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PALM BEACH, FL-The market is seeing demand from investors for retail centers and new development, as new centers are able to pre-lease high percentages of their space. Meanwhile, retail is giving in and developing to meet demand where vertical residential demand is high.
LAUDERDALE-BY-THE-SEA, FL-Happy Hour Inc. of Fort Lauderdale sold the 15,767-sf, two-story building here for about $142.70 per sf. It was 100% occupied. Happy Hour paid $920,000 for the building a little more than five years ago.
BOCA RATON, FL-The $9.1 million, or 31 cents per diluted share, in second-quarter net income was up from $6.2 million, or 23 cents per diluted share, for the same time last year. Resorts sales also were up 38%, while total operating revenue jumped 44%.
MIAMI-The developer, a joint venture between SunVest Resort Communities and Hamilton Investment Group LLC, paid $31 million, or $155,000 per unit, for the 200-unit property to Trammel Crow. SunVest/Hamilton is converting the project into condominiums and changing its name to Da Vinci at Coral Gables.
CORAL GABLES, FL-Fleming's Prime Steakhouse & Wine Bar plans to open at the new 2525 Ponce de Leon building here by the end of the year, taking 8,659 sf of ground-floor space in the 250,000-sf, class A office building. The building is scheduled to open in August.
FORT LAUDERDALE, FL-New deals total 9,779 sf at the five-building complex. The new leases have an aggregate value of $333,703.
AVENTURA, FL-A limited partnership between Lauris Boulanger, Mark Rousso and Jose Norberto Saal, called 3030 Associates Ltd., purchases the 1.3-acre waterfront site from T&T Custom Marine and Land Acquisitions for almost $3.9 million. The project is slated for 45 units.
BOCA RATON, FL-This consists of a term loan with $200 million in principal, which the company intends to use to redeem its outstanding 9 7/8% senior subordinated notes, and a revolving credit facility with $125 million in principal, which the company plans to use to replace its existing facility maturing in June 2005 as well as for general corporate purposes.
HOLLYWOOD, FL-Tropicana Investors Inc. buys the 138-unit, 32-year-old property from Atlantic Resources Clarkson Emerald Green LLC for about $66,667 per unit. The complex, consisting of three two-story buildings, was renovated in 2000.
HIALEAH, FL-The former Winn-Dixie distribution facility, located just northeast of Miami International Airport, has a $13 million asking price. The owner purchased the facility 10 years ago and has made improvements and repositioned the facility as a multi-tenant building.
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.
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 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