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PALM BEACH, FL-The publicly traded hotel REIT, based here, declared a 3-cent per share regular common share dividend for the fourth quarter. The company declared a regular dividend of 53.9 cents per Series A cumulative convertible preferred share.
WEST PALM BEACH, FL-Alliance Holdings LLC paid the Rreef Funds $73,101 per unit for the 316-unit luxury apartment community here. The apartments are centered around a Jack Nicklaus-designed golf course.
PALM BEACH GARDENS, FL-Seavest Inc. and Enterprise Asset Management Inc. bought the 189,000-sf property at 3801 PGA Blvd. from a limited partnership, of which real estate developer Bruce Rendina is the general partner. The building, with many financial tenants, is being renamed the Financial Center at the Gardens.
DELRAY BEACH, FL-The permanent mortgage financing, arranged by Dockerty Romer & Co., was from Bear, Stearns & Co. for two retail properties totaling about 101,500 sf--the 68,000-sf Delray Commons and the 33,500-sf Pine Island Plaza.
MIAMI-In a large deal for the area, Principal Real Estate Investors bought the building, which was leased entirely to one tenant in September, from Lincoln PO Miami LP, which paid $11.9 million for the building about a year ago.
SUNNY ISLES BEACH, FL-Wavestone Properties of New Jersey is developing Sole on the Ocean, with 147 resort-residences and a $72-million sellout value. Prodigy International Development Sales, a new company, is beginning to sell the project.
DEERFIELD BEACH, FL-The $1-million renovation was a condition of the mall's $42.6-million sale to a partnership of Ross Matz Investments Inc. early this year. Improvements included painting, a new facade and awnings, landscaping and sidewalk pressure cleaning.
MIAMI-The $75-million mixed-use tower Ten Museum Park will include 200 luxury condominiums, priced from about $200,000 to $750,000, along with live/work office condos, restaurant space and parking.
LAKE PARK, FL-Private individuals and affiliates of Florida Executive Realty Management Corp. of West Palm Beach borrowed the permanent mortgage financing from Key Real Estate Capital Inc. for Cardello's Plaza, a 45,500-sf unanchored shopping center.
BOCA RATON, FL-Completion of the 83,000-sf, class A 595 Financial Center here is the second part of the company's creation of a class A financial center, which also included significant renovations to an adjacent building and a parking garage. The project cost was about $25 million.
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