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PALM BEACH COUNTY, FL-A recent survey of 196 centers with 50,000 sf or more shows the vacancy rate of the area's centers is down to approximately 5.2%, despite the addition of about 1.3 million sf of new shopping center space in the last three years. Also, the average asking rent for Palm Beach County centers rose 27.5% from $15.72 in 2001 to $20.04 per sf today.
MIAMI-One of the two condominium projects is planned for 43 stories in the prestigious Brickell area, while the other is planned for Mercy Hospital property, which Ocean Land Equities has signed an agreement to buy for $96 million.
CORAL GABLES, FL-Plaza San Remo, being developed here, consists of 100,000 sf on seven stories. Condos range from 1,200 sf to 20,000 sf and went for about $350,000 to $6 million total.
NAPLES, FL-In separate transactions, JP Morgan Investment Management Inc. of New York paid $42.9 million for the Reserve at Naples, a 300-unit property here, while BF Group LLC of Miami paid $28 million for the 293-unit Coral Club in Coral Springs.
FORT MYERS, FL-The BF Group, based in Miami, purchased the Majorca Apartments here from International Capital Corp. of Chicago for about $100,806 per unit. The new owner is planning to convert the five-year-old property into condos in its first conversion in the area.
DAVIE, FL-Miller Construction Co. and Moss & Associates LLC, which completed their first joint venture project this year, have begun preliminary site work for the planned 250,000-sf multi-purpose center.
MIAMI-The joint venture of the two locally based firms sold the six Florida shopping center portfolio to multiple buyers for $46 million more than it sold for a little more than two years ago. Included in the portfolio were Miami's South Dade Shopping Center, which sold for $23.9 million, and Miller Square, which went for $35 million.
DAVIE. FL-The company plans to finish Lakeside Town Shops, to be anchored by a 185,000-sf SuperTarget, in fall 2005. The property includes 68,875 sf of in-line retail space and about 4.9 acres for five outparcels.
NORTH MIAMI-Swerdlow Boca Developers, a joint venture between Boca Developers and Swerdlow Group, receives the financing through an out-of-state investment bank in a deal arranged by LJ Melody & Co. The $1-billion-plus luxury, mixed-use project's site is located on 193 acres.
HOLLYWOOD BEACH, FL-Two Chicago-based developers, Centrum Properties and MCZ Development Corp., are planning to convert Oceancrest Beach, their second local property, to condominiums, spending $20 million on renovations and the conversion. They also recently converted the 551-unit the Wave on Hollywood Beach.
From Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
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Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
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Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
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Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
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Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
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Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource