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Happy Sellers and Buyers,and Customers

As a Real Estate  for over 28 years, my ultimate goal is to let my experience and knowledge help my customers realize their goal, which is to sell or buy there home.  Do I get asked how  I differ from all the other agent’s out there? Well, the answer is my experience and my past record does speak for itself not only in what I do but how I do it! Most agents will do the minimum marketing to save a dollar in their pockets and never think “out of the Box”. My team is taught to always find new ways to get every unique customer’s home out to the largest population of potential buyers and sellers by concentrating not on the cost but to find the qualified buyers and sellers. All agents will do the general work as to put you in MLS (Multiple Listing Service} and send out postcards but what else do they generally do? Well if your working with our team you not only get the Standard marketing you get Worldwide Marketing with over 86 different websites as well as we as a team call your neighbors and our database of over 14,000 people to let them know you have placed your home on the market or you are looking for a particular home. In short, we always go above and beyond to help our customers not only get what they want but to save as much money as possible in the process and make everything very smooth all the way through closing.

https://youtu.be/aZ7Dc9cMHGU

 

Orlando should be a bigger player in esports game market

esports

may want to take a deeper dive into competitive video game tournaments, a spectator sport that’s drawing more fans than some pro teams.

Esports already surpassed both Major League Baseball and National Hockey League viewership. And by 2022, it may be on par with the National Football League, with more than 300 million viewers worldwide, an April report by New York-based investment firm Goldman Sachs Inc. (NYSE: GS) and Amsterdam-based market research firm NewZoo LLC showed.

That growth is helping the industry boom. Last year, esports’ global revenue was $655 million. It’s projected to hit $906 million by year’s end and $1.6 million by 2021.

On the home front, Orlando last year hosted its first Call of Duty World League Championship — considered the Super Bowl of video game events — at the Amway Center. The event attracted thousands of attendees and showed off Orlando as a viable place for future esports tournaments, said Central Sports Commission CEO Jason Siegel.

Esports events also can be a springboard for Redwood City, Calif.-based video game-making giant Electronic Arts Inc. (Nasdaq: EA).

The firm saw huge engagement and growth in its Madden League — based on the franchise Madden series that’s produced at its Orlando studio, EA CEO Andrew Wilson said during the firm’s fiscal fourth-quarter 2018 earnings call in May. “We have an entire competitive gaming group pushing to grow that and really think about its ongoing evolution.”

  • 2016: 160M, 121M
  • 2017: 192M, 143M
  • 2018: 215M, 165M
  • 2021: 307M, 250M

A breakdown of 2018 enthusiasts by country

  • Asia-Pacific: 53%
  • European Union: 18%
  • North America: 15%
  • Rest of the world: 14%

By the numbers

  • $137.9B
  • 2018 total spending worldwide
  • 28%
  • Percentage of consumer spending on games from China
  • $70.3B
  • The estimated amount of mobile games will generate in 2018

Global games market forecast per segment toward 2021

(listed by year for smartphones, tablets, consoles, browser PCs, boxed/downloaded PCs)

  • 2017: 36%, 10%, 27%, 4%, 23%; $121B total
  • 2018: 41%, 10% 25%, 3%, 21%; $137B total
  • 2019: 44%, 10%, 24%, 2%, 20%; $151B total
  • 2020: 47%, 10%, 22%, 2%, 19%; $165B total
  • 2021: 49%, 10%, 22%, 1%, 18%; $180B total

Core Logic report of Homes Sales Statistics

 

 

The CoreLogic Home Price Insights report features an interactive view of our home price analysis through May 2018 with Forecasts from June 2018 including live maps.

CoreLogic HPI™ is designed to provide an early indication of home price trends. The indexes are fully revised with each release and employ techniques to signal turning points sooner.

CoreLogic HPI Forecasts™ (with a thirty-year forecast horizon), project CoreLogic HPI levels for two tiers—Single-Family Combined (both Attached and Detached) and Single-Family Combined excluding distressed sales.

The report is published monthly with coverage at the national, state and Core Based Statistical Area (CBSA)/Metro level and includes home price indices (including distressed sale); home price forecast and market condition indicators. The data incorporates more than 40 years of repeat-sales transactions for analyzing home price trends.

https://www.corelogic.com/insights-download/corelogic-home-price-insights.aspx

May 2018 National Home Prices

Home prices nationwide, including distressed sales, increased year over year by 7.1 percent in May 2018 compared with May 2017 and increased month over month by 1.1 percent in May 2018 compared with April 2018 (revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results).

