A Los Angeles-based firm paid $19.8 million for a shopping center near the University of Central Florida in Orlando. LBX Investments paid about $151 per square foot for the shopping center, called Alafaya Commons, near the intersection of Alafaya Trail and East Colonial Drive. Philip Block, managing partner of LBX, told the Orlando Business Journal that the firm expects to renovate the shopping center. Built in 1987, Alafaya Commons most recently was renovated in 2015. ... [more]