CORE Sells Shoppes of South Semoran in Orlando Retail Market
Acquired by CORE in 2020 for $18 million, Shoppes of South Semoran is strategically located at 4520 S. Semoran Blvd., in Orlando's airport-area retail corridor. The property is anchored by a Walmart Neighborhood Market and features a strong tenant mix including Dollar Tree, Cicis Pizza, Vicky's Bakery, and Suncoast Credit Union. Built in 1986 and 99% leased at the time of sale, the center has demonstrated stable performance and resilience in a competitive market.
The sale represents a substantial profit over their acquisition price, underscoring CORE's ability to execute value-add investment strategies in Florida's high-growth retail markets. Whitaker Leonhardt and Brad Peterson of Colliers facilitated the off-market transaction.
'This sale highlights the strength of CORE's investment approach and our ability to create value for our stakeholders,' said, Michael Lohmann, Principal. 'Shoppes of South Semoran has been a strong performer in our portfolio, and this transaction is a testament to the vitality of Orlando's retail market.'
CORE's Florida portfolio includes over 20 high-quality retail centers located across Florida major markets including Orlando, Miami, Jacksonville and Sarasota.
CORE, along with affiliates CPG Leasing & Management, is headquartered in Miami, and owns and operates retail value-add properties in major Florida markets targeting a long-term investment horizon.
For more information about CORE and its portfolio, please visit www.coreIPF.com
About CORE:
CORE is a private investor specializing in retail properties across Florida's primary MSA markets. Along with its four principals, the company owns and actively manages approximately 2 million square feet of assets throughout the state, with the largest concentration in Orlando. CORE focuses on experience-oriented properties with stable cash flow and significant growth potential through active management, leveraging its expertise and network to focus on high-quality retail value-add opportunities.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
10 minutes ago
- Business Wire
G42 Launches OpenAI GPT-OSS Globally on Core42's AI Cloud
ABU DHABI, United Arab Emirates--(BUSINESS WIRE)-- Core42, a G42 company specializing in sovereign cloud and AI infrastructure, announced the availability of OpenAI's latest open-weight AI models, including gpt-oss-20B and gpt-oss-120B, on the Core42 AI Cloud platform, instantly accessible through the Core42 Compass API. The deployment enables enterprises, researchers, and developers to run the models on a choice of leading silicon platforms with sovereign, scalable, and high-performance capabilities. Integrated into Compass API with the flexibility to access a wide spectrum of high-performance compute platforms, Core42 delivers industry-leading inference speeds of up to 3,000 tokens per second per user, enabling real-time AI at global scale while aligning workloads with the optimal infrastructure for price-performance and scalability. This deployment delivers tailored performance for low-latency inference workloads and applications, reinforcing Core42's commitment to secure and optimized global sovereign-enabled AI infrastructure. 'Core42 AI Cloud, powered by silicon-diverse infrastructure, delivers the flexibility and performance needed for today's AI workloads,' said Kiril Evtimov, CEO of Core42 and Group CTO, G42. 'Through the Compass API, organizations can access the latest open-weight AI models and choose the optimal platform to scale transformation, optimize performance and cost, and drive progress across global markets.' Key Benefits of Core42's Open-Weight Deployment: Enterprise-scale performance – Run the fastest, most demanding workloads at global scale, enabling advanced automation, decision-making, and real-time AI experiences. Sovereign-ready scalability – Deploy high-performance AI in-country with full sovereign controls, supporting secure operations in regulated sectors such as healthcare, finance, and national security. Optimized for committed environments – Deliver fast, scalable AI in-country with sovereign controls for organizations operating under committed infrastructure agreements, ensuring predictable cost and performance. Cost-efficient agentic AI – Run agentic workloads at the lowest possible cost while maintaining in-country deployment and sovereign controls, making advanced AI accessible to cost-sensitive use cases. Available now through Compass API, these models let organizations run and adapt AI locally or in the cloud, with full transparency, fine-tuning, and sovereign deployment options. Customers can align performance, cost, and compliance to their needs. This release marks a pivotal move toward enterprise AI autonomy. With open-weight access, businesses can shape AI to their unique needs and unlock new possibilities for innovation at scale. This announcement builds on G42's recent milestones, including the unveiling of a 5GW US-UAE AI campus and the launch of the 1GW Stargate UAE facility as Phase 1 of the project, as well as a $1.5 billion investment from Microsoft in 2024, reinforcing the UAE's role as a global AI hub. For more information, visit and About Core42 Core42, a G42 company, empowers individuals, enterprises, and nations to unlock the full potential of AI through its comprehensive enablement capabilities. As a leading provider of sovereign cloud, AI infrastructure, and services, our mission is to accelerate the achievements of others and help them reach their most ambitious goals. To learn more, please visit and follow Core42 LinkedIn, Core42 Instagram, Core42 X About G42 G42 is a global leader in creating visionary artificial intelligence capabilities for a better tomorrow. Born in Abu Dhabi and operating around the world, G42 champions AI as a powerful force for good. Its people are constantly reimagining what technology can do, applying advanced thinking and innovation to accelerate progress and tackle society's most pressing problems. G42 is joining forces with nations, corporations and individuals to create the infrastructure for tomorrow's world. From molecular biology to space exploration and everything in between, G42 realizes exponential possibilities, today. For further information visit Source: AETOSWire
