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MIAMI-Local investors Scott Silver and Fredric Garvett, of Grouper Financial Inc., paid $18.5 million for the former Burger King world headquarters here. The seller was New Cutler Bay Corp.
PEMBROKE PINES, FL-Nine deals were inked recently, for a total of 26,810 sf, at the 257,000-sf Flamingo Pines Shopping Center. Sunrise Medical, taking 10,000 sf, was the largest of those nine leases.
PALM BEACH COUNTY, FL-The negative absorption of 60,427 sf in the third quarter was a big improvement compared with the negative 175,131 sf in the second quarter, according to a new Cushman & Wakefield report. Additionally, the county experienced a decline in office vacancy by 50 basis points to 15.4% in the third quarter, according to a new report by Grubb & Ellis.
MIAMI-South Beach Resort Development LLC has received a $6.3 million mezzanine loan, arranged by LJ Melody & Co., for the development of the five-star project, called The Regent South Beach.
MIAMI-The company bought 10 acres at Dolphin Commerce Center from Swerdlow Group for more than $6.5 million, or about $650,000 per acre. Plans are to develop two 80,000-sf to 90,000-sf, class A office buildings there.
FORT LAUDERDALE, FL-City officials granted approval for the design and concept of the condominium project's oceanfront cabana club, which will feature 23 private cabanas located across the street from the development.
PALM BEACH GARDENS, FL-Wisperwood Village Development LLC bought Wisperwood Village in Kendall and 1951 Brandywine LLC bought Fairway Vista in West Palm Beach. The seller of both complexes was locally based Jennings Construction Corp.
MIAMI-Residents plan to move into the 199-residence loft condominium development Downtown this December. The developer is locally based Neo Concepts LLC, which also is developing NeoVertika, a 443-unit loft condominium project in the city.
BOCA RATON, FL-The 188,000-sf shopping center's four new leases, which total 9,426 sf and are worth close to $1.8 million, bring the center's occupancy to 97%. The four companies that signed leases recently are Casual Male, Verizon Wireless, EB Games and Jersey Mikes.
MIAMI-Several companies are inking deals at the 1.4 million-sf, 30-building business park, which is undergoing major renovations. The third-quarter deals have an estimated value of close to $8.8 million. Year to date, 236,000 sf in leases have been signed at the park.
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.
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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.
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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.
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