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Marcus & Millichap MarketWatch
North/Central Florida
Below is an example of our popular "MarketWatch" reports, which we have for 37 markets
across the US. The MarketWatch includes news stories which are relevant to real
estate investors in local and regional markets. This example is from the North/Central Florida
version, if you would like one from another location, please
email us and we will put you on our list for your preferred markets.
250 New Jobs in DeBary?
Daytona Beach News Journal August 25, 2009 Lake Mary-based Southeast Fabricators Inc. is moving its manufacturing operations to DeBary from Lake County. Read more.
Credit Expected to Stay Tight for Another Year
South Florida Business Journal August 24, 2009 Lending standards will remain tight until the second half of 2010, according to senior loan officers at large banks. Read more.
State’s Mortgage Delinquency Highest in Nation
Jacksonville Business Journal August 24, 2009 Nearly 23 percent of residential loans in Florida were delinquent or in foreclosure in the second quarter, according to a survey by the Mortgage Bankers Association. Read more.
Florida Bank Losses Near $1 Billion at Mid-Year
Sarasota Herald Tribune August 28, 2009 Nearly 70 percent of the state's banks and 80 percent of the thrifts have lost money this year, according to the Federal Deposit Insurance Corp. Read more.
Volusia’s Largest Landowner Presents Development Plan
Daytona Beach News Journal The Miami Corp. proposal calls for a mix of commercial, industrial and residential development, including 29,500 homes. Read more.
First Home Sells Last Lots
Fort Myers News-Press August 28, 2009 In Lee County, a foreign group snaps up more than 1,400 lots in Lehigh Acres. Read more.
Plan Devotes 10 Acres to Port Development
Pensacola News Journal August 26, 2009 The Pensacola City Council is pursuing a proposal that could transform the northern 10 acres of the port into a mixed-use development. Read more.
Port Expects Revenue Boost
Tampa Tribune August 28, 2009 Port of Tampa officials said they expect petroleum, container cargo shipments and total tonnage to increase in 2010. Read more.
More Cruise Ships Coming to Tampa
St. Pete Times August 27, 2009 Royal Caribbean will bring a newer ship to the Port of Tampa in 2010 and with it, thousands of additional visitors to Tampa Bay. Read more.
Madeira Beach Might Change Restrictions to Attract Hotels
St. Pete Times August 25, 2009 Local officials are considering increasing density and building heights to attract development of major hotels in Madeira Beach. Read more.
Albertsons to Close Four Stores, Including One in Brandon
Tampa Bay Business Journal August 24, 2009 Albertsons plans to close four Florida stores and lay off 288 employees, including the Brandon Square location. Read more.
Company Seeks Approval for Retail Center
St. Pete Times August 26, 2009 An 8-acre site at U.S. 301 south of Williams Road could soon become a community center and mixed-use retail project. Read more.
Tampa Bay Home Prices Finally Rise
St. Pete Times August 25, 2009 The S&P Case-Shiller home price index reported prices rose locally 0.4 percent from May to June, the first increase in three years. Read more.
Condos Sic Judges on Owners for Back Fees
Orlando Sentinel August 28, 2009 Condominiums in Central Florida are seeking help from the courts because many condo owners are abandoning their fast-depreciating units and refusing to pay required maintenance fees. Legislation proposed earlier this year would have made owners responsible for 12 months' worth of fees, but the measure failed. Read more.
Oviedo Marketplace Losing Key Tenant
Orlando Sentinel August 26, 2009 Bed Bath & Beyond will move across the street into a power center called Oviedo Park Crossing. Read more.
AAA Expects Labor Day Travel to Lag Last Year
South Florida Sun-Sentinel August 26, 2009 Fewer Americans will take trips this Labor Day than last, but they'll find roads and airports busier than they were for the Fourth of July. Read more.
Hotel Demand Slow Until Fall 2010
Orlando Business Journal August 25, 2009 Orlando’s lodging industry shouldn’t expect an uptick in the demand for hotel rooms until the third quarter of 2010, according to a new PKF Hospitality Research report. Read more.
Orlando Hotel Occupancy Slips to Less Than 70 Percent
Orlando Sentinel August 25, 2009 In July, local hotels logged their worst month in more than two decades. Read more.
Proposals Aim to Maintain Waterfront Usage
Florida Times-Union August 28, 2009 Jacksonville officials are formulating a set of proposals aimed at maintaining the city's waterfront for recreational and commercial uses, but the recommendations stop short of forbidding residential development. Read more.
