|
|
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.
Commissioners approve higher tax rate, lower budget
Sunday October 4, 2009 09:58 AM
Officials in Plant City voted to raise the city's property tax rate to about $4.72 for each $1,000 of assessed, taxable value, up from about $4.16. The city's budget will drop to $58.83 million, from $64.4 million in 2008-09. The budget, which took effect Oct. 1, doesn't include pay increases ...
Youfit Health Clubs Leases 12,700 SF
Tuesday October 6, 2009 09:03 PM
Youfit Health Clubs signed a 12,719-square-foot, 10-year lease in Sago Plaza in Tampa. The new fitness facility is expected to open for business in January 2010...
World Cup in Tampa?
Wednesday, October 7, 2009
Tourism officials start courting soccer’s governing body to host preliminary matches. Tourism impact likened to hosting “four Super Bowls”…..
Quarry Preserve seeks delay
Thursday, October 8, 2009
Review of project in Hernando County pushed back to November. Developers envision up to 5,800 homes, up to 200 lodging units, up to 850,000 square feet of industrial/office park uses, and 545,000 square feet of retail.
Investors buy Corus assets, including Tampa condo projects
Wednesday, October 7, 2009
Investors led by Starwood Capital agreed to buy the key assets of failed lender Corus Bank for $554.4 million in a deal that will make the Starwood group a significant owner of condo projects in Tampa Bay and South Florida…
Osceola tourist tax down 22.5% in August
Friday October 9, 2009 12:29 PM
Osceola County’s tourist tax collections — a key indicator of the strength of the local tourism industry — dropped 22.5 percent in August compared to the same month last year ...
Citrus Club renews in Downtown Orlando
Wednesday October 7, 2009 03:54 PM
ClubCorp has renewed its 26,000 square-foot lease in downtown Orlando's Citrus Center for another 15 years ...
Progress Energy renews 108,500-SF office lease
Tuesday October 6, 2009 09:42 PM
Progress Energy has renewed its lease for the entire 108,500-square-foot Northpoint III building in Lake Mary. Terms of the deal were undisclosed ...
SeaWorld Orlando gets new owner
Wednesday, October 7, 2009
Anheuser-Busch InBev will sell SeaWorld Orlando's parent to the Blackstone Group...
Read more
UF Center will Join Burnham at Lake Nona
Friday, October 9, 2009
The University of Florida will build a research and teaching center next to Orlando's new Burnham Institute for Medical Research…
Read more
Senior Bowl not coming to Jacksonville
Thursday, October 8, 2009
City loses out to Montgomery, AL; hosting game would have boosted hotels, restaurants for a week in January…
Jacksonville Beach orders more budget cuts, smaller tax hike
Wednesday October 7, 2009
The Jacksonville Beach City Council approved a compromise to spare taxpayers from shouldering the full burden of a $186 million mistake by the Duval County Property Appraiser’s Office. The compromise means the average homeowner ...
Blue Cross to lay off workers by year’s end
Wednesday, October 7, 2009
Blue Cross and Blue Shield of Florida plans to lay off as many as 150 employees during the last three months of this year; effect on Jacksonville employment unclear…
Read more
Dredging for Mayport carrier may have Congress approval
Wednesday, October 7, 2009
Dredging the basin at Mayport Naval Station in Jacksonville is a necessary step toward getting a nuclear-powered aircraft carrier based there. Basing of carrier envisioned as significant job creator…
Read more
Bill to lure foreigners thrills tourism industry
Thursday, October 8, 2009
The U.S. House agreed to support a new marketing campaign aimed at increasing foreign travel to the United States, a potential boon to Central Florida…
Read more
Tampa Bay retail market languishing
Monday October 5, 2009
Deal activity remains at or near historic lows when it comes to the region’s retail investment market, according to the third quarter report by Marcus & Millichap Real Estate Investment Services ...
Stimulus Money Boosts Biotech
Palm Beach Post
September 29, 2009
So far, Florida biotech concerns have collected $96 million in federal stimulus funds, according to the National Institute of Health.
New Jobs on Line in Brevard
Florida Today
September 26, 2009
The Air Force is poised to reopen the competition between Boeing and Northrop Grumman for a troubled $35-billion tanker contract that has job implications for the Space Coast.
