Renderings of the Miami Beach Convention Center The City of Miami Beach will hold a groundbreaking ceremony Tuesday evening for a $515 million renovation and expansion of the 58-year-old Miami Beach Convention Center. The three-year project will increase the size of the convention center by 150,000 square feet to 1.4 million square feet. The renovated venue…
Rendering of Valencia Grove apartment development. Coconut Grove-based Housing Trust Group closed on financing for construction of Valencia Grove, a 144-unit affordable housing project in the Central Florida community of Eustis. Construction of the $21.8 million multifamily development began November 30 and will take an estimated 13 months to complete. “Valencia Grove will serve the…
Choctaw Plaza in Fort Walton Beach. Commercial property brokerage Marcus & Millichap announced the sale of the Choctaw Plaza shopping center in Fort Walton Beach for $9.5 million, or $98 per square foot. Marc E. Strauss, a first vice president, investments, in the Fort Lauderdale office of Marcus Millichap and Al Palacios, sa senior associate…
Donald Trump and Prince Alwaleed bin Talal From the New York website: Don’t expect a new Trump Tower in Saudi Arabia anytime soon: Saudi billionaire Prince Alwaleed bin Talal has publicly denounced Donald Trump for his call to ban Muslims from entering the U.S. “You are a disgrace not only to the GOP but to…
Area builders started 5,862 homes in the last year. A lack of land is constraining single-family home construction in South Florida, particularly Broward County. When the housing boom peaked in 2004 and 2005, South Florida contractors started building about 2,000 homes per quarter in the tri-county area. At the bottom of the recession in 2009, home…
Aerial view of North County airport in Palm Beach Gardens. The city of Palm Beach Gardens approved a change in its operating agreement with North Palm Beach County General Aviation Airport to allow a runway extension from 4,300 feet to 6,000 feet. The change also requires the Palm Beach County Department of Airports to ask…
With rents on the rise in several of America’s largest cities, it’s always helpful to know what your money can get you. The sad truth, however, is that it’ll go a lot farther in some cities than others. A one-bedroom apartment in New York City, for instance, goes for about $2,000 more than the same-sized…
John F. Kennedy and his family on Easter Sunday in 1963 at the Kennedy compound in Palm Beach. (Credit: Palm Beach Daily News) The owner of the former Kennedy compound in Palm Beach next month will auction furniture and other items there, including walnut beds and a massage table that John F. Kennedy and his…
The Tierra del Sol townhome development in Juno Beach. Sales are under way three new townhome developments in northeastern Palm Beach County. Ocean Breeze is a 24-unit townhome development with prices starting at $639,500. Sue Messenger, a sales agent for Ocean Breeze, told the Palm Beach Post that buyers have committed to purchases of four of the…
The 47-acre site of Gardens on Millenia in Orlando. Fort Lauderdale-based BBX Capital Corporation announced the sale of a 15.46-acre parcel in Orlando to Costco Corporation, which plans to build a big-box store there. BBX did not disclose the sale price. The parcel is part of a 47-acre mixed-use development called Gardens on Millenia, located in…