Local Economy Has Some Catching Up to Do
Florida Times-Union August 23, 2009 History shows it will take years before unemployment starts rebounding on the First Coast. Read more.
Stimulus Cash Will Flow Soon, Officials Say
Orlando Sentinel August 27, 2009 According to state officials, federal funds will start flowing late this year and early in 2010 in gushes that could be akin to the popular “cash for clunkers” program. Read more.
State Asks Feds for $270 Million for Commuter Rail
Orlando Sentinel August 24, 2009 Funds would be used to help offset the $1.2 billion cost of SunRail, which would link DeLand in Volusia County with downtown Orlando and Poinciana in Osceola County. Read more.
Volusia Officials Okay Large Tract in Port Orange
Daytona Beach News Journal August 28, 2009 The Volusia County Growth Management Commission endorsed a proposal for land use changes that will allow the 1,300-home Woodhaven project to be built. Read more.
Suburban Office Trio Sells for $11M
Globe Street August 26, 2009 The three-building Telecom Technology Center in Tampa has been sold for $10.9 million. The all-cash, 1031 exchange deal traded at a cap rate of nearly 10.7%. Marcus & Millichap Real Estate Investment Services was on both sides of the deal. Read more.
Polk County Hospitality Sector Holding Up
Lakeland Ledger August 17, 2009 As expected, not as many people have been visiting Polk County this year, but it could be worse. And it's getting better. Read more.
Hotels Face Difficult Season
South Florida Business Journal August 17, 2009 National hotel revenue and occupancy declines are expected to continue into the convention season, according to national lodging research firm Smith Travel Research. Read more.
Air Travel Stabilizes in June
Orlando Business Journal August 19, 2009 Declines in premium business, first-class and economy air travel began to stabilize in June, the International Air Transport Association reports. The drop in total passenger numbers on international flights slowed to 7.1 percent in June from 9.2 percent in May. Read more.
Effort Launched to Land High-Speed Rail Funding
St. Pete Times August 17, 2009 The state is seeking $2.53 billion in federal stimulus money to start building a high-speed rail line connecting Tampa to Orlando; line may eventually extend to Miami. Read more.
Trade Group Calls for Government Help with Commercial Real Estate
Jacksonville Business Journal August 18, 2009 The International Council of Shopping Centers is calling on the government to repair the capital credit markets and improve liquidity to help the retail industry recover. Read more.
Stimulus Funds Creating Few New Jobs in State
South Florida Sun-Sentinel August 17, 2009 Employment services in South Florida say the economic-recovery dollars have had little impact on the job market. Read more.
Crist Tells Realtors Florida’s Economy is Improving
Palm Beach Post August 21, 2009 In address to Florida Association of Realtors, governor says of economy, “you can feel it getting better.” Read more.
More Density Near Anclote Draws Opposition
St. Pete Times August 21, 2009 A proposal to develop 200 acres near the Anclote River has raised the ire of Pinellas County environmentalists. Read more.
Port Board Unmoved by Plea for Cuban Trade
St. Pete Times August 18, 2009 Developer back from a fact-finding trip to Cuba unsuccessfully tried rallying fellow Tampa Port Authority commissioners to push for an end to the U.S. trade embargo on the island nation. Read more.
Tampa Unemployment Hits 11.3%; State Rate Flat
Tampa Tribune August 21, 2009 The unemployment rate in the Tampa Bay area rose slightly last month but remained flat statewide, according to figures released Friday. Read more.
New Rays' Stadium Should Go Outside Downtown St. Pete
Tampa Tribune August 20, 2009 A committee studying the Tampa Bay Rays' stadium options affirms that the team needs a new stadium and that it should be outside of downtown St. Petersburg. Read more.
Commercial Property Sales Down 55%
Orlando Business Journal August 19, 2009 Sales of commercial properties in the Orlando market fell 55 percent for the period from July 2008 to June 30 compared with the same period a year prior, said a new report from LoopNet.com. Read more.
Downtown Sheraton Faces Foreclosure Sale
Orlando Sentinel August 18, 2009 Auction block looms as owner fails to come up with a plan to exit bankruptcy. Read more.
