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PALM BEACH, FL-The leases, being acquired from the REIT's main lessee, are the first of 60 hotel leases the company plans to acquire from Innkeepers Hospitality. Innkeepers USA Trust paid Innkeepers Hospitality about $3.8 million cash for the 23 leases.
CORAL GABLES, FL-The deal, at Alhambra Towers here, is estimated to be valued at more than $3 million. Public Service Enterprise Group originally leased the space two years ago but never occupied it. Becker and Poliakoff PA plans to move in to the space in April with a lease that runs through 2012.
MIAMI-A local private investor purchased the 254-unit, class B apartment complex here for $21.2 million. Kendall Lake Towers LLC, the seller in the current transaction, bought the property seven years ago for approximately $5.2 million, property appraiser records show.
SOUTH FLORIDA-A new Marcus & Millichap report shows three key South Florida cities--Miami, Fort Lauderdale and West Palm Beach--will improve their rankings in the company's National Office Index.
FORT LAUDERDALE, FL-The top five performers with vacancy rate improvements were listed in a recent Torto Wheaton Research study. Fort Lauderdale's office vacancy rate dropped from 19.2% a year ago to 16.6% so far this year, according to TWR.
MIAMI-The as-yet-unnamed project will consist of 81 condominium units in five currently vacant buildings. The project, which is the third for Prodigy International Development Sales, has a sellout value of about $40 million.
MIAMI-The as-yet-unnamed project will consist of 81 condominium units in five currently vacant buildings. The project, which is the third for Prodigy International Development Sales, has a sellout value of about $40 million.
AVENTURA, FL-Residents of the 28-story Hamptons South are set to move in at the end of the year, while at the same time, Phase II of the Peninsula, a 30-story, two-tower project, is entering the market.
MANALAPAN, FL-Crescent Real Estate Equities Co. and Westbrook Real Estate Fund IV LP, which each owned 50% of the luxury, 270-key resort here, sold it to an undisclosed private investor.
MANALAPAN, FL-Crescent Real Estate Equities Co. and Westbrook Real Estate Fund IV LP, which each owned 50% of the luxury, 270-key resort here, sold it to an undisclosed private investor.
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.
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 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