The New York Stock Exchange in the Financial District (inset, from left: Marc Holliday and Steven Roth) From the New York website: New York city’s major publicly listed real estate firms were not exempt from today’s stock market hangover – the worst post-New Year’s Day performance by the U.S. markets since 2008. The Dow Jones Industrial Average…
An aerial view of Miami’s Brickell neighborhood (Credit: creative commons user Towpilot) 1. Miami has the fourth “smartest” homes in the country [Curbed Miami]2. Walmart breaks ground on controversial Midtown Miami store [The Next Miami] 3. Here’s what the inside of MiamiCentral might look like [Miami New Times]4. Long-dormant development projects may come to life on…
Despite the rush to close out deals before year’s end, only one condo was sold for more than $1 million last week in Miami-Dade County. But, it sold for a whole lot more than $1 million. The county’s biggest condo sale last week was a 25th-floor unit at the newly built Mansions at Acqualina in Sunny…
A rendering of the Center for Intelligent Buildings, which nabbed county approval in 2015 An affiliate of United Technologies Corp. just closed on a $17.25 million land deal in Palm Beach Gardens, where it plans to build a cutting-edge innovation center for showcasing new building technologies. The deal includes about 30 acres of wooded land…
Prologis sold the Concourse Village shopping center in Jupiter to a joint venture between DDR Corp. and Blackstone for $26.4 million. The deals follows Prologis (NYSE: PLD) selling three retail properties in Broward County to DDR (NYSE: DDR) and Blackstone the same week. Morris Jupiter Associates, an affiliate of Prologis, sold the 140,490-square-foot shopping center…
Prologis sold the Concourse Village shopping center in Jupiter to a joint venture between DDR Corp. and Blackstone for $26.4 million. The deals follows Prologis (NYSE: PLD) selling three retail properties in Broward County to DDR (NYSE: DDR) and Blackstone the same week. Morris Jupiter Associates, an affiliate of Prologis, sold the 140,490-square-foot shopping center…
United Technologies Corp. subsidiary Carrier Corp. paid $17.25 million for the Palm Beach Gardens site where it plans to employ 380 people at its Center for Intelligent Buildings. Pasteur Commercial Investments, an affiliate of West Palm Beach-based Kolter Group, sold the 30-acre property near the southeast corner of Donald Ross Road and Interstate 95 to…
With the holiday rush behind it, the Aventura Mall has started its expansion by landing a $213.5 million construction loan. JPMorgan Chase Bank, as lead agent for a group of lenders, provided the mortgage on Dec. 30 to Aventura Mall Expansion Venture, an affiliate of Turnberry Associates led by Soffer family. A notice of commencement…
With the holiday rush behind it, the Aventura Mall has started its expansion by landing a $213.5 million construction loan. JPMorgan Chase Bank, as lead agent for a group of lenders, provided the mortgage on Dec. 30 to Aventura Mall Expansion Venture, an affiliate of Turnberry Associates led by Soffer family. A notice of commencement…