoee seeks design-build contractors for new City Hall project

    Ocoee seeks design-build contractors for new City Hall project

    The city of Ocoee is seeking initial applications from design-build contractors for its new City Hall, according to a Request for Proposals (RFP) issued Thursday.  TheRFP is for an initial stage ofpre-qualifying for interested construction and design firms. Only those firms that arepre-qualified...

  • Rooms To Go brings land under contract near Millenia for 7th area store

    Rooms To Go brings land under contract near Millenia for 7th area store

    Tampa-based furniture retailer Rooms To Go has a site under contract near the Mall at Millenia for what would be its seventh store in Greater Orlando, with prime highway frontage next to a growing competitor.  Located at 4751 Vineland Road just south of the intersection with Conroy Road, the 5.9-acre parcel...

  • Tavistock pays $63.8M+ for eastern half of Poitras land south of Orlando airport

    Tavistock pays $63.8M+ for eastern half of Poitras land south of Orlando airport

    Tavistock Development Company paid more than $63.885 million last week for the first 1,147 acres of "Poitras Property" under contract south of Orlando International Airport, the culmination of more than a year of negotiations and planning with the city of Orlando. The final draft of Tavistock's...

  • TH Real Estate pays $66M+ for SoDo Orlando apts, 2nd local asset buy in May

    TH Real Estate pays $66M+ for SoDo Orlando apts, 2nd local asset buy in May

    An affiliate of TH Real Estate paid $66.5 million on Friday for the 300-unit Lofts at SoDo apartments in south downtown Orlando, marking its second local multifamily purchase this month.  Located at 100 W. Grant St., the five-story mid-rise apartment building was built in 2008-09 by Wood Partners...

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  • Zoning, noise issues could thwart potential UTV attraction on W192

    Zoning, noise issues could thwart potential UTV attraction on W192

    A father and son investment team got a quick lesson Wednesday on Osceola County's noise ordinance when they met with the Development Review Committee about a possible UTV course on Kissimmee's W192 tourism corridor. Utility Terrain Vehicles, also called side-by-side vehicles, can carry anywhere...

  • Denver-based investor enters Orlando market with hotel near Florida Mall

    Denver-based investor enters Orlando market with hotel near Florida Mall

    A Denver-based hotel investor paid a recorded $6.7 million earlier this month to enter the Orlando market, buying a 141-key Days Inn near The Florida Mall.  Located at 9301 S. Orange Blossom Trail, the 5.29-acre parcel lies at an intersection with the Florida Turnpike, and features a two-story...

  • Former Pittsburgh furniture magnate spends $60M+ on new Longwood apts

    Former Pittsburgh furniture magnate spends $60M+ on new Longwood apts

    The former owner of a 98-year-old, Pittsburgh-based furniture chain recently plowed some profits from the company's sale into a $60.06 million purchase of Class A apartments in Longwood. Robert Levin, former president of Levin Furniture Co., joined with two investors to buy the 286-unit Alexander...

  • Disney buys office building near I-Drive for customer service division

    Disney buys office building near I-Drive for customer service division

    A Walt Disney Company affiliate paid $12.5 million on Monday for a single-tenant office building in Orlando's tourism corridor, which it has long leased for its Disney Reservation Center. Located at 7100 Municipal Dr., roughly two blocks south of N. International Drive, the 8.27-acre parcel features...

  • Blackstone REIT pays $48M+ for new dual-branded Marriott hotels near Millenia

    Blackstone REIT pays $48M+ for new dual-branded Marriott hotels near Millenia

    A non-traded REIT affiliate of New York-based Blackstone Group, one of the world's largest private equity firms, paid a recorded $48.5 million on Friday for a recently opened dual-brand hotels property near Orlando's Mall at Millenia. Located at 5403 Millenia Lakes Blvd., the 4-acre site lies directly...

  • Developer of Apopka's Oak Pointe project nears groundbreaking after 13 years

    Developer of Apopka's Oak Pointe project nears groundbreaking after 13 years

    A South Florida developer who has sat patiently on 100 acres in Apopka since 2005 is approaching his long-awaited groundbreaking in the next two months, with the benefit of new infrastructure and population growth in Orange County's second largest city. Land for the Oak Pointe development covers...

  • Veteran local developer pays $1M for home in Longwood's Alaqua Lakes

    Veteran local developer pays $1M for home in Longwood's Alaqua Lakes

    A veteran local real estate developer recently paid $1 million for a mansion in Longwood’s Alaqua Lakes, with a view of the gated community’s golf course. Located in the 2000 block of Alaqua Drive on a wooded 1-acre lot, the two-story home features five bedrooms, four and a half baths, and 6,619...

