Two confidential businesses are seeking public incentives to create jobs in Broward County: a Fortune 500 company that would open a Latin American headquarters in Miramar, and a national health care staffing firm that would relocate to Fort Lauderdale. The Broward County Commission will vote on “Project Element” on Feb. 2. The confidential company would…
Prologis sold its property in the Commerce Park of Coral Springs for $24.4 million. The Denver-based real estate investment group (NYSE: PLD) issued three deeds to affiliates of Exeter Property Group, of Plymouth Meeting, Pennsylvania. That gave it control of two warehouses completed in 2009 and four vacant parcels in the business park just off…
From the New York website: Pricey waterfront real estate is nothing new, but a rise in boat ownership is now driving developers to create mixed-use marinas. In China, the number of mixed-use marina projects planned has increased significantly, as have home prices. Coastal areas in Malaysia, the Middle East and Spain are also seeing the…
The Hallandale Beach City Commission will vote on the Diplomat Resort & Spa’s four-tower expansion proposal on Feb. 3. The buildings would be constructed on the 127.3-acre golf course at 501 Diplomat Parkway that the hotel has used for years. It currently has a 60-room hotel, which was closed in 2010. Thayer Lodging Group’s Diplomat…
A lawsuit to block the expansion of the Aventura Mall was filed by the owner of the Sears department store building there. The mall, which is majority owned by the Soffer family’s Turnberry Associates, commenced work in early January on a 315,000-square-foot expansion. It was funded by a $213.5 million construction loan. On Jan. 28,…
Shoma Group filed a breach of contract lawsuit against condo developer Ugo Colombo and the Collection luxury car dealership over a stalled condo project in Coral Gables. Doral-based Shoma Group previously had a partnership with Colombo and CMC Group to build the 126-unit Collection Residences with ground-floor retail near the car dealership. However, in November,…
The University of Miami’s Miller School of Medicine broke ground on a major medical education center on Thursday, as it recognized two of its biggest donors. The Miller School of Medicine Center for Medical Education will be the main teaching center for all levels of students, hosting clinical research and post-graduate training. It will include…
A Miami business park topped the rankings on the South Florida Business Journal’s 2016 business parks list. The business park earned the top spot based on its 870 developed acres. To see who topped the list, click through the photo gallery included with this post. Newcomers or returnees to the list include AVE Aviation &…
• Marcus & Millichap arranged the $4 million sale of 23133 Sandalfoot Plaza Drive, a 7,860-square foot retail property in Boca Raton, and the $1.9 million sale of Pembroke Manor, a 24-unit apartment property at 6911 S.W. 19th St., Pembroke Pines. www.marcusmillichap.com. • Stantec in Miami was selected to provide the architecture for the $250…
M iami-founded global law firm Greenberg Traurig LLP announced two key additions to its pool of attorneys last week. Former New York City Mayor Rudy Giuliani and former supervisory federal prosecutor Marc Mukasey have joined the firm. Below are their thoughts on South Florida and El Chapo as told to the Business Journal. El Chapo…