With Hiring Slow, Darden May Lose Tax Incentives
Orlando Sentinel August 21, 2009 Darden Restaurants could lose up to $2.5 million because it might not meet goals for job growth at its new south Orange County headquarters that is slated to open next month. Read more.
Hundreds in Osceola to Lose Jobs
Orlando Sentinel August 19, 2009 Looming budget cuts may force the county to lay off several hundred workers. Read more.
ICSC: Orlando Retail Sees Some Movement
Orlando Business Journal August 18, 2009 The retail market in the Orlando area appeared to show signs of life in the first half of this year, according to the International Council of Shopping Centers’ bi-annual Florida Retail report. Read more.
Road Improvements to Baymeadows Moving Forward
Florida Times-Union August 19, 2009 The roadway handles 50,000 cars a day just off of Interstate 95, and improvements could ease gridlock. Read more.
Keystone Coal Plans Marine Terminal
Florida Times-Union August 19, 2009 The company plans to start construction this year at the 67-acre site, which is near the Talleyrand Port area, and hopes the first cargo ship will dock in 2010. Read more.
Florida Looks to Manufacturing, Ports to Boost Economy
Florida Times-Union August 19, 2009 A conference hosted this week by the Duval County legislative delegation explored the potential for international trade using the state’s ports and made-in-Florida manufacturing. Read more.
Duval County’s Population Declines
Jacksonville Business Journal August 19, 2009 Three out of seven counties in Northeast Florida are losing residents, according to data from the University of Florida’s Bureau of Economic and Business Research, and all of them are at a quicker pace than the state. Read more.
Statewide Tourism Fell 9.4 Percent in Q2
South Florida Sun-Sentinel August 18, 2009 Tourism to Florida fell sharply in the second quarter but at a slower rate than in the previous two periods, a new report reveals. Tourism matters to the state because visitors account for about 20 percent of sales taxes collected. Read more.
Central Florida Losing Population
Orlando Sentinel August 20, 2009 Orlando, Orange County saw population dip last year for the first time in decades. Growth is likely to return when the economy improves, a prominent economist suggests. Read more.
Local Economic Gauge Improves
Florida Times-Union August 20, 2009 Regional index of leading indicators rose last month, an indication that the recession may be ending. Read more.
Aldi Plans to Expand Tampa Bay Presence
St. Pete Times August 18, 2009 The no-frills grocer is stepping up growth in Florida and the Tampa Bay market in particular. Read more
Office Properties Poised for Crash
Associated Press/St. Pete Times August 12, 2009 Even as the housing market starts to show signs of recovery, fortunes for commercial real estate are looking grim, experts claim. Read more.
Foreclosure Fallout Hangs Heaviest Here
Sarasota Herald Tribune August 13, 2009 Huge swaths of Florida's coastline were hot spots during the housing boom, but are now where foreclosure activity is heaviest. Read more.
Florida Home, Condo Sales on The Rise
Orlando Business Journal August 13, 2009 Home sales in Florida and across the country are starting to rebound as affordability pushes many who were on the fence back into the housing market, according to the Florida Association of Realtors. Read more.
Florida Tax Revenues Better than Expected
Miami Herald August 12, 2009 Lower-than-expected drop in tax revenues may suggest that the state economy is no longer unstable. Read more.
Hotel Analysts Offer Predictions for Recovery
Hotel News Now August 13, 2009 Panelists at the recent Hotel Data Conference organized by Smith Travel Research attempted to project when a recovery might begin and what it might look like. Read more.
Lure of Green Cards Draw Foreign Investors to Florida
Miami Herald August 11, 2009 Immigration attorneys say a growing number of Latin American and European clients are applying for investor visas, which can initiate a path to residency and eventually citizenship. Read more.
TIA Expects Modest Rise in Travelers
St. Pete Times August 13, 2009 A decline in passenger volume at should give way to modest growth in the coming fiscal year starting in October, airport official predict. Read more.
Sears to Shut Tarpon Springs Kmart
Tampa Bay Business Journal August 10, 2009 Sears Holdings Corp. will lay off 68 employees with the closing of a Kmart store in Tarpon Springs this November. Read more.
Publix to Close Some Stores Near Albertsons
St. Pete Times August 10, 2009 Five locations targeted for closure. Read more.
Foreclosures Continue to Hound State, Tampa Bay
St. Pete Times August 13, 2009 Another 6,767 Tampa Bay area properties entered into foreclosure in July, down from 7,216 foreclosure cases reported in June. Read more.
