BREAKING COMMERCIAL REAL ESTATE NEWS
GREATER ORLANDO METRO
WEEK OF JUNE 1, 2020
|
Distressed real estate market beckons opportunistic buyers Hoping to take advantage of wreckage in the wake of the coronavirus pandemic, investors are preparing to snap up commercial real estate at rock-bottom prices. Long before states and cities closed businesses and issued stay-at-home orders, many real estate funds were stockpiling cash and waiting for a buyer's market. Some have raised billions of dollars in the last several weeks... |
|
|
|
Disney World, Universal, Sea World Announces Reopening Dates ORLANDO, FL - Mickey Mouse fans won't have long to wait for their Disney World fix. Disney World Orlando announced Wednesday that it's shooting for a July 11 reopening of the Magic Kingdom and Animal Kingdom and a July 15 reopening of Epcot and Hollywood Studios On Wednesday, Walt Disney World resented plans to the Orange County Economic Recovery Task Force outlining its intention to start a phased reopening of its Orlando theme parks including ways it plans to protect victors and staff from coronavirus... |
|
Exclusive: Luxury 'Vegas-style' project planned on I-Drive A nearly 50-year-old hotel on International Drive soon may be razed for a high-end residential development. Hotel owner Micah Bass to build an eight-story-plus, mixed-use project at 6603 International Drive. The unnamed project needs approvals before construction begins, No general contractor, architect, or engineer has been selected... |
|
|
Buyer tees up golf course redevelopment plans An Orlando golf course that's been up for sale for at least a year may have found a potential buyer. The unnamed applicant is requesting a meeting with Orange County to "explore redevelopment of Hunter's Creek Golf Course," according to Orange County documents. In July 2019, Hunter's Creek Golf Course Inc. was seeking a buyer for the roughly 188-acre golf course. Tadashi Hattori owns the course, state records show... |
|
|
Postponed local CRE conference goes virtual Stacey Mooney has tried to keep her event company Retail Live USA LLC in the minds of commercial real estate executives as the pandemic sent people indoors and, eventually, canceled her April dealmaking event in Orlando. So, she launched a weekly digital retail webinar featuring companies still doing deals despite Covid-19. It quickly became popular and she's currently booked out for the next three weeks with these types of events... |
|
|
Universal Orlando set to reopen hotels, let resort guests into theme parks 2 days early ORLANDO, Fla - Universal Orlando is a week away from reopening after being closed for months because of the coronavirus pandemic. On Friday, Universal said it will begin a phased reopening its resort hotels on June 2. And those staying in the hotels will be able to visit the theme parks on June 3 and 4 - before the official reopening on June 5... |
|
C. Fla. sees 'disconnect' between land buyers and sellers While Central Florida office and retail deals have struggled in recent months, there's one asset class that has remained nearly unaffected during the pandemic: land. Buyers have flooded the market looking for discounted land - thinking sellers need to part ways with property for cash during the pandemic. But sellers have mostly refused to budge on pre-pandemic prices thinking long term about Central Florida's growth and land values... |
|
|
