The Related Group sold its recently-completed SofA Delray apartment complex in the high-demand downtown Delray Beach market for $62.4 million. The price of $362,791 per unit shows that investors are willing to pay a premium for apartments in the city’s downtown, where a vibrant restaurant and shopping scene has emerged. RD Delray, an affiliate of…
West Palm Beach officials have launched a design and research competition with cash incentives to foster the redevelopment of the city’s waterfront. The competition comes as the city is in the midst of an urban development wave. A recent Business Journal feature story found 25 major projects proposed or under construction in downtown West Palm…
A CVS pharmacy-leased building in Miami’s famous Little Havana neighborhood sold for $13.1 million. Mother Queen, managed by Perla Aydee Puente Resendez in Coral Gables, sold the 22,335-square-foot retail building at 1177 S.W. 8th Street to 976 Miami RE, managed by L. John Wilkerson in New Vernon, New Jersey. Pompano Beach-based Stonegate Bank provided a…
Architecture studio MKDA unveiled its design for a retail building in the Miami Design District, where rents have soared as luxury shops have clustered in the neighborhood. Renovations recently started on the 6,000-square-foot building at 80 N.E. 40th Street. MKDA, which is based in Miami’s Wynwood, crafted the new look for the building, which was…
A Boca Raton company ranked first on the South Florida Business Journal’s list of title companies. The company earned the top spot based on its $64 million in 2015 South Florida title premiums. To see who topped the list, click through the photo gallery included with this post. The complete title companies list includes stats…
Rank Company / URL 2015 S. Fla. title premiums Closings as of January 1, 2016 No. of S. Fla. offices No. of S. Fla. employees Year founded Top local executive 1 All Country Title Agency, 1300 N. Federal Highway, Suite 106, Boca Raton, FL 33432, 561-367-1919, allcountrytitle.com 64000000 175 3.0 5.0 2010 Harvey Schneider hrschneider@allcountrytitle.com…
If one word could define Malcolm Butters, it may be “opportunistic.” The president of Coconut Creek-based Butters Realty & Management has made his business of late turning overlooked parcels of land – or lakes – into corporate parks. He purchased a 74-acre golf course in northern Broward County to build the Hillsboro Technology Center. He’s…
There’s an adage most of us are familiar with: What goes up must come down. And that sentiment seemingly rings true when applied to the region’s hospitality industry. After years of explosive growth, when South Florida hotels were packed with the droves of guests traveling to the region for sun, entertainment and business, more hotel…
Miami Beach Mayor Philip Levine delivered what he viewed as a dose of reality at a commission meeting on Wednesday. Preservationist Daniel Ciraldo has been collecting signatures on a petition to change the Miami Beach’s charter so that building height increases three feet above what is allowed would have to go to voters for approval,…