Lasting Change for Business Travel?
Orlando Sentinel
October 1, 2009
Despite pent-up demand for face-to-face meetings, any improvement in the amount of
business travel next year will be small, according to a forecast from American Express.
Rail Looks Promising for Pinellas
Editorial
St. Pete Times
September 27, 2009
Survey shows many residents favor commuter rail line; looking officials may intensify effort to make proposed system a reality.
Start of New Fiscal Year Idles County Workers
St. Pete Times
October 1, 2009
Budget cuts have forced Pinellas County to lay off more than 200 workers.
Blue Cross and Blue Shield Expands Retail Store Concept to Tampa
Tampa Bay Business Journal
October 1, 2009
Blue Cross and Blue Shield of Florida has broken ground for a Florida Blue retail store in Tampa. Florida Blue, a consumer health care center, will be located at 201 N. West Shore Blvd. Construction is expected to be completed by mid-December, a release said.
Hotel-Condo Project Slips into Foreclosure
St. Pete Times
September 28, 2009
A one-time hotel-condominium project in St. Petersburg's Old Northeast has slid into foreclosure.
Crescent Sells Office Building
St. Pete Times
September 28, 2009
Eola Capital lands Corporate Center 4 in Tampa; no terms disclosed.
Apartment Deals Getting More Complicated
Globe Street
September 28, 2009
Marcus & Millichap arranged the bulk sale of 199 condominium units at Allegro Palm in Riverview for nearly $6.3 million, or $31,400 per unit.
Regional HQ Coming to Sanford
Orlando Sentinel
September 30, 2009
Waste Pro USA of Longwood is moving more than 100 jobs to Sanford.
Waldorf Astoria, Hilton Orlando Open
Orlando Business Journal
October 2, 2009
Orlando officials welcomed the grand opening of the 497-room Waldorf Astoria Orlando and the 1,000-room Hilton Orlando Bonnet Creek.
Investor Survey: Multi-family Market Will Recover First
Orlando Sentinel
September 28, 2009
Orlando's multifamily real estate investment market is expected to recover sooner than the area's other commercial real estate sectors, according to a new survey. Also: other commercial real estate news.
Disney Gets on Board High-Speed Rail Proposal
Orlando Sentinel
October 2, 2009
The state has received an unexpected boost from Walt Disney World in its bid for $2.5 billion of federal money to build a high-speed train linking Orlando and Tampa. The company says it will support a stop at the Orange County Convention Center, as well as provide up to 50acres of free land for a station.
Hampton Inn in Altamonte Springs Sells for $10M
Orlando Business Journal
October 1, 2009
Marcus & Millichap brokers bring buyer and seller together; 210-room property changes hands.
College, City Break Ground on Facility at Cecil Field
Florida Times-Union
September 28, 2009
Development proceeds at the former U.S. Navy facility.
Jacksonville Pitches to Host Senior Bowl
Florida Times-Union
October 1, 2009
Annual post-season college all-star game would boost tourism sector, spending.
Jax Commuter Rail Would Be Costly
Florida Times-Union
September 28, 2009
According to a new report, a commuter rail system in Jacksonville would be used, but funding to operate system does not exist.
Majority Stake in SunTrust Building Sold
Florida Times-Union
September 30, 2009
An out-of-state investment group buys a 52 percent stake in the downtown office building at an undisclosed price.
Space Coast Sees First Round of Layoffs
Orlando Sentinel October 2, 2009
The first wave of what are expected to ultimately be thousands of layoffs starts today with 258 shuttle contractors losing their jobs in anticipation of the space shuttle's retirement next year.
Consumer Confidence Up in State, Down in U.S.
Jacksonville Business Journal
September 29, 2009
Floridians are a bit more confident in the economy, with the consumer confidence level up three points to 74 in September, according to a new University of Florida survey.
Signs Point to Recession’s Easing in Florida
Miami Herald
September 30, 2009
Statewide consumer confidence and a much-watched home price index posted a second consecutive month of improvement, offering additional evidence the grip of the recession is loosening.
Florida Second in Distressed Commercial Properties
Jacksonville Business Journal
September 24, 2009
Florida has the second-largest number of distressed commercial properties in the nation, according to a report by CoStar.