  • Local PE group buys turn-key office building in downtown Orlando to relocate

    Local PE group buys turn-key office building in downtown Orlando to relocate

    A local private equity group paid $1.3 million this week to stake its claim in downtown Orlando, buying a turn-key office building with private parking a block west of Lake Eola.  Located at 127 N. Magnolia Ave., the 0.15-acre parcel lies in the shadow of the One Eleven high-rise office and apartments...

  • Developer files plan for mixed-use project at main entrance to NeoCity

    Developer files plan for mixed-use project at main entrance to NeoCity

    Kissimmee-based Schoolfield Properties is preparing an 18-acre mixed-use project that will serve as the main gateway entrance to the NeoCity tech district. With a mix of office, retail, residential and hotel uses, Valencia Village has been designated a "project of significance" by the city because...

  • Maitland office owner pursues retail-dining infill along busy thoroughfare

    Maitland office owner pursues retail-dining infill along busy thoroughfare

    A local veteran attorney is pursuing retail-commercial infill for property along a busy Maitland thoroughfare, and has more land in the vicinity that may be considered for redevelopment.  Located at 500 N. Maitland Ave., the 2.64-acre parcel is about half developed now with a three-story, 27,445-square-foot...

  • Orlando Ballet revisits plans for HQ office & school at Loch Haven Park

    Orlando Ballet revisits plans for HQ office & school at Loch Haven Park

    The Orlando Ballet is revisiting its design plans to expand the Loch Haven Park Neighborhood Center in downtown Orlando as an all-inclusive headquarters, more than four years after reaching a deal with the city to lease the property. Located at 610 N. Lake Formosa Dr., the 2.33-acre site on Lake...

  • National CRE investor being acquired by Blackstone buys 4th Orlando warehouse

    National CRE investor being acquired by Blackstone buys 4th Orlando warehouse

    An affiliate of New York-based Gramercy Property Trust (GPT) paid $9.8 million on Tuesday for its fourth industrial property in Greater Orlando, a day after announcing it will be acquired by the world's largest real estate private equity firm.  Located at 3200 Mercy Dr. in northwest Orlando's "Center...

  • New TOD development booming around some SunRail stations, but Sanford lags

    New TOD development booming around some SunRail stations, but Sanford lags

    SunRail's planned extension to DeLand is still very much up in the air, but that hasn't stalled developer interest around the northernmost station in DeBary. Integra Land Co. expects to break ground this summer on a 289-unit luxury apartment community at the DeBary Town Center, a five-minute walk...

  • UCF seniors win Case Competition w/pitch for ultimate fighting near I-Drive

    UCF seniors win Case Competition w/pitch for ultimate fighting near I-Drive

    Four senior real estate majors at the University of Central Florida earned their stripes last month in the UCF Case Competition, winning over judges with a mixed-use development that proposed bringing one of the world's fastest growing sports to Orlando's tourism corridor.  NAIOP has sponsored...

  • International CRE group pays $72M+ for new Casselberry apartments complex

    International CRE group pays $72M+ for new Casselberry apartments complex

    An affiliate of real estate investment management group TH Real Estate paid $72.25 million last week for a new Class A apartments complex in Casselberry, its second local acquisition in the past seven months. The company bought the 336-unit former Bainbridge Casselberry apartments that were built...

  • Harbor Group pays $64M+ for 3rd Orlando-area new Class A apts asset

    Harbor Group pays $64M+ for 3rd Orlando-area new Class A apts asset

    Virginia-based commercial real estate investors Harbor Group International paid $64.5 million on Monday for its third multifamily property in Greater Orlando bought in the past 18 months.  Located at 7261 Crossroads Garden Dr., the 314-unit former Alexan Crossroads apartments anchors a main 12.73-acre...

  • As U.S. 27 corridor builds out, distribution warehouse projects move west in Polk

    As U.S. 27 corridor builds out, distribution warehouse projects move west in Polk

    Polk County is on the verge of landing another 2.24 million square feet of new distribution warehouse space, but it isn't coming to the U.S. 27 corridor. As that distribution hub reaches full buildout, industry leaders have turned their sights west on the Interstate 4 corridor to Auburndale. This...

