With last week’s failure by President Trump and House Speaker Paul Ryan to garner enough votes to pass legislation to repeal and replace the Affordable Care Act, both the White House and the GOP’s congressional leadership moved swiftly to shift the focus to tax reform. House Ways and Means chairman Kevin Brady (R-TX) said in
Universal filed a master-plan framework with few details. A sketch with the filing also shows three parking structures on the property, and indicates that Universal wants a portion of a street, Precision Drive, vacated. Tom Schroder, vice president for public relations at Universal Orlando, declined to provide more details Tuesday. Demolition work was to be
They did it again. On Wednesday, the Federal Reserve raised short-term interest rates by 25 basis points, the first in what many expect will be two more rate hikes this year. When the Fed last raised the rate in December, hotel industry analysts we spoke with did not express too much worry over its short- and
Target Corp. (NYSE: TGT) unveiled design elements for an updated store format that will serve as the basis for a multi-billion-dollar investment to convert 500 of the retailer’s existing stores and roll out 100 smaller-format stores over the next three years. The Minneapolis-based retailer said its first fully “reimagined” 124,000-square-foot store will open in the
Breaking ground on St. Cloud Commons, a 225,000-square-foot retail center located in Kissimmee, a city on the southern outskirts of Orlando. Situated on a 33-acre site near the intersection of the Florida Turnpike and U.S. Highway 192, the center is pre-leased to tenants such as Hobby Lobby, Outback Steakhouse and Panera Bread. Delivery is slated
A huge Northrop Grumman Corp. research-and-development office on the Space Coast has a new landlord — a real estate investment trust (REIT) that with this acquisition now owns two Central Florida properties. Cosa Mesa, Calif.-based Rich Uncles LLC’s related Rich Uncles NNN Operating Partnership LP spent $13.3 million, or about $123 per square foot, to
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