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  • 11/30/2023 11:00 AM | Debbie Colangelo (Administrator)

    Paul P. Partyka, CCIM, MiCP, CIPS, partner at NAI Realvest facilitated the sale of Panther Ideal Holdings LLC's industrial property at 3200 Parker Drive in St Augustine.

    The property, which includes a 147,038-square-foot industrial building and 16.6 acres of land, sold for $9,950,000.

    The buyers, 3200 Parker Drive LLC and Parker Drive Investors LLC, are expanding their portfolio of single tenant buildings and strengthening their presence in Florida.

  • 11/28/2023 9:30 PM | Debbie Colangelo (Administrator)

    Paul P. Partyka, CCIM, MiCP, CIPS, partner at NAI Realvest, recently secured a new location for Custom Cornhole Boards Inc.

    The company secured a 6,331 square feet of space at 531 S Econ Circle in Orlando.

    Specializing in premium cornhole boards, bags, and accessories, the move brings their presence to the UCF area.

  • 11/21/2023 7:49 PM | Debbie Colangelo (Administrator)

    CFCAR believes that great networking and deal-making requires the right fuel. 

    The commercial real estate association backed up this belief by feeding hundreds of agents, brokers and deal makers this year at the Florida CCIM Central District Monthly Marketing Breakfast.  

    The last breakfast of the year was well attended and included another great breakfast spread that included a breakfast casserole, fruit salad, deviled eggs, and homemade oatmeal crème pies.  

    While Rick Orr of Total Commercial pulled up listings from his computer and shared them on the display screen, Marie Shorey of Palkiper Commercial kept the event lively and upbeat. 

    CFCAR board members and leaders have supported Central District with these hot breakfasts during 2023 as well as with a sponsorship of their annual golf event and attendance at many of their events.

  • 11/14/2023 3:18 PM | Debbie Colangelo (Administrator)

    The next meeting will be:

    Friday, November 17th, 2023

    Doors open at 8:30AM
    Meeting starts at 9:00AM

    at the

    Orlando Regional Realtors (ORRA) Building
    1330 Lee Road
    Orlando, FL 32810

    (Your properties must be on TotalCommercial to be presented.)

    Sponsored by the Florida CCIM Chapter Central District since May 2008
    Co-sponsored by ORRA Commercial Council and CFCAR | CFCREA.

    Just show up ready to make some money!

    Breakfast Provided by CFCAR

  • 11/14/2023 8:55 AM | Debbie Colangelo (Administrator)

    A new business park with 67,800 square feet of office and flexible warehouse space is being planned in Stevens Plantation in St. Cloud by a development company headed by Public Service Commissioner Mike La Rosa.

    La Rosa, a Republican from St. Cloud, served four terms in the state House of Representatives before being named to the PSC in 2020. This week, he was chosen to be the PSC chairman. La Rosa is the vice president of La Rosa Development, a business he founded alongside his father and brother. In 2022, La Rosa Development paid $825,000 to the City of St. Cloud for the 5.5 acres on Progress Avenue.

    The city's Development Review Committee approved the Site Development Plan, which was designed by KPM Franklin. According to the plan, there will be three 10,640 square foot one-story office buildings facing Progress Lane and three 12,000 square foot warehouse structures behind them. La Rosa was informed by the DRC that he may move on with site development if he complied with the guidelines in the staff report.

    Source:  GrowthSpotter

  • 11/09/2023 8:48 PM | Debbie Colangelo (Administrator)

    Newmark announced the completion of the $80.4 million sale and financing of The Grove at Clermont, a brand-new, 288-unit multifamily asset in Clermont.

    The asset traded from a joint venture between Penler and CrossHabor Capital to Venterra Realty.

    Newmark Multifamily Capital Markets Vice Chairmen Scott Ramey and Patrick Dufour, Director Brad Downing and Associate Paul Grant represented the seller in the sale transaction.

    “The Grove at Clermont is the second closed sale this year of a recently constructed, Class A luxury garden apartment community in the Orlando MSA, representing continued investor confidence in top-of-the-market multifamily assets in Central Florida,” said Ramey. “The buyer, who already owns assets throughout Central Florida, is poised to benefit from The Grove’s strategic location and the booming growth that the Clermont submarket is currently experiencing.” 