  • Investors look to convert part of Maitland's Jewish Federation campus for ALF

    Investors look to convert part of Maitland's Jewish Federation campus for ALF

    Local commercial real estate consultants have part of the Jewish Federation campus in Maitland under contract, with plans to convert an existing building into a senior living and memory care facility. Located at 851 N. Maitland Ave., the 13-acre property is owned by the Jewish Federation of Greater...

  • Local construction manager pays $2.29M+ for home in Winter Park's The Vias

    Local construction manager pays $2.29M+ for home in Winter Park's The Vias

    A local construction entrepreneur paid more than $2.293 million in late April for a new home in Winter Park's The Vias, neighboring the Winter Park Racquet Club.  Located on three lots on Via Venetia within walking distance of the Isle of Sicily and Lake Maitland, the 6,208-square-foot custom home...

  • Manny's Original Chophouse preps fourth Orlando-area franchise near Disney

    Manny's Original Chophouse preps fourth Orlando-area franchise near Disney

    Lakeland-based Manny's Original Chophouse will open its fourth Orlando-area restaurant near Disney on S.R. 535 in Lake Buena Vista.  The kitschy, road trip-themed steakhouse is taking over the space at 12124 S. Apopka-Vineland Road formerly occupied by Joe's Crab Shack, which closed in July 2017....

  • Merger of leading national industrial CRE operators to impact Greater Orlando

    Merger of leading national industrial CRE operators to impact Greater Orlando

    Two of Orlando's largest owner-operators of industrial real estate are coming together in a national merger, with local portfolios that should compliment one another and new buildings in the pipeline. San Francisco-based Prologis, Inc. announced on Sunday it had reached a deal to acquire Denver-based ...

  • Singapore-based CRE group buys four industrial properties in Orlando

    Singapore-based CRE group buys four industrial properties in Orlando

    Affiliates of Singapore-based multinational real estate group Mapletree Investments paid a combined $36.4 million last week to make its market entry in Greater Orlando, buying four local flex-industrial properties as part of a larger portfolio deal. The seller appears to have turned a $7 million...

  • Developer seeks help from city of Orlando for 10-acre redevelopment in Parramore

    Developer seeks help from city of Orlando for 10-acre redevelopment in Parramore

    A veteran local developer is floating a New Orleans-inspired plan for part of downtown Orlando's Parramore neighborhood, and wants the city to commit support to get the ball rolling. But officials say a partnership could arise only after private land is lined up. Robert J.S. "Bob" Snow of Snow...

  • New hotels and multifamily coming to Winter Haven's Legoland corridor

    New hotels and multifamily coming to Winter Haven's Legoland corridor

    Multifamily developer Investors Realty is teaming up with South Florida hotelier Hardial Sibia to develop a 17-acre site in Winter Haven's Legoland corridor. Sibia's Dasmesh LLC bought the land at the northwest corner of Cypress Gardens Boulevard and Cypress Gardens Road in 2015. The property is...

  • Pineloch Management regrouping after shocking vote on Center Lake annexation

    Pineloch Management regrouping after shocking vote on Center Lake annexation

    Orlando-based Pineloch Management Corp. is still trying to regroup weeks after the St. Cloud City Council voted 3-2 against annexing its 2,016-acre Center Lake Ranch mixed-use project. The ranch property, just east of Narcoossee Road, is an approved Development of Regional Impact (DRI) with entitlements...

  • West Coast senior living developer expands Florida presence w/Winter Springs project

    West Coast senior living developer expands Florida presence w/Winter Springs project

    A Washington state-based senior living developer will begin work soon on an independent living community in Winter Springs’ Town Center, the firm’s seventh retirement community in Florida. Hawthorn Retirement Group should start work within the next few months on the four-story, 145-suite senior...

  • Steve Rivers, Austin Commercial

    Steve Rivers, Austin Commercial

    Steve Rivers has helped lead construction on some of Orlando’s most loved and lauded projects – the Mall at Millenia, Darden Restaurants’ headquarters, Disney’s Pop Century Resort and more recently, Universal’s Volcano Bay. He has called Central Florida home since 1999, arriving as a young project...

  • Orlando to offer two downtown parcels for affordable housing redevelopment

    Orlando to offer two downtown parcels for affordable housing redevelopment

    The city of Orlando is preparing to offer two pad-ready sites next week in downtown's west side for developers to build mixed-income affordable housing, with a special focus placed on making units available for the homeless.  The city acquired seven foreclosed properties from FannieMae back in...

