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MIAMI-The 33-story, 334-unit, waterfront residential project, recently sold to DK/Equity of Florida LLC for $97.8 million and currently being converted to condos, has sold more than 100 units and has 60 more reservations being processed. Prices range from the $200,000s to $1 million.
PALM BEACH COUNTY, FL-While some submarkets have struggles, overall, absorption was positive 103,280 sf, leasing activity totaled 425,085 sf, and the overall vacancy rate fell from 7.7% at year end to 7.5% at the end of the first quarter.
BONITA SPRINGS, FL-The new orders value increased 91.6% to $458.9 million in the first quarter, while the company reported record backlog of $1.2 billion, a 54.7% hike, compared with the same period a year earlier.
MIAMI-The transactions, which total more than one million sf, include the $45-million, 709,413-sf Dolphin Commerce Center portfolio sale, the $24.6-million, 172,500-sf sale of the Telefonica building in Dolphin Commerce Center and the $12.5-million, 180,000-sf sale of the former Incredible Universe property.
FORT LAUDERDALE, FL-The division of Stiles Corp. has hired Marc Kopelman as investment equity director to help reach its objective of acquiring or assembling $1 billion in real estate from 2004 to 2008.
VENICE, FL-The shopping center REIT paid about $58.07 per sf for the 111,933-sf shopping center, anchored by a Publix supermarket, Beall's Outlet, Dollar Tree and Wachovia Bank.
MIAMI-The three leases signed, in each county in the tri-county area, are worth a total of more than $780,000. The stores committed to five-year terms and are scheduled to open in June and August.
CORAL GABLES, FL-The biggest project is the 60,000 sf of office space in the 70-story Offices at Four Seasons Hotel and Tower for HSBC Bank USA. Also, KM Construction is building out Steiner Leisure Management's 19,000-sf office space. The third project for the two-year-old construction firm is the 5,000-sf Fisher Island Day School.
FORT LAUDERDALE, FL-Don Winsett will be in charge of operations and growth of Stiles Landscape Co., based here. The company provides landscape renovation and maintenance for clients including commercial projects and luxury residential projects in Florida.
FORT LAUDERDALE, FL-Interloc Inc. paid $60,000 per unit to Fairfield Park Inc. for the 33-year-old, 120-unit community here. The property consists of four three-story buildings. Eighty of the apartments were recently renovated.
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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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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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