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The Lake Mary / Heathrow Florida Real Estate Blog

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Lake Mary Homes For Sale / The Lake Mary / Heathrow Florida Real Estate Blog /

Commercial News

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Industrial Vacancy Rates in Orlando market on a steady upward trend Monday, June 21, 2010

The industrial real estate market in Central Florida showed minimal signs of improvement, with a ways to go toward recovery. Seven of the area's 10 submarkets showed a better first-quarter net absorption than the previous year, meaning more vac...

Posted by in Commercial News | Comments (0)

Firm purchases Downtown Orlando's Crowne Plaza, plans upgrades Friday, June 11, 2010

A Canadian firm bought the downtown Orlando Crowne Plaza in May and intends to invest up to $2 million for upgrades. The property was originally a Holiday Inn and was damaged by the hurricanes in 2004 and then converted to a condo-hotel known a...

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Plans for Lake Nona's 70,417 SF Neighborhood Shopping Center Wednesday, June 09, 2010

Lake Nona is one of Central Florida's hottest-growing developments and a local developer plans to build a new grocery-anchored shopping center on the southeast side of the 7,000 acre Lake Nona community southeast Orlando. If approved, the city ...

Posted by in Commercial News | Comments (1)

Tips on Cutting Energy Costs for Businesses Friday, June 04, 2010

Heating, lighting and air conditioning account for approximately 70 percent of energy usage in most commercial buildings. Businesses can save on expenses by doing simple things such as turning off lights, computers and other appliances when the...

Posted by in Commercial News | Comments (0)

Downtown Condominium The Vue Sold at Auction Monday, May 17, 2010

The 36-story, 375-unit tower, The Vue at Lake Eola condominium, was sold at auction for $25.9 million . The winning bid came from Condo Deleveloper LLC, a Delaware-based corporation formed on March 8. The final bid was $5.4 million more ...

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Seminole County Office Space Vacancy Monday, May 17, 2010

Seminole county has an average office space vacancy rate of 19.1 percent for the first quarter 2010, compared with 21.1 percent throughout Central Florida. More rental office space came on the market in the first-quarter of 2010 than was leased...

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Wal-Mart Brings jobs to Casselberry with Supercenter Wednesday, May 12, 2010

After a two year delay, the city of Casselberry may finally get its new Wal-Mart Supercenter, bringing an estimated 250 permanent jobs to the area by 2011. The site is located at U.S highway 17-92 and State Road 436. It typically takes a...

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Business Prices Drop in Orlando Wednesday, May 12, 2010

The current price to purchase a business in Orlando has dropped 12.6 percent compared to last year. The current asking price for a business is about $169,500. compared to last years price was $194,000. The first quarter 2010 data is based...

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$20M Lake Mary Medical Office Project Construction Starting Soon Thursday, May 06, 2010

Mariner Asset Management Services LLC plans to build a $20 million, 72,000 sq. ft. medical office complex dubbed Heathrow Health City within the next few months. The locaton is County Road 46A, east of Rinehart Road. Construction could be...

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Orange County Commission Votes Against $1.2B Rybolt Park Plan Wednesday, March 17, 2010

On March 9 the Orange County Commission voted down a controversial plan that would have developed a 1,440 acre, 100-year old cattle ranch east of the Econlockhatchee River into a $1.2 billion mixed-use community similar to Baldwin Park located in Ora...

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