Home Sales in Pinellas, Hillsborough Rise
St. Pete Times August 11, 2009 According to the Greater Tampa Association of Realtors, sales rose 23 percent in July from one year ago; a 26 percent jump posted in Pinellas. Prices fall. Read more.
Pasco Commissioners Approve Subdivision
St. Pete Times August 11, 2009 Citrus Ridge, located west of Dade City, will contain more than 300 homes. Read more.
Panel Okays Industrial Park
St. Pete Times August 13, 2009 A 296-acre office and industrial park that developers say would create 3,275 jobs when built out in 2018 won preliminary approval from Pasco County officials. Read more.
Orlando Backs $70M Arts Center Bond Issue
Orlando Business Journal August 11, 2009 The Orlando City Commission approved issuing $70 million worth of bonds to finance initial work on the proposed $383 million Dr. P. Phillips Orlando Performing Arts Center in downtown Orlando. Read more.
Lender Forecloses on Sanford Apartment Complex
Orlando Sentinel August 12, 2009 The property, Plantation Lakes Apartments, contains 360 units. Read more.
Water Problem Won’t Delay Hilton
Orlando Sentinel August 10, 2009 The 1,400-room hotel remains on course to open next month despite a recent plumbing issue. Also: other hospitality news. Read more.
Foreclosures Remain Elevated
Orlando Sentinel August 13, 2009 Orlando's pool of foreclosures swelled last month, but the metro area dropped in a nationwide ranking because other cities were hit harder. Read more.
Orlando Housing Market Warming Up
Orlando Sentinel August 11, 2009 The latest report for existing-home sales in the Orlando area showed prices rising a bit in July for a second month in a row. Some concerns linger, however. Read more.
Memorial Health Wants to Build Westside Hospital
Florida Times-Union August 13, 2009 The health system foresees population growth and need for medical care in areas south of I-10. Read more.
JEDC Has Grand Designs for Metropolitan Park
Florida Times-Union August 9, 2009 The Jacksonville Economic Development Commission has stepped forward with ideas for advancing downtown development by focusing city spending on public places. Read more.
Jacksonville Home Values Down 16%
Jacksonville Business Journal August 11, 2009 The average Jacksonville area home value was down 16.4 percent year-over-year in June, according to the second-quarter Zillow Real Estate Market Reports. Read more.
Clock Winding Down on Extending Shuttle
Florida Today August 14, 2009 The White House would need to extend shuttle operations by the end of the year to avoid a gap between the fleet's scheduled retirement in late 2010 and the launch of any additional missions, NASA official claims. The agency is poised to lay off 1,200 shuttle employees later this year. Read more.
Central Florida Economic Indicators Less Grim
Orlando Sentinel August 12, 2009 The barometers of Central Florida's economy continue heading in the wrong direction, but the worst may be over. Read more.
State Loses Population for First Time Since WWII
St. Pete Times August 10, 2009 University of Florida demographers report that the state shed about 50,000 residents between April 2008 and April 2009. Read more.
Conference Attendees Predict RevPAR Recovery Late Next Year
Hotel News Now August 6, 2009 More than 50 percent of attendees at STR’s Hotel Data Conference believe the industry’s revenue per available room will not start to recover until at least the second half of 2010 or after. Read more.
Planning for USF Poly Campus Accelerates
Lakeland Ledger August 4, 2009 School officials unveiled the steps they need to take for the new campus at Interstate 4 and the Polk Parkway to open in summer 2012. Read more.
Dillard’s to Close Two Failing Stores
St. Pete Times August 3, 2009 Department store chain will close full-line stores in Bradenton and Sarasota by the end of the year. Read more.
County Sends Growth Map Change for Review
Lakeland Ledger August 5, 2009 Polk County officials submitted to the state a proposal to alter the county’s growth map to allow redevelopment of 315 acres long old Highway 37. Read more.
Congress to State: Speed Up Stimulus Spending
Reuters August 6, 2009 Florida ranks last among all states in spending its share of highway money from the U.S. economic stimulus plan. Read more.
Scores Jobless as Taylor, Bean & Whitaker Closes
Ocala Star-Banner August 6, 2009 The Ocala-based mortgage firm closes after an FBI raid; more than 1,000 workers out of work. Read more.
NOAA Lowers Hurricane Forecast
Associated Press/Lakeland Ledger August 6, 2009 Three to six hurricanes now expected; one or two may become major storms. Read more.
