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Investment group buys trio of Orlando skyline buildings

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San Diego group instantly became downtown Orlando’s second-largest property owner with the purchase of three landmark buildings, including the 28-story Bank of America Center on Orange Avenue. The 18-story Citrus Center at 255 S. Orange Ave. and 19-story One Orlando Centre at 800 N. Magnolia Ave. also are part of the $208.1 million sale. The three buildings — which define much of Orlando’s skyline — total 1 million square feet of office space in Orlando. The deal comes at a time when the district’s first office high-rise in more than a decade is planned and several nearby commercial properties have changed hands. Longtime Orlando office broker Jeffrey Sweeney, of Cushman & Wakefield, said his group met with San Diego-based buyer Southwest Value Partners and found them to be “very bullish” on Florida and Orlando. “They immediately become the second-largest owner in downtown Orlando,” Sweeney said of the investment group. More than looking to redevelop properties, Sou
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Jobs, fewer loan defaults boost Orlando’s draw, report states

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Orlando’s rising employment rates and waning commercial mortgage delinquencies during the last year made the region one of the nation’s leading markets for growth and investment, according to a new study. The four-county area, including Orange, Osceola, Seminole and Lake counties, ranked fourth nationally for its business climate during the last four quarters, according to a report released Wednesday by the analytics firm Trepp LLC. Orlando ranked behind Seattle, Las Vegas and Atlanta in the measurement of economic growth and commercial real estate investment, said Sean Barrie, research analyst for Trepp. During the last year, Orlando’s population grew 2.5 percent and unemployment was 3.9 percent, with 42,800 jobs added during the last four quarters, Trepp’s report stated  Orlando’s ranking was not surprising to Marcel Arsenault, who oversees the investment management company Real Capital Solutions, based in Colorado. “We concur 100 percent. Orlando has wonderful in-migr
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From a September 20th article in Rebusiness on line

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Regeneration of Retail Spurring New Development, Investment Activity in Orlando Orlando’s retail market is experiencing renewed vigor. Construction cranes are rising in key areas due to increasingly high demand, and low vacancies are fueling rental rate growth, which has been somewhat stagnant over the last several years. There is also demand for larger vacated boxes as a result of the downsizing and bankruptcies of retailers. Spaces once occupied by Sears, Sports Authority and hhgregg, for example, are being filled by retailers entering or expanding their presence in the market, such as Lucky Market, Earth Fare, Orchard Supply, Ollie’s, 24 Hour Fitness and At Home. The activity is both resulting in and benefitting from exciting new developments and infrastructure improvements in the market. Development, Infrastructure Current development activity in Orlando is in direct response to considerable consumer demand, with many major retail projects recently completed or und
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Private mortgage Orlando

Jobs, fewer loan defaults boost Orlando's draw, report states Orlando’s rising employment rates and waning commercial mortgage delinquencies during the last year made the region one of the nation’s leading markets for growth and investment, according to a new study. The four-county area, including Orange, Osceola, Seminole and Lake counties, ranked fourth nationally for its business climate during the last four quarters, according to a report released Wednesday by the analytics firm Trepp LLC. Orlando ranked behind Seattle, Las Vegas and Atlanta in the measurement of economic growth and commercial real estate investment, said Sean Barrie, research analyst for Trepp. During the last year, Orlando’s population grew 2.5 percent and unemployment was 3.9 percent, with 42,800 jobs added during the last four quarters, Trepp’s report stated Orlando’s ranking was not surprising to Marcel Arsenault, who oversees the investment management company Real Capital Solutions, based in Co
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