Miami

The sale price more than likely is north of $100 million since CrossHarbour acquired the property in 2016 for $101 million and since then undertook a multi-million-dollar capital improvement plan at the hotel that was completed in 2017.

Davis, Kellogg and Morrison have worked as team for more than four years and bring 40 years of combined experience in the Orlando office market.

With the additional guidance provided with these new regulations, I expect to see a significant uptick of investments in those and other areas in South Florida, including Coral Gables, Allapattah, and up the coast into Fort Lauderdale and Hollywood.

The sale of the Wellington charter school property follows the late March sale of two charter schools in Orlando and Wellington by ESJ Capital Partners and MG3 Developer Group of Hollywood, FL to affiliates of Charter Schools USA of Fort Lauderdale.

The new lease deal was signed on April 19, two days after the office building was sold, according to Colliers International. The lease expands the company's presence at the property from 73,005 square feet to 106,957 square feet.

A groundbreaking for the project was held last Friday and demolition of the Edison Building at the project site located at the southwest corner of North Boulevard and Spaulding Drive is scheduled to begin on May 7.

The EDEN Crystal Lake project in Port Orange, which a spokesman for the development team told Globest.com is valued at approximately $47 million, is expected to break ground in June.

Colliers states that it will add development services team members in Orlando, Tampa Bay and Jacksonville, as well as bring in additional personnel to its South Florida operation.