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Posts tagged "purchase"

Commercial real estate purchases show rebounding Florida economy

When the recession hit Florida, economists scrambled to give companies a heads-up on what the future would hold for business in the their area. Unfortunately, many businesses were hit hard and residents across the state watched Florida's economy begin to dwindle. But by just looking at recent commercial real estate purchases in Southwest Florida, readers of our blog may be able to see that our state's economy is rebounding in a healthy way.

Chase Plaza's top floors sold after property tax woes

Commercial real estate in Orlando has had its ebbs and flows. Properties that are sometimes well-known in the area for having large property tax bills can sometimes turn around and become destination addresses again. One such property in our area is the Chase Plaza complex. A company called Solar Blue once resided on the top three floors of the south tower until it sold the property in 2006 for $6.5 million.

Orlando Philharmonic closes on Plaza Live building

On Tuesday, the Orlando Philharmonic announced that it had closed on the Plaza Live building on Bumby Avenue. It paid $3.4 million for the 28,843-square foot property. The sale includes the Plaza Live business and the contents of the building.

Universal Orlando buys 52 acres of Wet 'n Wild land

Much of Orlando is abuzz over Universal Orlando's recent purchase of nearly 52 acres around the Wet 'n Wild theme park, just across the interstate from Universal's signature properties. The purchase is believed to have cost in the neighborhood of $31 million.

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