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Preview: Orlando Business News - Local Orlando News | The Orlando Business Journal

Orlando Business News - Local Orlando News | The Orlando Business Journal

View Breaking Local News Headlines in Orlando from the Orlando Business Journal. Access business resources, company profiles, business advice columns, local jobs and more.

Published: Fri, 28 Oct 2016 03:12:54 +0000

Copyright: American City Business Journals, Inc. and its licensors. All rights. reserved.

Orlando buyers ‘gobbling up inventory like it’s Halloween candy’

Thu, 27 Oct 2016 20:51:32 +0000

(image) Forget the Halloween ghouls and zombies, Orlando-area homebuyers are devouring inventory at quite an impressive rate, according to the latest report from The Orlando-Kissimmee-Sanford region continued to show signs of buyer demand last month, as the median list prices went up by 11 percent when compared to a year prior — and up 1 percent from the month prior, reported. In addition,10 percent fewer active listings are on the market in metro Orlando and homes are on the…

Florida: We're losing our film business to Georgia

Thu, 27 Oct 2016 20:27:07 +0000

(image) Florida got rid of its film tax incentive program earlier this year, and now it is losing business to Georgia, according to Deadline. “The industry here is one step away from dead,” said Fred Moyse, business manager of IATSE Local 477, which represents film crews in southern Florida, told the website. “We’ve lost a third of our members. It’s been devastating to the men and women who work in this industry, and crippling to the small businesses that support it.” The loss is affecting…

CenturyLink, Level 3 reportedly close to merging

Thu, 27 Oct 2016 20:13:59 +0000

(image) CenturyLink Inc. and Level 3 Communications Inc. are reported to be in the late stages of merger discussions. The Dow Jones news service broke news of the talks Thursday. A deal could be reached in coming weeks, the report said. Terms of a proposed Level 3 and CenturyLink merger aren’t known, making it unclear where the combined headquarters might be if a deal is reached. Both CenturyLink and Level 3 have a history of expanding by acquiring competitors. A combined Level 3 and CenturyLink would…

$47.9M warehouse/distribution center sale notches Central Florida milestone

Thu, 27 Oct 2016 19:03:59 +0000

(image) A huge Class A industrial complex near Orlando International Airport sold today for top dollar. An entity related to Los Angeles-based Colony Capital LLC spent $47.9 million — or a record $100 per square foot — to buy the three-building, 479,100-square-foot LeeVista Business Center warehouse and distribution center from Atlanta-based McDonald Development Co., Cushman & Wakefield announced on Oct. 27. Mike Davis, Michael Lerner and Rick Brugge of Cushman & Wakefield represented McDonald Development…

Check out Orlando’s top 25 restaurants

Thu, 27 Oct 2016 18:48:04 +0000

(image) If discussing business while eating good food with a client helps seal a deal, then you may want to check out these places for your next meeting. Here, we compiled a list of the top 25 restaurants in Orlando, based on customer reviews from Yelp (NYSE: YELP). Nowadays, customers don't just wander into a restaurant hoping the food is great — they check out reviews first to know what they're getting themselves into. And with the growth of social media and site such as Yelp, building up a a reputation…

First look: Brownierie Café, Winter Park’s new upscale sweet shop

Thu, 27 Oct 2016 18:19:15 +0000

(image) A popular Brazilian high-end bakery is cooking up U.S. expansion plans — starting with a grand opening in Winter Park in the first week of December. Brownierie Café — the American rendition of Brazil’s Brownieria — is getting ready to open its nearly 1,200-square-foot, 10-seat Brownierie Café in the $30 million Lakeside Crossing shopping center on U.S. Highway 17-92. The restaurant specializes in brownie-focused desserts and beverages, but also serves sandwiches, quiche and more. The…

Orlando bids farewell as powersports expo rides out of town

Thu, 27 Oct 2016 17:40:50 +0000

(image) After 4 years of hosting an international roster of two-wheeled titans, Orlando must bid a fond farewell to the American International Motorcycle Expo. What began as a three-year commitment to Orange County Convention Center was extended to a four-year destination, bringing with it the attendance of international industry leaders, millions of dollars in economic impact and a spotlight on Orlando's $60 billion tourism industry. Features like an outdoor test ride course, new model unveils and two…

States with the strongest job growth under Obama are leaning toward Trump

Thu, 27 Oct 2016 17:11:03 +0000

(image) The U.S. states that have enjoyed the strongest job growth under the Democratic administration of Barack Obama are North Dakota, Utah and Texas. But all three are likely to support Republican presidential nominee Donald Trump on Nov. 8. North Dakota holds first place in new job-growth rankings from American City Business Journals, based on its 23.9 percent increase in private-sector employment since Obama assumed the presidency nearly eight years ago. Related content: Scroll down for a sortable…

Target's holiday toy exclusives: Super heroes and doomed pioneers

Thu, 27 Oct 2016 16:23:55 +0000

(image) Target Corp. is boosting the number of exclusive items for sale this year to keep customers from straying to online rivals. The features a slideshow of some of the Minneapolis-based retailer's estimated 1,800 exclusive toys it's lined up this year, part of Target's 2016 holiday strategy that it unveiled this week. Among the toys: Plenty of Star Wars-themed items, tied into the release of "Rogue One: A Star Wars Story" later this year. There's also an exclusive Wonder Woman toy linked…

Exclusive: iSquare developer updates construction costs, bid info, new look

Thu, 27 Oct 2016 15:50:57 +0000

(image) The iSquare Mall + Hotel project by The Blackmine Group is still in play and even has lowered its overall construction costs to previous estimates. That's what project developer Abdul Mathin told Orlando Business Journal about the proposed 1.6 million-square-foot project that's designed to have a 23-story building with 539 hotel rooms divided into two towers— a Capella Suites and Solis Orlando Hotel — more than 434,800 square feet of upscale mall, restaurant, meeting room and office space, as…