The principals of CREC sold a renovated office building in the Orlando area for $10 million, more than double the price the company paid for the property five years ago. The three-story office building had a 47 percent occupancy rate when CREC acquired it in 2013 for $4.3 million. CREC then renovated the property and drove the occupancy rate to 97 percent. Merrill Lynch, Valley National Bank and Hylant Insurance are the biggest tenants. The ... [more]