Regions Southeast | Orlando
Special Report from IBS: Unsettled Housing Industry
Feb 14, 2008

“What a difference a year makes,” noted Bill Donges, CEO of the Atlanta-based Lane Co. during a press conference about the state of the multi-family industry held on the first day of the International Builders’ Show in Orlando, Teresa O’Dea Hein, managing editor of Multi-Housing News has reported. “This last year proves that real estate indeed is cyclical.” Despite the challenges in the housing industry, over 90,000 people are reportedly in attendance here—the convention’s last year in Orlando until 2011—for the 64th annual convention and exposition sponsored by the National Association of Home Builders (NAHB). Over 1,900 exhibiting companies are also here in force to showcase new and popular building products. At the press conference, Donges reported that in the last year, Lane was able to switch over about 8,000 units that had been originally slated as condos to be developed as apartments instead. To see the complete story, reported by our sister publication Multi-Housing News, click here.

 
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Orlando Office Trades in TIC Transaction
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Flagler Development Group has acquired Reserve at Maitland, a Class A office property with three single-story buildings in Orlando’s Maitland submarket, in a tenant-in-common exchange, according to Grubb & Ellis Realty Investors L.L.C.
Nemours, Skanska Team Up for $400M Children's Hospital in Orlando
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Nemours has finalized the acquisition of 60 acres of land in the heart of Lake Nona's medical city in Orlando, and plans to build a $400 million top-tier pediatric health care facility, anchored by a children's hospital. The pediatric health system company tapped Skanska USA Building Co. as the construction manager to oversee the building process for the facilities.