Business Wire
10 minutes ago
- Business Wire
Aviation Capital Group Announces Record Second Quarter 2025 Financial Results
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Aviation Capital Group LLC ('ACG'), a premier global full-service aircraft asset manager, released its financial results for the second quarter of 2025. ACG's financial statements and investor presentation for the second quarter of 2025 are available on its website at 'ACG continued to deliver solid performance with record earnings in the first half of 2025 driven by robust operating lease revenue, profitable aircraft sales, and sizeable settlements on insurance claims related to our Russia exposure. We are in growth mode with $9.5 billion of aircraft commitments through 2031 combined with industry leading low leverage of 1.9x. We continue to optimize our business and fine-tune our strategy to take advantage of opportunities in this market,' said Tom Baker, Chief Executive Officer and President of ACG. Financial Results Total revenues of $612.5 million for the six months ended June 30, 2025, an increase of 4% over the same period last year Total pre-tax net income of $613.8 million for the six months ended June 30, 2025, including $506.4 million of insurance settlement proceeds Total pre-tax net income, excluding insurance proceeds, of $107.4 million for the six months ended June 30, 2025, an increase of 105% over the same period last year Recognized a net benefit of $506.4 million from the settlement of insurance claims related to our losses incurred from Russia exposure during the second quarter of 2025. An additional $38.4 million of insurance settlement proceeds will be recognized in the third quarter of 2025 Available liquidity of $5.8 billion as of June 30, 2025, an increase of $1.3 billion over March 31, 2025, positioning us to fund maturing debt, aircraft purchases, and future growth Net debt to equity ratio of 1.9x as of June 30, 2025, a reduction from 2.3x as of March 31, 2025, and well below our long-term target leverage of 2.5x Cash flow from operations of $277.4 million for the six months ended June 30, 2025 Deployed $1.6 billion of capital expenditures on purchases of aircraft assets in the first six months of 2025, with 31 additional aircraft acquisitions and deliveries expected during the second half of 2025 Strong sales pipeline, with $893.9 million of aircraft held for sale as of June 30, 2025 Portfolio Highlights Added ten new technology aircraft during the second quarter, comprised of eight Airbus A320neo family aircraft, one Airbus A330neo family aircraft and one Boeing 737 MAX aircraft, from a combination of OEM deliveries, sale-leasebacks and the secondary market Completed acquisition of the first three aircraft of a portfolio purchase from Avolon Aerospace Leasing Limited during the second quarter, with the remainder scheduled to close in 2025 Sold eight aircraft and three airframes for a net gain of $21.7 million during the second quarter, taking advantage of a strong market for used aircraft Weighted average age of our owned portfolio was 5.7 years as of June 30, 2025, down from 5.9 years as of March 31, 2025 Weighted average remaining lease term was 6.9 years as of June 30, 2025 Financing Activity Closed a $1.0 billion secured delayed draw term loan with a syndicate of lenders that matures in June 2027 and remained undrawn at quarter-end Increased the available capacity under our unsecured revolving line of credit with Tokyo Century to $1.5 billion Maintained significant unencumbered asset to unsecured debt coverage of 1.5x as of June 30, 2025 Notes Regarding Financial Information Presented in This Press Release The financial information presented in this press release is not audited. We reference certain metrics in this press release, as well as net debt to equity, which is a non-GAAP number. Net debt is our total outstanding debt less our cash and cash equivalents. Equity is our total equity as determined in accordance with GAAP. We believe this measure may further assist investors in their understanding of our performance. This measure should not be viewed in isolation and should only be used in conjunction with and as a supplement to our U.S. GAAP financial measures. Non-GAAP measures and metrics are not uniformly defined by all companies, including those in our industry, and so this additional information may not be comparable with similarly titled measures and metrics and disclosures by other companies. Please refer to our Q2 2025 Investor Presentation located at for additional information regarding certain metrics included in this announcement and a reconciliation of net debt to equity, a non-GAAP measure, to its most directly comparable GAAP financial measure. Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable federal securities laws. Any such statements, other than statements of historical fact, are based upon our current expectations and assumptions concerning future events, which are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Accordingly, such statements are not guarantees or assurances of any aspect of future performance. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise. About Aviation Capital Group Aviation Capital Group is one of the world's premier full-service aircraft asset managers with approximately 500 owned, managed and committed aircraft as of June 30, 2025, leased to roughly 90 airlines in approximately 50 countries. It specializes in commercial aircraft leasing and provides certain aircraft asset management services and aircraft financing solutions for third parties. It was founded in 1989 and is a wholly owned subsidiary of Tokyo Century Corporation. Follow ACG on LinkedIn, and for more information, visit
