Orlando
Wood Partners Delivers First Units of Luxury $32.7M Alta at Lake Eve
Wood Partners is making headlines for the second time this month; after having recently broken ground on its 200-unit Rialto apartment complex in southwest Orlando, the company is now announcing the official opening of its newest multifamily community, the $32.7-million Alta at Lake Eve.…
Continue reading →HFF Secures $50M Refinancing for Three Central Florida Office Properties
Holliday Fenoglio Fowler, working on behalf of the borrower—a joint venture between The Praedium Group and Tower Realty Partners, Inc.—has secured $50 million in refinancing for three Central Florida office properties.…
Continue reading →Rida Development’s $200M Transit-Oriented Project Gets Preliminary Approval
RIDA Development’s master plan for a $200 million, multi-phased mixed-use development won the approval of Orlando's Municipal Planning Board on Tuesday, and must now go before the City Council. The ambitious project was first announced in 2011, when Mayor Buddy Dyer included RIDA’s idea in his State of Downtown speech.…
Continue reading →Orlando Fashion Square Mall Trades for $35M; Duke Realty Closes Five Notable Leases
By Georgiana Mihaila, Associate Editor Pennsylvania Real Estate Investment Trust is pursuing its previously announced strategy of improving the quality of its portfolio by selling non-core assets. One of the first non-core assets to trade is Orlando Fashion Square Mall, recently sold in a $35 million cash transaction. “The sale of Orlando…
Continue reading →Wood Partners Kick-Starts 200-Unit Community in Southwest Orlando
National multifamily developer Wood Partners will soon be adding 200 units on Spring Lake, at the entrance of Doctor Phillips, one of Orlando’s most desirable residential districts. The apartment complex, dubbed The Rialto, will rise on a 5.95-acre site set at the northwest corner of Sand Lake Road and Turkey…
Continue reading →Highwoods Sells Two Assets for $14.6M; Kite Realty Buys Publix-Anchored Center
Raleigh-based Highwoods Properties, Inc. has sold two non-core assets in Orlando for $14.6 million in cash. The two office properties—Metrowest Commerce Center and Cambridge in Orlando—encompass 134,000 square feet.…
Continue reading →718-Room Radisson Resort Orlando Trades, Prepares for Immediate Renovation
Radisson Resort Orlando – Celebration is now a member of the Interstate family, as a joint venture between Interstate Hotels & Resorts and Waramaug Hospitality LLC has recently acquired the 718-room hotel for an undisclosed amount.…
Continue reading →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…
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