Business

Foreign investors boost Orlando housing market

Brazilian investor Alex Carneiro knows Florida home prices are up and currency exchange rates favor the dollar — yet he still bought two houses in Orlando this year. Despite this year’s Brexit uncertainties, federal immigration concerns and lucrative stock market earnings, Carneiro and other international investors drove more than $2 billion of residential sales in Metro Orlando during a recent …

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Wal-Mart says it’s preordered 15 of Tesla’s new electric tractor trailers

Wal-Mart is planning to test Tesla‘s electric tractor trailers and has already preordered 15, the retailer told CNBC on Friday. Five of the preordered vehicles will be for Wal-Mart U.S., and 10 will be for Wal-Mart Canada, the company said. Wal-Mart planning to test new Tesla semi trucks from CNBC. “We have a long history of testing new technology – including alternative-fuel …

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Tavistock announces new performance resort planned for Lake Nona, featuring a Crystal Lagoon

Tavistock Development Company, a diversified real estate firm owned by Tavistock Group, today announced details surrounding an iconic performance resort and spa at its master-planned Lake Nona community in Orlando, Fla. Arquitectonica, a leading Miami-based architecture firm, is designing the Lake Nona Resort, which is planned to break ground in 2018 with an opening date set for 2020. Located along …

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Drive Shack follows Topgolf into area with January debut

A second golf-entertainment center Drive Shack is teeing up to open in Central Florida, just months after Topgolf. Drive Shake has pegged January to open its 66,000-square-foot, three-story golf, restaurant and meeting center in the Lake Nona District, said Sara Yakin, the company’s chief operating officer. The Lake Nona complex will be the debut location for the New York City-based company, which …

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Water sports park planned for Lake Nona

A new water sports park is being planned for Orlando’s Lake Nona development, the Tavistock Group said Monday. (Photo via Tavistock Development Co.) Nona Adventure Park will feature a solar-powered water ski and wakeboard cable park, an inflatable aqua park, a climbing tower with a ropes course and climbing walls, the Bahamas-based private investment organization said.   Company officials said …

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MetroPlan to Amazon HQ2: We are open to changing priorities to meet your needs

It looks like the Central Florida region’s transit systems may get a speedy timeline for their ongoing project completions if Amazon’s second headquarters is built here. MetroPlan Orlando, the metropolitan planning organization for Seminole, Orange and Osceola counties, submitted a letter to the Amazon.com Inc. (NYSE: AMZN) HQ2 site selection team stating how it will work with the e-commerce giant in its transportation …

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Citigroup, Twitter, Lyft: Prince’s Arrest Touches Many

With the arrest of Prince Alwaleed bin Talal, the prominent billionaire investor, Saudi Arabia has touched one of the richest and most influential investors in the world. Among Prince Alwaleed’s crown jewels: sizable stakes in Twitter, Lyft and Citigroup. He has gone into business with some of the corporate world’s biggest titans, including Bill Gates, Rupert Murdoch and Michael Bloomberg. His investments …

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Japanese Company Offers Extra Days Off to Workers Who Don’t Smoke

Over the summer, employees at a Japanese marketing firm noticed that not all of their colleagues were working the same number of hours. About one-third of the people at the company, Piala, were smokers and stepped away from their desks during the day for cigarette breaks. Despite the time the smokers were away from work, everyone left the office for …

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Former Trump campaign chair Paul Manafort and aide Rick Gates charged with conspiracy, money laundering

Former Trump campaign chair Paul Manafort and aide Rick Gates charged with conspiracy. Special counsel Robert Mueller on Monday filed criminal charges against two senior aides to President Trump’s 2016 campaign and revealed that a third had already pleaded guilty – the first prosecutions in the federal investigation into Russian interference in the presidential election. In one case unsealed Monday, a federal …

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Why private equity is getting into growing marijuana and what it means for RE

A new private equity fund specializing in marijuana business is actively seeking investors and property in Los Angeles, Las Vegas and Midtown Manhattan. (Photo Credit: LinkedIn, front; Pixabay, back) Officially known as MedMen, the fund is making waves thanks to its co-chairman Chris Leavy, former chief investment officer of fundamental equities at BlackRock. MedMen’s goal for Opportunity Fund II is …

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