New Biomedical Sciences Building for University of Florida
Orlando Sentinel reports: The University of Florida has dedicated its $90 million biomedical-sciences building, which was designed by HuntonBrady Architects of Orlando and Ellenzweig Associates of Cambridge, Mass.
Built in Gainesville, the 160,000-square- foot building will house researchers with UF's College of Medicine, College of Public Health and Health Professions, the Howard Hughes Medical Institute, and the College of Engineering's department of biomedical engineering and is one in a series of new UF health facilities to open along Archer Road in Gainesville.
However, retail lease rates and multi-family sale prices in Orlando continue to lag those in other markets, according to a first-quarter report by global commercial property research firm Real Capital Analytics.
The CRE research firm found that the average lease rate for mall space in Orlando was $118 a square foot in the first three months of the year, compared with $194 a year ago. Nationally, mall space fetched $166 a square foot, down from $202 a year earlier.
The average strip-center lease rate in Orlando was $100 a square foot, down from $230 in the first quarter of 2009. In comparison, the national lease rate for strip centers was $122 a square foot in the first quarter versus $165 a year earlier.
Garden-style apartment complexes in Orlando fetched $57,656 per unit in the first quarter compared with $68,115 a unit in the same period a year ago. Nationally, complexes sold in the first quarter for $67,779 a unit, versus $78,861 a year prior.
View the full article on Orlando Sentinel: New Biomedical Sciences Building for University of Florida
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