Online travel company Expedia opened its new office in Miami on Tuesday as it makes room for nearly 100 employees. The Bellevue, Washington-based company (NYSE: EXPE) relocated its Miami office to 19,000 square feet at 701 Brickell Ave. The 33-story tower is anchored by Bank of America. It includes a 10,000-square-foot fitness center exclusively for…
Site work recently started for the Canvas condominium in Miami’s Arts & Entertainment District after the developer secured approval for buyer financing from Fannie Mae. Few new condominiums in South Florida have gotten the OK from the mortgage giant to purchase or secure loans for individual buyers. That ability should make it easier for domestic…
SBA officials assured Congress Tuesday that small businesses can expect to get a record number of loans through the agency’s programs this year. The House Small Business Committee is holding hearings to review the Small Business Administration’s programs after the Government Accountability Office reported that the agency has failed to address various management problems. But…
The American Dream Miami mega mall would have two levels of retail in a figure eight layout surrounded by scores of amenities, including an indoor ski dome, according to documents recently filed with the county. The development in northwest Miami-Dade County aims to be the largest mall in North America with 6.2 million square feet…
Renderings of Canvas Canvas, the condominium tower planned to rise in Miami’s Arts & Entertainment District, has received conditional project approval from Fannie Mae, as construction begins. Fannie Mae has agreed to purchase or securitize mortgages on individual units in the 513-unit property, NR Investments, the project’s developers told The Real Deal. The approval is…
Turnberry Associates has unveiled its duplex collection at Turnberry Ocean Club, with prices starting at $19.5 million. Turnberry Ocean Club’s “Collection Residences” feature their own outdoor swimming pools, hydrotherapy spas and summer kitchens. Five-bedroom units will have 6,935 square feet of indoor space, according to a press release. Carlos Zapata and Robert Swedroe designed the interiors, which include a…
A self-storage REIT paid $17.9 million for a facility on U.S. 1 in Boynton Beach. US1 A/C Self Storage was sold by 3602 NFHB LLC, a Boca Raton company owned by Thomas McCormack and Charles Highley, to SST II 3101 Federal Hwy LLC, a subsidiary of Strategic Storage Trust II, a public, non-traded REIT in…
A self-storage REIT paid $17.9 million for a facility on U.S. 1 in Boynton Beach. US1 A/C Self Storage was sold by 3602 NFHB LLC, a Boca Raton company owned by Thomas McCormack and Charles Highley, to SST II 3101 Federal Hwy LLC, a subsidiary of Strategic Storage Trust II, a public, non-traded REIT in…
An affiliate of Banyan Street Capital sold the Tower 101 office buildings in downtown Fort Lauderdale for $56.3 million, an 87 percent gain after four years. Tower 101 Associates, managed by Rodolfo Prio Touzet, CEO of Miami-based Banyan, sold the office complex at 101 N.E. 3rd Ave. to Ivy Tower 101 Property, part of Ivy…