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McCraney’s Dade Paper Project Awarded Industrial Development of the Year

McCraney’s Dade Paper Project Awarded Industrial Development of the Year

NAIOP Central Florida Chapter has recently distinguished McCraney Property Company’s Dade Paper project with the “Industrial Development of the Year” title. Presented at the Best of the Best Awards Gala, the award recognizes Dade Paper’s 150,000-square-foot state-of-the-art Central Florida Distribution Center and Offices for its overall design to meet the…

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Orlando’s First Community Solar Farm Started Production in OUC’s Gardenia Campus

Orlando’s First Community Solar Farm Started Production in OUC’s Gardenia Campus

ESA Renewables has recently announced the completion of the first community solar farm in Orlando. The 2.5-acre array has a 400 kW output and as a community solar farm, it is only the second of its kind in the whole of the Sunshine State.…

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Universal’s Growth Brings 3,500 New Jobs

Universal’s Growth Brings 3,500 New Jobs

The upcoming expansion at Universal Orlando Resort will create 3,500 new permanent jobs during 2014, according to the management’s announcement. That is about the same amount of employees as Universal Orlando has hired in the past four years.…

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W. P. Carey Buys Self-Storage Property in Greater Orlando

W. P. Carey Buys Self-Storage Property in Greater Orlando

W. P. Carey Inc. took a dynamic start this year, having recently announced that one of its publicly held non-traded affiliates, CPA®:18 – Global acquired two Florida self-storage facilities last month, one of which is located in the Greater Orlando, Fla. area.…

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New Construction Phases Beginning in Providence Golf Community

New Construction Phases Beginning in Providence Golf Community

Providence luxury gated golf community in Davenport is facing a significant gain as a group of developers answer the demand for new construction. Beside the community’s main developer, ABD Development, builders currently constructing new homes in Providence include Park Square, Lennar, Richmond American and D.R. Horton.…

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Crescent Breaks Ground on Downtown Orlando Community

Crescent Breaks Ground on Downtown Orlando Community

Work has started on Crescent Central Station in downtown Orlando. Developer Crescent Communities says the 279-unit TOD apartment community will be completed by early 2015.…

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Embassy Suites Orlando-Lake Buena Vista Sold, Awaits Renovation

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.…

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Four Metro Orlando Office Buildings Sold

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.…

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Bella Vita Place Community Sold for $11.6M

Bella Vita Place Community Sold for $11.6M

The 192-unit apartment complex in the northwestern submarket of Orlando changed hands just recently, with Miami-based Rivergate Partners acquiring the property for $11.6 million.…

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Roger B. Kennedy, Inc. Starts the Year with Groundbreaking on $50M Worth of Hospitality Projects

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.…

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KBS Strategic Opportunity REIT Buys Orlando’s Maitland Promenade II for $31.2M

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.…

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Orlando’s Bala Sands Apartments Community Changes Hands

Orlando’s Bala Sands Apartments Community Changes Hands

Cushman & Wakefield of Florida recently announced the sale of Bala Sands Apartments in Orlando, Fla.…

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