Public company aims to build out business park

BBX Capital Real Estate has revealed its plans for the final phases of the PGA Professional & Design Center in Palm Beach Gardens, with an emphasis on public transit and walkability. The company, a subsidiary of Fort Lauderdale-based BBX Capital Corp. (NYSE: BBX), previously acquired a large portion of the business park at the southeast…

Development site slated for 128-room hotel sold

A developer paid $1.65 million for a Homestead property where it plans to build an InTown Suites. Steve Arbuckle of Maddux & Co. represented sellers LBOTA LLC and Williams Agricultural Enterprises. CBRE’s Chris Wood represented the buyer, ITS Homestead, an affiliate of Connor & Gaskins Unlimited, a Naples-based company headed by veteran hotel developers Barry…

Aventura firm pays $55 million for land in Chicago

The RidgePort Logistics Center in Chicago (Credit: Midwest Real Estate News) Aventura-based Elion paid $55 million for about 1,100 acres of vacant land in a Chicago business park catering to distribution operations. Elion’s managing principal, Shlomo Khoudari, told Crain’s Chicago Business that the company bought the land at a business park called RidgePort Logistics Center to develop…

Rental home complaints multiply in Orange County

An Airbnb-listed home in Kissimmee Orange County home owners are pushing for tougher enforcement of zoning rules as Airbnb and similar hospitality companies pull tourists into residential sections of Greater Orlando. Since September 2015, county code enforcement staff have received 20 complaints about homes improperly used as rentals. Just 4.1 percent of the Orange County…

Many condos charge illegally high application fees

Miami attorney Jason Kellogg A Miami Herald investigation shows that many condominium associations in South Florida charge potential residents application fees higher than legal limit. State law allows condo associations to charge a maximum nonrefundable fee of $100 to cover such costs as interviews and checks on credit history. But nearly half of condos listed…