700-unit multifamily portfolio in South Florida hits the market

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…

Pipeline Workspaces opens new 14,000-square-foot shared workspace

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…

Dolphins owner Ross’ CityPlace has loan marked for ‘imminent monetary default’

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,…

New office building proposed in Boca Raton

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…