Broker Sees Signs of Economic UpturnORLANDO, Fla. --- Grubb & EllisCommercial Florida has closed on the sale of a three-acre commercial/mixed use land parcel at 100 W. Livingston St. in downtown Orlando for $7 million.
(The price equates to $2.3 million per acre or about $53.56 per square foot)
David G. Calcanis, (top right photo) vice president of the Land Group at Grubb & EllisCommercial Florida, negotiated the transaction on behalf of the seller, Orlando Land Trust, LLC of Aventura. Jain West Livingston, LLC of Orlando was the buyer.
David G. Calcanis, (top right photo) vice president of the Land Group at Grubb & EllisCommercial Florida, negotiated the transaction on behalf of the seller, Orlando Land Trust, LLC of Aventura. Jain West Livingston, LLC of Orlando was the buyer.
Jeffrey Sweeney, (middle left photo) SIOR, managing director of Grubb & EllisCommercial Florida, associated with 200 Grubb & Ellis offices worldwide, said Calcanis, who joined the firm in 2004, ranks as the leading land broker at Grubb & EllisCommercial Florida for 2008. His recent sales besides the Livingston Avenue parcel include a 5.6 acre parcel on N. Orange Ave. across from the Orange County Courthouse facility.
Altogether, the value of Calcanis’ transactions last year totaled more than $25 million.
“Bargain basement prices are beginning to attract more buyers and we see recent interest in land acquisitions as a major sign that economic conditions are beginning to improve,” said Calcanis.
Altogether, the value of Calcanis’ transactions last year totaled more than $25 million.
“Bargain basement prices are beginning to attract more buyers and we see recent interest in land acquisitions as a major sign that economic conditions are beginning to improve,” said Calcanis.
Contact: Larry Vershel or Beth Payan, Vershel Communications, 407 644 4142.
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