Investors: We’re Ready to Spend on CRE

Investors expect to pour money into commercial real estate this year, according to CBRE’s “Global Investor Intention Survey 2017.” “The sum total of planned capital expenditure by investors is $1.7 trillion,” the report finds. “Investors will not be able to deploy all of this capital, but the figure illustrates the potential capital available for real

Universal Orlando has filed documents with the city showing that its former Wet ‘n Wild property will be developed for new hotel use, with 4,000 rooms.

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