New FHA Rule Will Make it Harder to Obtain a Condo Loan
South Florida Sun-Sentinel
September 23, 2009
Advice columnist’s take on what an end to “spot approvals” means for the condo market.
Outlet Stores Defy Economic Gloom
St. Pete Times
September 21, 2009
Sales in U.S. outlet malls were $301 per square foot in 2008, little changed from $305 in 2007. Through the first half of 2009, sales are down only about 1 percent.
No Speedway Testing Again Next Year
Daytona Beach News-Journal
September 24, 2009
Hotels, businesses in Daytona were adversely affected by last year’s decision not to have NASCAR testing.
Cypress Gardens Closes Again
Lakeland Ledger
September 23, 2009
Tourist attraction in Winter Haven shuts down for the third time since 2003; future uncertain.
Recession Fuels Surge in College Enrollment
South Florida Sun-Sentinel
September 24, 2009
Across Florida, enrollment is up at 10 of 11 state universities. Student housing capacity may be under pressure.
Hotel Plans Coming
St. Pete Times
September 19, 2009
The Coral Reef Hotel on St. Pete Beach soon may be redeveloped as a $60 million, 12-story major hotel or timeshare resort.
City Restores Funding for Downtown Art Corridor
St. Pete Times
September 23, 2009
Zack Street to be transformed into “Avenue of the Arts” through various streetscape projects. Downtown boosters see the initiative as way to attract people to downtown businesses.
Deal Will Create Jobs in Pasco
St. Pete Times
September 21, 2009
A local company plans to add 1,000 jobs over the next five years, thanks to a $200 million trade agreement with China.
Tampa Bay Homes Sales Rise from Year-Ago Level
St. Pete Times
September 24, 2009
Local sales of existing homes rose 17 percent in August compared to the same month a year ago, but slackened unexpectedly from their relatively brisk pace in July, according to the FAR.
Planned South Terminal at OIA No Closer to Becoming Reality
Orlando Sentinel
September 20, 2009
Huge project may never be built. Two major slumps in the tourism economy have forced much of the delay and uncertainty.
Residents Struggling, and Leaving Florida
Orlando Sentinel
September 21, 2009
New census figures show that there's an exodus of people leaving Florida; Orlando particularly affected.
Local Hotels Finish a Bad Summer
Orlando Sentinel
September 22, 2009
This year's summer season was the worst on record for Orlando-area hotels, according to Smith Travel Research.
Orlando Home Prices Fall to Less than Statewide Median Price
Orlando Sentinel
September 24, 2009
According to the Florida Association of Realtors, velocity rose last month, but prices fell. A high percentage of distressed properties in the region has taken a toll.
Florida-Georgia Game to Remain in Jacksonville
Florida Times-Union
September 23, 2009
The annual game will be contested in Jacksonville through 2016; economic impact of event significant.
Distressed Sales Play Big Part in Real Estate Upswing
Florida Times-Union
September 22, 2009
A new report suggests that almost 50 percent were sales in which properties were sold for less than owners owed on their mortgages.
Local Economic Gauge Improves
Florida Times-Union
September 22, 2009
The index of leading economic indicators for the Jacksonville area rose last month to 102.43, following a 0.10-point rise in July, the University of North Florida’s Local Economic Indicators Project reported.
Southside Condos Sold
Jacksonville Business Journal
September 25, 2009
An out-of-town investment and property development group has bought the last 51 condominium units for sale at the Reserve at James Island on the Southside for $4.4 million. Marcus & Millichap was the broker for both the buyer and the seller on the deal.
Florida Economy Shows Signs of Stabilizing
St. Pete Times
September 19, 2009
Unemployment fell in August; construction sector adds jobs.
Long Climb Ahead for Florida Home Prices
St. Pete Times
September 23, 2009
Columnist discusses a recent report from Moody’s economy.com that predicts home prices in the state will not recover until 2030.
Metro Orlando Awaits Job Bonanza at Lake Nona
Orlando Sentinel
September 20, 2009
Big things expected, but the projects at the Lake Nona Medical City are running behind schedule.
Read more.
|
|
RSS Feed
Follow on Twitter