Hollywood and Miami apartments A portfolio of three apartment complexes in South Florida is being listed for sale for an undisclosed price. Listing agents Tal Frydman, Yoav Yuhjtman and Fernando Polanco The 701-unit portfolio includes the Palm Gardens, a 174-unit market-rate complex in Hollywood; Carib Villas, a 365-unit market-rate property; and Cutlerwood, a 162-unit community with an…
Bank of America is a dominant presence in banking, both in South Florida and across the country and as a result, bank execs have a good vantage point to view market trends. While 2015 was a booming year in real estate and related financing, things may slow down as the cycle nears its natural downturn…
Pipeline Workspaces opens its fourth shared office space site, its first in Doral’s Business District. The location features 14,000 square feet of office space at Doral Concourse, 8400 Doral Blvd. Pipeline Workspaces leases space to entrepreneurs, startups, lawyers and international business executives. Doral is a hub for small businesses, especially related to international business. Prices…
Billionaire benefactors Patricia and Phillip Frost provided a bridge loan to ensure that construction of the science museum in downtown Miami continues as the nonprofit replaced the board that oversaw the funding shortfall. With a salt water aquarium, a planetarium, an innovation lab and many other attractions, the museum could be a major draw to…
A company led by Dev Motwani acquired a downtown Fort Lauderdale property where he plans to build a hotel. The Curtis T. Bell Trust sold the 24,000-square-foot site at 315 to 333 N.W. 1st Ave. to Motwani’s 315 Flagler LP for $1.9 million. The seller was represented by Berger Commercial Realty brokers Judy Dolan and…
Coastal Miami, including a rendering of Elysee Residences and Peter Zalewski As concerns grow about the United States being dragged into the current global economic downturn, South Florida developers are increasingly faced with the realization that the asking price for a new coastal condo unit listed on the Multiple Listing Service is averaging more than…
The CityPlace urban retail center in West Palm Beach owned by the Related Cos., headed by Miami Dolphins owner Stephen Ross, had its $150 million mortgage placed into special servicing for “imminent monetary default,” according to Fitch Ratings. The 698,472-square-foot center has its commercial mortgage-backed securities (CMBS) loan in special servicing with C-III Asset Management,…
Burlington Coat Factory has signed a 50,000-square-foot lease to be one of the anchor tenants at the new River Landing project, said developer Andrew Hellinger. Located along the Miami River just west of downtown Miami and near the Health District, River Landing has been approved for 537,000 square feet of retail and 440 apartments. Combined…
A new office building has been proposed in Boca Raton to accommodate a growing company. Dizengoff Boca Raton LLC, managed by Ronon Saban, filed the application with the city in December to build a 7-story, 120,000-square-foot office building at 900 Peninsula Corporate Circle. It acquired the 3.76-acre site out of foreclosure in 2010 for $1.35…