The county will pay 3 finalists $15k-$25k each for their master conceptual plans for the 500-acre Judge Farms research park. It also seeks a planner for the 394-acre College Station property, home of Valencia College's Poinciana campus.
Maryland-based Marshall Hotels & Resorts takes over property management, tasked in helping to recover $4 million improperly transferred out of country by the former Brazilian court-appointed administrator.
The global real estate investment firm is partnering with owner-operator Milestone Apartments REIT on a $1.9 billion portfolio acquisition to close in early 2016, which includes five properties in Greater Orlando.
Developer Abdul Mathin ends a short-lived relationship with boutique investment adviser Chesterfield Faring, opting to handle the search for large private investors to provide $200 million or more to the project.
Capstone Development spent $13.1 million for a select-service hotel near Universal Orlando in early October, along with $61.5 million for a portfolio of five other Florida hotels that includes a Clermont property, and will start renovations next year.
The new owner-operator will put a few million dollars into renovations between now and December, and should be the first hotel in the U.S. to carry Marriott's newly-acquired Delta Hotels and Resorts brand.
But interested buyers may not have to wait until the public foreclosure auction on that date, with an opportunity to buy the plaintiff's judgment and bidding rights on the property as soon as next week.
Current development plan for 20 acres at Universal Boulevard and Destination Parkway will follow current standard of suburban-esque retail development, getting in before stricter I-Drive Vision standards can take effect.