BREAKING COMMERCIAL REAL ESTATE NEWS
GREATER ORLANDO METRO
WEEK OF JULY 6, 2020
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Winter Park commissioners see development opportunities on U.S. Highway 17-92 and beyond It's been a contentious past few months between two developers and Winter Park's city commission. Both Winter Park-based Demtree Global LLC and the Holler family's DI Partners LLLP and CVJCR Properties Ltd LLP sued the city after several new commissioners overturned in April a previously passed overlay district ordinance allowing for more development between U.S. Highway 17-92 and Fairbanks Avenue. The developers had planned to use the ordinance's passage to build future commercial projects on land they owned... |
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Breaking: Orlando Sentinel sued over alleged missed rent payments The Orlando Sentinel - the largest daily newspaper in Central Florida - has been sued by the landlord of its longtime 18-acre downtown campus over alleged unpaid rent, according to court documents. Entities related to the Miami-based landlord - Orlando Opportunities South B LLC and Midtown Opportunities VIB LLC - have filed the lawsuit in the Ninth Judicial Circuit Court of Florida against Orlando Sentinel Communications Company LLC and Chicago-based parent company Tribune Publishing Co LLC... |
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Development costs may go up in Orange, Seminole counties Orange County - Central Florida's largest county by population - and adjacent Seminole County are mulling raising the price for future residential development. Both countries are currently weighing whether or not to raise impact fees in the coming months, These fees are often one-time and are tacking on to construction projects to fund a portion of the transportation needs that are created due to the new development...
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Orange County to vote on pausing some building permit fees It may become more affordable to build in Orange County - for a limited time - in an effort to spur more construction activity. The Orange County Board of County Commissioners will weigh on July 7 offsetting $10 million in building permits for a six-month period, according to county documents. And developers may be able to apply for up to $100,000 in building permits offsets per project.... |
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With department stores disappearing, malls could be next The directory map for the Northfield Square Mall in Bourbonnais, Illinois, has three glaring spaces where large department stores once stood. Soon there will be a fourth vacancy, now that JC Penny is liquidating stores after filing for bankruptcy... |
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