An aerial view of the Venetian Islands (Credit: Marc Averette) The South Florida residential market is battling global economic headwinds, but that isn’t stopping housing prices in the region from steadily appreciating. South Florida home prices grew by 8.1 percent year-over-year in November, according to a new report from S&P/Case-Shiller. That means the tri-county area…
A speculative 250,000-square-foot office building is set to break ground in the Waterford at Blue Lagoon business park in Miami. The groundbreaking ceremony will take place on Jan. 27 at 11:30 a.m. at 800 Waterford Way. The 10-story, “Class A” building is being developed by the Hogan Group, which manages the business park for co-owners…
Clockwise from left: A rendering of Manor at Flagler Village, the industrial building at 3375 Southwest 24th Street, Miramar Centre III and the building at 2800 North Andrews Avenue While Broward County might not have the same glitz and glamour of its southern cousin Miami-Dade, the county had plenty of big-ticket commercial deals last year that…
RADISE International, a wireless embedded data collector and consulting firm, will more than double its workforce in Riviera Beach with a $2 million expansion. The Business Development Board of Palm Beach County, Enterprise Florida and the Florida Department of Economic Opportunity worked with the company as it decided to create 60 jobs here. Founded in…
1555 Washington Avenue Popular eateries Yuca and Ceviche 105 are teaming up to open a new restaurant on Washington Avenue in Miami Beach: Cubiche 105. The city of Miami Beach has agreed to lease 7,130 square feet at 1555 Washington Avenue to an entity called Cubiche 105 LLC. The 10-year lease is priced at $56…
New York Stock Exchange From the New York website: Publicly traded real estate investment trusts could benefit from a decision by major stock indices to break out real estate securities into their own, separate sector. While real estate companies are currently lumped in with major financial companies likes banks and insurers, the S&P Dow Jones…
Three major development projects, including a hotel and an apartment tower, are slated to go before the Fort Lauderdale Design Review Committee on Jan. 26. The Flagler Village Hotel has been proposed with 195 rooms and 2,227 square feet of retail space at 315 N.W. 1st Ave. The applicant is 315 Flagler LP, managed by…
An aerial view of Fisher Island, Miami’s most expensive place to rent (Credit: CreativeCommons user Alexf) Prices in Miami’s rental market appear to be leveling out, but the city is still one of the nation’s most expensive places to nab an apartment. The median rent for a one-bedroom place in Miami was $1,820 per month…
A local investor acquired two retail centers in Broward County for a combined $14.225 million. Ptolemaios Property, a Plantation-based company managed by Steven Otto, acquired Palm Plaza in Pompano Beach and Oakbrook Plaza in Lauderhill. Marcus & Millichap’s Joseph P. Thomas represented the buyer in both deals. Douglas K. Mandel, also of Marcus & Millichap,…