  • Another multifamily developer lined up for northern side of Calvary Assembly land

    Another multifamily developer lined up for northern side of Calvary Assembly land

    Another multifamily developer is lined up to buy the northern portion of disposable land on the Calvary Assembly of God campus near downtown Orlando, with an estimated 220 apartments planned that would complete the church's property divestment efforts that date to 2016.  Calvary filed requests...

  • Universal expands mass grading permit request for anticipated theme park land

    Universal expands mass grading permit request for anticipated theme park land

    Universal Orlando took steps Wednesday to increase its mass grading plans for land owned east of Universal Boulevard, adding part of the property acquired earlier this month and, in the process, providing a more refined outline of a future theme park's development boundary.  Back on March 12, Universal...

  • Vacation home company buys $1.5M office building on W192 for expansion

    Vacation home company buys $1.5M office building on W192 for expansion

    A Kissimmee-based vacation home management company in need of more space paid $1.52 million earlier this month for an office building on W192 at the signalized Lindfields Boulevard intersection. Florida Scandi currently manages about 350 vacation homes and other rental properties, managing partner...

  • Miami developer gets loan for dual-hotel project on South I-Drive, seeks more assets

    Miami developer gets loan for dual-hotel project on South I-Drive, seeks more assets

    Miami-based Riviera Point Development Group has secured a construction loan to begin building its dual-brand hotel project on S. International Drive, and is looking for more hotel acquisition opportunities to boost its portfolio quickly. The developer paid $3.3 million in October 2016 to enter...

  • St. Cloud adopts design guidelines for all non-residential development

    St. Cloud adopts design guidelines for all non-residential development

    New commercial buildings in St. Cloud will have to adhere to strict architectural standards as part of a land development code (LDC) update the City Council unanimously approved on Thursday. Similar guidelines could be extended to unincorporated Osceola County later this year.  The ordinance requires...

  • Tavistock agrees to move Sunbridge utilities, preserve lands near Split Oak

    Tavistock agrees to move Sunbridge utilities, preserve lands near Split Oak

    Tavistock Development Company has made a costly concession, agreeing to relocate a new utility plant for Sunbridge in exchange for the full support of Osceola County Commissioners -- and environmental groups -- for a new toll road that clips the southwest corner of the Split Oak Forest. Tavistock...

  • California-based multifamily investment group to open Orlando office

    California-based multifamily investment group to open Orlando office

    California-based Passco Companies is planning to expand its footprint in Florida by opening a new office in Orlando, in anticipation of new multifamily investment locally in the future. The privately-held real estate company specializes in investment, acquisition, development and management of...

  • Developer bucks Seminole rural protections with 669-acre project & rezoning request

    Developer bucks Seminole rural protections with 669-acre project & rezoning request

    A Lake Mary real estate investor, who once represented western Seminole County in the state House of Representatives, is challenging the county’s rural land protections with a proposed 669-acre mixed-use development. Chris Dorworth, now a lobbyist for Ballard Partners, filed conceptual plans earlier...

  • Orlando seeks design-build contractor for new downtown community center

    Orlando seeks design-build contractor for new downtown community center

    The city of Orlando is seeking a design-build contractor to lead renovation and new construction for the new Grand Avenue Community Center, a project budgeted at $17 million, according to a Request for Proposals (RFP) issued Monday. The design-build services contract is for the former Grand Avenue...

  • Orange County seeks construction firm to install traffic calming devices

    Orange County seeks construction firm to install traffic calming devices

    Orange County is looking for a construction firm to lead the installation of new traffic calming devices, part of a growing commitment locally to reduce one of the highest pedestrian death rates in the country, according to an Invitation for Bids (IFB) issued last week.  The scope of work involves...

  • Celebration-based church buys 19-acre site in Reunion for new campus

    Celebration-based church buys 19-acre site in Reunion for new campus

    A non-denominational congregation that currently holds worship services at Celebration High School paid $3.1 million on Friday for land in nearby Reunion for its first church building. Lead Pastor Tim Ingram founded illuminate church in 2012 with 150 members, and the congregation has grown steadily...

  • Ferber brings Palm Pkwy site under contract, starts marketing for retail

    Ferber brings Palm Pkwy site under contract, starts marketing for retail

    South Florida-based developer The Ferber Company has approximately 25 acres under contract along Palm Parkway in Orlando's tourism corridor, with plans to capitalize on future road interconnectivity and displacement of nearby retailers.   Located just north of the intersection with Daryl Carter...

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