 

Forecast Prices Nationally

The CoreLogic HPI Forecast indicates that home prices will increase by 5.1 percent on a year-over-year basis from May 2018 to May 2019, and on month-over-month basis home prices are expected to be up 0.3 percent from May 2018 to June 2018.

The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.

UCF-HCA joint venture secure more land for Lake Nona teaching hospital

 

is putting more property into play for a new teaching hospital it’s building with Hospital Corp. of America in ‘s .

The UCF Board of Trustees on June 20 approved assigning UCF’s option to buy an 11.4-acre site on Lake Nona Boulevard — which is adjacent the 25-acre parcel already set aside for the UCF Lake Nona Medical Center teaching hospital — to Central Health Services, a joint venture between UCF and Nashville, Tenn.-based HCA (NYSE: HCA). The option, which is set to expire on June 25, would allow completion of the planned hospital campus and facilitate future growth, documents showed.

Central Florida Health Services would buy that parcel for about $6.8 million, or $600,000 per acre, from Development Co. LLC’s related Lake Nona Land Co., documents showed. The land is now appraised at about $10.4 million, according to Orange County records.

The purchase is expected to close by the end of June.

“We are thankful to the trustees for giving us this opportunity to acquire more land for the UCF Lake Nona Medical Center. The approval provides space for a growing hospital – and more equity for UCF,” UCF College of Medicine Dean Dr. Deborah German told  Journal in an emailed response. “We are eager to open this university hospital for our community, patients, physicians, researchers, and learners.”

The first phase of on the 100-bed UCF Lake Nona Medical Center is set to start on Oct. 25, and the property will open in 2020 next to the UCF Health Sciences Campus, between the UCF College of Medicine and Sanford Burnham Prebys Medical Discovery Institute at Lake Nona. UCF plans to take over the Sanford Burnham’s assets once the institute vacates the property.

The university also is considering relocating its nursing college to Medical City.

Meanwhile, the new UCF Lake Nona Medical Center will help fulfill German’s goal of creating an environment that includes a great hospital affiliated with a top-notch medical school. The hospital will be a living/learning lab for training medical, nursing, physical therapy, pharmacy and social work students in teamwork skills and communication.

“If you’re sick and have exhausted all the treatments of your local hospital, where do you go for the next level of care? Many people say Harvard, Johns Hopkins, Stanford, Cleveland Clinic. All of those are teaching hospitals,” German previously said.

The UCF Lake Nona Medical Center also will address a serious statewide lack of doctors. The Teaching Hospital Council of Florida and the Safety Net Hospital Alliance of Florida forecast that the state will have a shortage of 7,000 physician specialists by 2025. UCF started building residency programs a few years ago to address the shortage and now has 255 slots and expects to have more than 560 by 2020 through the partnership with HCA, German has said.

Orlando Health snags Lake Nona-area land for expansion

 Updated 

Orlando Health — a $3.8 billion nonprofit health care organization with nine area hospitals — has grabbed more property, this time in the area.

Health closed on the purchase of 15.13 acres of vacant land today, June 18, for roughly $9.9 million at the northeast corner of Dowden Road and Randal Park Boulevard.

The property was bought from Randal Park Investors LLC, which is developing a $25 million grocery-anchored shopping center on the northwest corner of State Road 417 and Dowden Road. Randal Park Investors— a joint venture between Winter Park-based BluRock Commercial Real Estate LLC and Orlando-based Intram Investments Inc.— bought the property from Colonial Properties Services Inc. in February for $3.5 million, county records showed.

Orlando Health said the new property will allow it to expand its services in the southeast Orlando area, but didn’t specify the exact use, but it could be to create a freestanding emergency room or more outpatient services.

Its competitor, Florida Hospital’s parent company, Adventist Health System/Sunbelt, also has a major interest in the growing Lake Nona market as it has a 67.24-acre site it bought in 2016 and another 15 acres it recently bought on Narcoossee Road on the north and south sides of Lake Nona Boulevard. likely will start with physicians and outpatient services, then add emergency services and eventually a hospital as the population grows, Hospital President Daryl Tol previously told Orlando Journal.

This purchase is one of several lands grabs Orlando Health has made in the past months. The nonprofit earlier announced plans to buy property in downtown Orlando and a new medical office building in Oviedo. Orlando Health also has been rumored to be under contract to purchase 51 acres in Apopka, which would be a new market for the healthcare system.

Tavistock buys 1,000-plus acres of Orlando airport land for $64M

Lake Nona is expanding its boundaries south of and it now owns the land it needs.

