Hundreds of homes will be built near Lake Howell

A residential community with 250 town homes and 458 singlefamily houses is slated for Howell Branch Road in south Seminole County.

bought more than 200 acres on Howell Branch Road and east of Semoran Boulevard to develop a community called Hawk’s Crest. The purchase price was about $40 million, property records show.

New homes will have 1,600 to 5,200 square feet with three to six bedrooms. Prices are expected to range from $260,000 to $635,000 with sales starting in late 2018 and closings planned for early 2019, according to the company.

The latest in a series of Maitland office sales was New Yorkbased sale of the local headquarters for Progressive Insurance at 901 N. Lake Destiny Drive to a Vancouver company for $14 million. Located at 901 N. Lake Destiny Drive, the building has 158,654 square feet.

Ron Rogg and Chip Wooten represented the seller.

purchased Lake Tivoli Apartments, with 384 units at 851 Lake Tivoli Blvd., Kissimmee, from a group managed by Anup Vasisht for $49.5 million, records show. The property was 97 percent leased with 36 two-story buildings and amenities including lakeside deck, pool, tennis, racquetball, basketball, clubhouse, fitness center, spa and private garages. CBRE’s Shelton Granade, Luke Wickham, and Justin Basquill represented the seller. Vista area. The real estate investment firm purchasing the residential property specializes in repositioning condominium projects “fractured” with renters and owners, including owner occupants. Berkadia South Florida Managing Director Christopher Apone and Senior Managing Director Charles Foschini, arranged the three-year, floating-rate loan. Built in 2003, Discovery Palms is on International Drive.

The Seminole County School Board selected

for architectural and engineering design services on the renovation of Pine Crest Elementary School in Sanford. Following some demolition, plans call for increasing capacity from 732 students to 837 students with two remodeled classrooms and 90,000 square feet of new construction.

High-end boat detailer/painter leased 2,100 square feet at Benson Junction CommerCenter, at Benson Junction and Shells Road in DeBary. Broker Sean DuPree represented the landlord. Also at the center, DuPree signed tenants

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