Regions Southeast | Orlando
RIDA Development Buys Orlando Site
May 5, 2008

RIDA Development Corp. has acquired the 5.62-acre downtown Plaza site at 400 N. Orange Avenue, a city block bordered by Orange Avenue, Amelia Street, Livingston Street and the Linx bus station at the I-4 Amelia St. Exit in Orlando, Fla. The seller was Downtown Plaza L.L.C. The acquisition brings the company’s investments in Central Florida up approaching $1 billion.  RIDA Development plans to invest up to $250 million to develop a mixed-use hotel, retail and office project on the site.

 
Recent Orlando Headlines
Parkway Properties Forms $750M Discretionary Fund with Teacher Retirement System
May 16, 2008
Parkway Properties Inc.  has signed limited partnership agreement forming Parkway Properties Office Fund II L.P.,  a $750 million discretionary fund with the Teacher Retirement System of Texas, for the purpose of acquiring high-quality multi-tenant office properties.
Group of 31 Condos Snapped Up at Palm Coast Resort
May 16, 2008
Commercial Alliance Group has purchased from Centex Homes 31 condominium units that never sold in the Palm Coast Resort's 72-unit Waterways South building just outside of Orlando.
Prime Retail to Debut $300M Expansion of Orlando Shopping Center
May 14, 2008
The former Prime Outlets Orlando will emerge from its $300 million makeover as the 778,000-square-foot Prime Outlets International Orlando next week. Owner Prime Retail upgraded and expanded the property, which now holds the distinction of being the largest outlet center in the southern region and the biggest in the nation.
American Systems Signs Five-Year Lease at New 75,000SF Flex-Tech Building
May 13, 2008
A new business will join the tenant roster at Challenger South, Phase II, now that American Systems Corp. has committed to occupying nearly 6,400 square feet of space at the 75,000-square-foot flex/tech facility in Orlando's Central Florida Research Park.
Barnes & Noble Opens Newest Central Florida Store
May 12, 2008 - Source: Orlando Business Journal
Located at Winter Garden Village at Fowler Groves, the store will stock nearly 200,000 books, music, DVDs, and magazines.