    The Newmark Multifamily Capital Markets team secured new acquisition financing from Freddie Mac, totaling $45,088,000. Vice Chairman Matt Williams, Directors Kyle Schlitt and James Maynard and Assistant Vice President Robert Wright facilitated the loan on behalf of the buyer, Venterra Realty.

    “Our team was able to capitalize on the property’s leasing velocity and place the loan into the Freddie Mac Lease-Up program, which offered the client the best combination of proceeds and rate based on a stabilized cash flow,” said Schlitt.  

    The two-story, 288-unit multifamily asset features well-appointed apartments with ground floor direct entries into all units, private balconies and patios, luxury wood grain plank flooring, quartz countertops, stainless steel appliance packages with front-control ranges and designer subway tile backsplashes. In addition, residents enjoy an amenity-rich environment with access to a resort-style, tropical pool, a 24-hour commercial-grade fitness center, a clubhouse equipped with gaming rooms, beer tap and multiple meeting spaces, and an expansive outdoor game lawn with grilling stations.

  • 11/07/2023 7:27 PM | Debbie Colangelo (Administrator)

    Following the construction of a 155,000-square-foot commercial center along S.R. 417 in 2021, Southern Development & Construction saw the immediate vacancy of nearby warehouse buildings and realized that additional industrial space was needed in this Oviedo-area neighborhood.

    Accordingly, the company intends to build a second industrial park on nine acres just across from its Oviedo Commercial Center.

    Plans for the new Connection Point Commercial Center project have been filed with Seminole County.  Plans include three warehouse buildings with a combined area of 124,000 square feet and a maximum of 30 bays.

    The largest warehouse on the property would span 46,075 square feet while the smallest, in the middle of the site, would cover 34,650 square feet. The other warehouse building would stretch across 43,560 square feet.

    Source: GrowthSpotter

  • 11/03/2023 10:35 AM | Debbie Colangelo (Administrator)

    Applying for a building permit in Orange County is now quicker and easier now that a step in the process has been eliminated.

    The county has done away with the second page of permit application materials, which has, for 20 years, required a notarized signature.

    In addition to saving time for applicants, county officials say the change will save roughly 55,000 sheets of paper per year.

    After Allen became the county’s building official in July of 2022, he began reviewing every step in the process to see what could be streamlined.  He noticed a redundancy.

    The county was already obtaining the same information electronically that was requested via page two of the application.  The same information was also captured in the Notice of Commencement documents, required by state statute.

    This marks the latest effort by a local government body to help developers get through the approval process quicker. The City of Altamonte Springs recently started a pilot program with AutoReview.AI to use Artificial Intelligence for site plan reviews.

    Source:  GrowthSpotter

  • 11/01/2023 7:21 PM | Debbie Colangelo (Administrator)

    A nearly 20-acre stretch of land just west of the Seminole Towne Center Mall near Sanford is being eyed for a large-scale mixed-use project with more than 300 apartment units, 406,437 square feet of nonresidential space, and a 120-room hotel.

    Winter Park-based Douglas Partners has submitted an application to Seminole County requesting to change the zoning for an assemblage of 21 parcels along International Parkway from its current agricultural and office designation to clear the way for the new development.

    The proposed land-use change was scheduled to go before the county’s planning and zoning commission on Nov. 1. Staff is recommending approval.

    The property, located a short drive south of S.R. 46, sits within Seminole County’s High Intensity Planned Development Target Industry (HIPTI) area. The future land-use designation was established by the county in 1990 to attract economic development to land along the northside of I-4.

    “The proposed development meets the criteria of the future land-use as it provides for a mixture of non-residential target industry uses, such as medical office, outpatient facilities, general office, hotel, and commercial support uses,” Chad Moorhead with the Maitland-based engineering firm Madden, Moorhead & Stokes wrote in application materials.  “The proposed development will contain a supportive, high-density residential section that is intended to house the employees of the target industry and other adjacent uses.”

    Source:  GrowthSpotter

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