Karen Arbutine & Associates

October 2011 Blog Archive

Details on Strategic Default Fri, Oct 21, 2011 Approximately 17 percent of Americans who defaulted on theirmortgages in the second quarter rof 2010 did it though a strategic default.  What is a strategic default?  It is when the owners of an asset choose tostop paying on your mortgage... Read More

Big Deal Landing Lake Mary Prep New Opportunities Fri, Oct 21, 2011   Lake Mary Preparatory School is notable in the purchase of  an 11 acre vacant, foreclosed office space,giving it the top spot for Central Florida's best deal with developed officereal estate in 2010-2011.   Lake Mary Prep on Ma... Read More

Project for SunRail On Track Fri, Oct 21, 2011 Lake Mary Station Located at Lake Mary Boulevard and County Club Road     Developer Chris Mahnken plans to raise his existing 6,000square foot office building and replace it with a 30,000 sq. ft. three or fourstory mixed use bui... Read More

Florida announced job cuts 2,345 in June Fri, Oct 21, 2011 Florida lost 13,095 jobs thus far in 2011.  This data has been provided by outplacementfirm Challenger, Gray & Christmas.  Employersnationwide announced 41,455 job cuts in June 2011, up 11.6 % from the priormonth.  This brings th... Read More

Shuttle and Tourism Strategy Changes at Space Coast Fri, Oct 21, 2011   Experts in the tourism industry have no doubt the loss ofshuttle launches will reduce the number of visitors to the Space Coast. Shuttle launches draw 250,000 plus spectators per event andnearly $4 million to $5 million in revenue for the ar... Read More

Orlandos Largest Tourist Attractions Fri, Oct 21, 2011 2010 Largest Tourists Attractions in Orlando FL 1.  The Magic Kingdom at Walt Disney World              Features Star Wars Weekend, Epcot International Food and Wine Festival. 2.... Read More

Record Breaking Year for Visitors In Orlando Fri, Oct 21, 2011 50 million plus visitors came to Orlando in 2010!  This is a record year for visitors.  Officials from the city of Orlando held apress conference stating Orlando FL had 51.4 million visitors in 2009. The city's previous high was... Read More

11th Annual Wiggle Waggle Walk Fri, Oct 21, 2011 11th Annual "Wiggle Waggle Walk" Saturday, Oct 22 9:00a              to 1:00p             at Cranes Roost Plaza at Uptown A... Read More

Longwood New Home Community Fri, Oct 21, 2011 New home builder Meritage Homes just purchased 24 home sites at Bella Vista in Longwood, Florida.   Bella Vista is a gated community which is building homes ranging from four to eight bedrooms.  Prices start at $300,000.  For more... Read More

Landscaping for Lasting Curb Appeal Thu, Oct 20, 2011 Every neighborhood has at least one – a home so impeccably maintained and carefully landscaped that just driving by makes you want to stop and ring the bell, hoping to get a glimpse at the stunning interior. It’s an elusive quality known as “curb app... Read More

Orlando FL Rent Prices to Go Up in the Coming Year Mon, Oct 10, 2011 In what has to be good news for those who are looking to invest in Orlando real estate and renting properties, some local experts believe that the rent prices will go up in the area within the coming year. Earlier this year vacancy rates had reached ... Read More

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