Orlando EDC Sees Growth, Despite Slump, As Two Life-Sci Anchors Plan ’09 Openings
The top life-science recruiter in the Orlando area said the industry will continue to grow within the region over the coming year, despite the current economic slump, thanks in part to two anchor research institutions set to open new facilities next year.
The apartment market, however, has welcomed a developer’s confidence in Orlando: McKinley Inc., a residential developer in Ann Arbor, Mich., with nearly $2 billion in assets told the Ann Arbor (Mich.) Business Journal it has begun shifting its focus to Central Florida.
Over the past 18 months, McKinley has snapped up distressed apartment buildings with a combined 2,840 units in the Interstate 4 corridor stretching from the Clearwater/Tampa area to Orlando. He said the company has acquisitions of another 345 units in the works.