Lake Nona developer  Development Co. LLC’s related entity TDCP LLC spent $63.9 million, or roughly $55,700 per acre, on May 10 for nearly 1,147 acres south of International Airport from the Greater Orlando Aviation Authority and the city of Orlando, Orange County records showed.

The three different parcels, two in Orange County and one in Osceola County along Narcoossee and Boggy Creek roads, will be used by Tavistock to develop a portion of a mixed-use project west of Narcoossee Road, north and east of Boggy Creek Road near the Orlando VA Medical Center, Tavistock spokeswoman Jessi Blakley told Orlando Business Journal.

The project, known as the Poitras planned development, includes:

  • 2,973
  • 100,000 square feet of commercial use
  • A school on 25 acres

Tavistock previously sought approval from the city earlier this month to rezone the property as a planned development with aircraft noise.

The 11,000-acre Lake Nona already has billions of dollars worth of underway and there’s even more growth ahead. See the photo gallery above for a sampling of Lake Nona projects in the works, and read more from OBJ‘s Doing Business in Lake Nona event from earlier this month.

UCF plans to move its Research Park nursing school

 

The University of Central Florida’s College of Nursing has outgrown its current location in Research Park and the school wants to build it a new home in .

faculty members are seeking approval on May 24 for a concept that will lead to a potential operating lease arrangement for a future Health Sciences and College of Nursing building near the existing College of Medicine.

The change is part of UCF’s plan to create several new colleges by July 2, including an Academic Health Sciences Center and the College of Health Professions & Sciences at Lake Nona, which eventually will include the College of Medicine and the College of Nursing. The goal is to help better organize the campuses to connect students with employers from industries in which they are earning degrees.

A presentation submitted by UCF College of Medicine Dean Dr. Deborah German and UCF College of Nursing Dean Mary Lou Sole says the UCF Real Estate Foundation will sell one of 50 acres of Lake Nona gift land to Alter+Care at fair market value for the project. Alter+Care is an existing partner with UCF that develops and finances health care, educational and outpatient facilities.

The proposed plans say Alter+Care would provide an operating lease for a Health Sciences and College of Nursing building adjacent the College of Medicine.

Alter+Care would design, build and finance a 150,000-square-foot building, with 90,000 square feet for College of Nursing and 60,000 square feet reserved for expansion and future Academic Health Sciences Center use, documents showed.

In exchange, UCF would offer a 25-year lease with renewal options for $17 per square foot, or $2.6 million. UCF will maintain the building, which the university estimated will have $1.5 million in operating expenses.

If the UCF Board of Trustees approves the plans, the next step is for Alter+Care to create schematic drawings of the building and develop the final terms of the operating lease.

  • Develop of schematic drawings and complete due diligence: June-October 2018
  • Finalize operating lease terms: October-December 2018
  • to start: January-June 2020
  • Targeted opening date: Spring semester 2022

The College of Nursing has nearly 3,000 students across three campuses, and colleges are being encouraged to produce even more as the state expects a shortage of 50,000 registered nurses by 2025, according to UCF.

The new college building would join the nearby UCF and Hospital Corp. of America’s (NYSE: HCA) 100-bed teaching hospital, which will be built in Lake Nona and open in 2020.

It also would pair nicely with the existing Sanford Burnham Prebys Medical Discovery Institute’s Lake Nona facility, whose assets UCF is seeking to take over and turn into a cancer research center.

“A campus containing all of UCF’s health-related programs will move one step closer to becoming a global destination for education, research and patient care — the Johns Hopkins of the future, only better,” German previously said regarding UCF’s plans to establish an Academic Health Sciences Center in Lake Nona.

The Impact of Supply Shortage on Luxury Housing

 

 

 

The supply shortage of is not limited to the median home only. The first quarter of 2018 saw the also feeling the heat of inventory shortage as prices for high-end homes saw the strongest appreciation in four years, according to a report on the luxury housing market by Redfin.

This quarterly report tracks home sales in more than 1000 cities across the country and defines a home as a luxury property if it is among the top 5 percent most expensive homes sold in the city during the quarter.

Prices for luxury homes rose nearly 8 percent to an average of $1.8 million during the quarter, Redfin found. However, this did nothing for sales of these homes which fell 20 percent marking four consecutive quarters of declining sales in this segment of the housing market.

“For the first time since changes to the tax code went into effect, luxury buyers could no longer deduct more than $10,000 in state and local property taxes or interest for mortgages over $750,000,” said Nela Richardson, Chief Economist at Redfin. “In a world of balanced supply and demand, these changes would have dampened price growth. Instead, this quarter saw the strongest luxury price appreciation in four years, demonstrating that the current inventory crunch is extremely broad-based and affects buyers at every price range.”

