An office building in Boca Raton’s Park at Broken Sound could be torn down to make way for a 304-unit multifamily project. Amtec I LLC and Catexor Limited Partnership filed an application with the city on July 22 for the Amtec Residential Center. It would be located on the 21.35-acre site with five office buildings…
Struggling Cincinnati-based department store giant Macy’s Inc. announced Thursday that it’s closing 100 stores in an effort to overhaul its retail strategy. Macy’s (NYSE: M) will close a majority of those stores in early 2017, according to a news release. The locations of which stores will be closed will be announced at a later date,…
The Boca Manor Apartments traded for $13.5 million. Robert G. Gordon Boca Trust LLC, managed by Lee B. Gordon in Palm Beach, sold the 85-unit complex at 2500 N. Federal Highway to KMF X Boca Manor, an affiliate of the Klingbeil Multifamily Fund X, which is managed by the Klingbeil Organization in San Francisco, The…
The operators of the Franklin Academy chapter school in Cooper City acquired the property from their landlord for $20.05 million. CA Miami 6217 SFR, an affiliate of the Canyon-Agassi Charter School Facilities Fund in Santa Monica, California, sold the 9.2-acre campus at 6301 S. Flamingo Road to the Florida Charter Foundation, the Fort Lauderdale-based non-profit…
A company tied to the estate of the late corporate raider Victor Posner filed Chapter 11 over undeveloped homesites in the wealthy city of Weston. Windmill Reserve Corp., also known as the Estates of Swan Lake, filed Chapter 11 in U.S. Bankruptcy Court in Fort Lauderdale on Aug. 8. It listed $15.5 million in assets…
Wynwood aerial and Zika After temporarily shutting down as a result of the Zika virus outbreak in Wynwood and parts of surrounding neighborhoods, a local business operating on vacant land co-owned by David Lombardi is open again. The Wynwood Yard, an outdoor food and entertainment venue at 56 Northwest 29th Street, had been closed since…
On the heels of its merger with international real estate powerhouse DTZ, Cushman & Wakefield of Florida Inc. has snapped up a Florida firm with a presence in each of the Sunshine State’s biggest markets. Cushman this week closed on its acquisition of Tampa-based Taylor & Mathis of Florida, adding about 120 employees to its…
Rendering of Design 41 (Inset: Asi Cymbal, project’s former partner) After a messy feud between developers Asi Cymbal and Benjamin Norton almost led to Design 41’s collapse, the project in Miami’s Design District appears to be moving forward. County records show Design District Development Partners, headed by Norton, just secured a fresh $24.3 million loan…
Developer Moishe Mana and Rolando Tapanes, Director of Planning and Development for the Miami Parking Authority A new revelation has blown the lid off litigation between Moishe Mana, the Miami Parking Authority and a competing developer over a bid to build a mixed-use project in downtown Miami. The authority reportedly used falsified emails to defend…
From left: David Fano and a WeWork space From the New York website: “Real estate, historically, is a very gut kind of business,” WeWork’s chief product officer David Fano said Wednesday. He’s out to change that. The $16 billion company is looking to gather a slew of data on its members to guide how it designs…