Eater
10 minutes ago
- Eater
Daily Provisions Makes Its D.C. Debut With All-Day Fare
is an Editorial Associate at Eater and a proud Washingtonian. She fell in love with food while growing up in Los Angeles, eating plenty of street tacos and Sichuan dishes. Daily Provisions, the cafe chain from NYC-based Union Square Hospitality Group, is making its D.C. debut this month. The fast-casual location will open in Dupont Circle's former Foxtrot storefront on Monday, August 18, at 9 a.m. (1601 Connecticut Ave NW). Going forward, Daily Provisions will serve straightforward, counter-service meals spanning breakfast, lunch, and dinner from 7 a.m. to 9 p.m. This newest outpost, the eleventh location so far, will sling a special egg and cheese breakfast sandwich that swaps out bacon for a half-smoke patty (made by MeatCrafters in Landover, Maryland) and crispy potatoes. The newer fast-casual chain from Danny Meyer — the billionaire restaurateur behind Shake Shack and high-end NYC restaurants like Eleven Madison Park — has a simple premise. He built the first small outpost next to his beloved Union Square Cafe to fulfill what he calls 'the three Bs': beans (as in coffee), bread, and bird, referring to simple chicken dishes and where to get your eggs in the morning. The breakfast menu is simple, but full of high quality ingredients. Daily Provisions The crullers have developed a dedicated NYC fanbase. Daily Provisions Living barely 50 yards from his own restaurant, Meyer struggled to find a good cappuccino and a simple rotisserie chicken for a quick dinner at home after a long day. That's when he realized that the neighborhood needed an easily accessible carry-out place with quality all-day food and drinks that wouldn't break the bank. Serendipitously, he already had the perfect space. Union Square Cafe had recently moved locations (due to a huge rent hike), and the new space came with a second, smaller restaurant next door, which had slowly become an additional kitchen to help feed the crowds dining at the full-service restaurant. Left with what Meyer calls 'a small box' on the more residential side of Park Avenue South, he dreamed up somewhere to pick up a bacon, egg, and cheese and coffee in the morning; a sandwich or salad for lunch; and a whole rotisserie chicken with vegetable sides for dinner. While Shake Shack sells hardy burgers, hot dogs, and milkshakes that evoke the nostalgia of diners, Daily Provisions would supply simple, delicious food that you could eat for every meal, every day, either at the few indoor tables or taken out. 'Shake Shack is a treat,' Meyer explains. 'Even the most ardent Shake Shack fan is probably not going to have a milkshake every day, maybe not even once a week … that level of frequency is a really important distinction.' This was before 'the delivery revolution,' as Meyers calls it, and when the pandemic hit Daily Provisions' business exploded, while all of his other restaurants were struggling or temporarily closed. Meyer had waited four years to open his second Upper West Side location of Daily Provisions in late 2019, and went on to open multiple locations across New York City after 2020. A half-smoke breakfast sandwich, cruller, and coffee. Daily Provisions With seven locations in the city, this year Meyer turned to the rest of the East Coast, opening a Daily Provisions in Jersey City, Boston's Harvard Square (plus a slated Seaport expansion), and the Dupont Circle corner spot that he chose specifically because it's on 'the more residential' northern side of the circle — unlike the Shake Shack sitting in the bustling business district a few blocks south. The food is still simple at the D.C. outpost. Breakfast includes famous crullers covered in cinnamon sugar, maple, or glaze (called the best doughnut in NYC by the Infatuation); egg and cheese sandwiches under $10 (unless you want the fillings between maple crullers); everything-seasoned croissants stuffed with cream cheese; yogurt and granola; and avocado toast. Coffee ranges from espresso to drip to cold brew, plus matcha or chai lattes. Lunch and dinner highlights include a 'cheffy' salad with white beans, Gruyere cheese, and a jammy egg; a breaded chicken sandwich filled with melted mozzarella, roasted peppers, and Caesar dressing; and even a heavier patty melt with caramelized onions on rye bread. The half or full roasted chickens rule the menu of mains, with optional sides like Brussels sprouts with chile honey, crispy Parmesan potatoes, and a green bean and tomato salad. Classic wines are on the drinks menu, along with a beer list filled with local D.C. breweries, like Honor Brewing, Crooked Run Fermentation, and Aslin Beer Company. The only cocktail on the menu? An espresso martini, of course. Sides range from crispy potatoes to seasonal vegetable salads. Daily Provisions You can carry out the fluffy bread the sandwiches are served on. Daily Provisions Simple salads filled with chicken or kale and sandwiches with tuna or chicken salad. Daily Provisions It's not all about the food (or even the reliable coffee) for Meyer, however. He has always put incredible service at the forefront of his hospitality ventures. Whether his staff is serving a $365 tasting menu or a $7 breakfast sandwich, his employees 'have to be someone who is happier when you're making someone else feel better,' he says. It's hard to hire for that level of hospitality, he explains. While he'd love to see more Daily Provision locations in the DMV in the future, Meyer referenced winning a tennis championship when he talked about possible expansion, saying, 'I better win the first round or I'm out … especially playing on someone else's court.' When Daily Provisions opens on August 18, the first 100 diners in line for coffee and breakfast sandwiches will receive a free cruller.