The inventory shortage is also escalating competition for luxury homes. The report indicated the average luxury home that sold last quarter went under contract after 82 days on the market, nine days faster than the same period last year. While only 1.5 percent of luxury homes were bid up over the asking price, that’s up from 1.3 percent in the first quarter of 2017.

In terms of regions, Florida and Nevada saw strong growth in prices of luxury homes with average sale prices in Vero Beach increasing 68 percent to $2.65 million over last year while those in Reno going up 51.3 percent. On the other hand, some cities known for their luxury homes actually saw a decline in prices.

Homes in Long Beach, California led this group of cities with prices falling 26.1 percent year-over-year in the first quarter. Prices in Washington, D.C. also saw a decline of 9.6 percent as did Fort Lauderdale, which saw prices falling 7.3 percent.

KPMG’s new $430M Lake Nona training complex

 

 

 

New York-based KPMG LLP, one of the world’s Big 4 accounting firms, will implement lots of useful technology for its employees at its new $430 million,  55-acre training facility in Lake Nona that will feature 800 guest rooms for the thousands of out-of-town employees who will come to town each year.

For example, one aspect will be technology that can guide visiting employees to their rooms at the new KPMG Training & Innovation Facility at 9313 Blvd., which is set for completion in 2019. It’s important to make it simple for people to navigate through the center, as it will generate about 48,000 annual visits to with roughly 1,000 passengers flying in and out of the Orlando International Airport each week. “It’s an 800,000-square-foot facility — you’re going to need to know where to go,” said Bill Flemming, KPMG’s managing director and head of management, during the 2018 State of Lake Nona Real Estate event on May 9. “We will use beacon wayfinding so you will be tracked via your cell phone to know where you are and direct you to know where to go in the building.”

The Orlando International Airport also uses beacon wayfinding to help travelers find restaurants and terminals.

The technology will take the KPMG experience a step further by preparing the guest’s room before they enter. “When you step off the plane at the airport, your iPhone will direct you to your room, and as you get closer to the facility, the phone will turn on [connection to] the room to get the climate control, the TV station you want— it gets the room ready for your specifications,” Flemming said.

He noted that this technology along with special amenities at the campus will help lure in top talent. “Part of the reason we are building this facility is that there’s a fight for talent out there. We have to have a cutting-edge building that attracts people and says ‘this company reflects training, innovation, and state-of-the-art design,’ ” he said. “We have amenities that make it a holistic experience. Not only do you come in for training, but we also want people to be relaxed and understand teamwork dynamics.”

For example, there’s going to be a social venue with a restaurant, a bar, and outdoor and indoor recreation facilities, as well as relaxation rooms.

Site grading for the facility began last year. Flemming said the team has been working through design plans over the year, and to speed up the construction timeline for the project, KPMG is prefabricating 800 restrooms, which will simply slide into the building. The firm also is prefabricating the exterior walls in an offsite warehouse.

Once the training center is open, it’s expected to create an enormous economic impact by bringing thousands of employees into the market and creating at least 80 high-wage jobs at the facility. Lynne Doughtie, CEO and U.S. chairman of KPMG, previously told Orlando Journal that KPMG is expecting to create 250 jobs in the next couple of years.

USTA National Campus to expand

The U.S. Tennis Association National Campus revealed that it wants to score more land for a future expansion to its 64-acre Lake Nona campus.

The $100 million campus, the largest tennis training center in the nation, wants to acquire adjacent land from developer Tavistock Development Co. LLC, Kurt Kamperman, the ‘s chief executive for community tennis and the campus, told  Business Journal during the Orange County Property Appraiser’s 2018 State of event on May 9.

was not immediately available for comment.

Kamperman said he’s talking with Tavistock about “trading a few pieces of land” for the expansion and that the newly acquired land would be within 100 yards or so of the existing USTA campus. “We’re working with Tavistock to find some adjacent land that would give us the opportunity to build a small stadium court for events and possibly have additional indoor courts.”

The reason behind the need for more indoor courts is basic: During the rainy season in July and August, the organization has only six indoor courts for people to use, Kamperman said.

Meanwhile, adding a small stadium court/amphitheater will allow the USTA campus to accommodate larger tennis events. “We would like the ability to host the Davis Cup or Fed Cup and the ability to host smaller professional events,” Kamperman said. “It’s not a set plan, but we would like to have that opportunity down the road.”

The campus currently has 100 tennis courts ranging from green clay to hard, acrylic cushion courts, indoor courts and European Terre Davis red clay. It also incorporates smart technology, allowing the players to record and review their movements, mistakes, and training.