Clearwater Projects Face Foreclosure
St. Pete Times August 6, 2009 Lenders are moving to foreclose on a proposed condo tower and a proposed hotel project. Read more.
Convention Center Leery of Competition
Tampa Tribune August 7, 2009 A proposed West Shore convention center would eat into sales at the Tampa Convention Center, a local official contends. Read more.
Bed Tax Revenue Continues to Drop
Tampa Tribune August 7, 2009 A 21 percent fall recorded in July latest sign of hotel sector weakness. Read more.
Closing of Post Offices Studied
St. Pete Times August 3, 2009 Up to 13 post offices in Tampa MSA may be closed; post offices can generate traffic for adjacent retailers. Read more.
Largo Manufacturer Closing
St. Pete Times July 31, 2009 Smith & Nephew to cut 160 jobs. Read more.
Greystar Opens Rental Community
Tampa Bay Business Journal August 3, 2009 Greystar Real Estate Partners has opened Seneca at Cypress Creek, a 450-unit rental community in southern Pasco County. Read more.
Orlando Area May Lose Eight Post Offices
Orlando Sentinel August 4, 2009 Eight offices across Orlando and Kissimmee may be shuttered as the U.S. Postal Service confronts massive financial losses. Post offices can generate traffic for adjacent retailers. Read more.
Attendance at Universal Orlando Falls
Orlando Sentinel August 6, 2009 Gate in Q2 falls 14 percent from corresponding period a year ago. Universal's results come a week after Disney disclosed that attendance at Walt Disney World held steady during a similar time period. Read more.
June Air Traffic Drops 5.9%
Orlando Business Journal August 6, 2009 Orlando International Airport revealed that its overall traffic in June dropped 5.9 percent, despite a 20.4 percent jump in international passengers. Read more.
Fewer Foreign Travelers Visit US, Spend Less While Here
Orlando Sentinel August 3, 2009 According to the U.S. Department of Commerce, international travel to the United States fell 12 percent in May from the same month last year. Read more
Azzouz Avoids Foreclosure on Veranda Park
Orlando Business Journal August 5, 2009 A U.S. Bankruptcy Judge has given developer Kevin Azzouz nearly two months to finalize a plan to save a portion of his Veranda Park mixed-use development. Read more.
Work Starts at Publix-anchored Center
Orlando Business Journal August 7, 2009 A local development firm started work late last month on a 160,000-square-foot, more than $20 million mixed-use center in Mount Dora. Read more.
Container Shipping Faces Choppy Waters
Jacksonville Business Journal August 4, 2009 The Port of Jacksonville has heralded its burgeoning container trade and it has seen year-over-year growth, though largely because the TraPac Inc.'s terminal brought business that was not here last year. Read more.
USPS Targets Six Local Branches for Closure
Jacksonville Business Journal August 5, 2009 Six North Florida post office branches are on a list of hundreds the U.S. Postal Service is thinking of closing to save money. Read more.
Firm Selects Clay County for HQ
Florida Times-Union August 5, 2009 Clay County and the state combined to offer financial incentives worth up to $150,000 to attract the headquarters of InEntec Chemical. Read more.
Vistakon to Lay Off Workers
Florida Times-Union August 5, 2009 Over the next two months, the contact lens manufacturer will trim headcount by 180 workers. Read more.
Fed Grant Could Create 800 Jobs
Florida Times-Union August 5, 2009 Jacksonville’s pursuit of a high-tech battery plant took a leap forward when the federal government announced a $95.5 million grant for construction of the factory. Read more.
Is Worst of Country’s Real Estate Crisis Over?
Associated Press/Bradenton Herald August 4, 2009 Even as Americans suffer rising unemployment, foreclosure rates in three states hit hardest by the housing bust — California, Arizona and Florida — stabilized in June, the newest signal that the worst of the real estate crisis is over. Read more.
Congress Urged to Pass Rental Plan
Tampa Tribune August 4, 2009 Pressure is building for Congress to enact a plan that would require lenders to allow foreclosed homeowners to stay in their homes as renters for up to 10 years. Read more.
Opening of UCF Medical School Just the Beginning
Orlando Sentinel August 2, 2009 Organizers hope the 700-acre project creates thousands of jobs, massive amounts of new tax revenue; components of Medical City falling into place. Read more.
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