A Boca Raton-based company with more than 500 workers in South Florida is considering relocating its headquarters. Bluegreen Vacations, a vacation ownership and resort management firm, is exploring its options and may opt to relocate and develop a new headquarters office within Palm Beach or Broward Counties. If no other sites meet their needs, the…
Stormy future for US commercial real estate, Pimco says Report projects 5 percent drop in property values June 21, 2016 12:00PM Miami Freedom Tower (Credit: Juan-Oropeza) From the New York website: Tighter regulations, a volatile debt market and low oil prices are signaling choppy waters ahead for the U.S. commercial real estate market, according to…
A New York firm sold an Opa-locka apartment complex for nearly double what the property last sold for 14 years ago. The recent transaction in Miami-Dade County highlights the interest of out-of-towners in the local apartment inventory. New York-based Miami Property Group, an affiliate of Capital Realty Group, sold the 175-unit complex to Ohio-based 22nd…
The owner of the Bahia Mar Resort & Marina may still redevelop the important site, the Business Journal has learned – but not until plans make economic sense. Tate Capital CEO James Tate said his company pulled out of the project Friday, bringing the improvement process to a halt, because parties involved “lost track of…
Beckham courting All Aboard Florida investor to help fund Miami soccer stadium Beckham is closest he’s ever been to building soccer stadium in Miami June 20, 2016 03:00PM A conceptual rendering of the MLS Miami stadium After talks fell through with a potential Qatari investor, David Beckham’s development team is reportedly courting a railroad honcho…
Thor files plans for former post office site in Miami’s Design District Plans call for a 57,961-square-foot building with rooftop deck, designed by Touzet Studio June 20, 2016 02:15PMBy Ina Cordle Rendering of 70 Northeast 39th Street Thor Equities has filed its plans for the former post office in Miami’s Design District, proposing a three-story…
Planned redeveloped Design District building available for lease – or sale, at $15.5M Remy Jacobson bought the building in April for $10.5M June 20, 2016 12:50PMBy Katherine Kallergis Rendering of the 41 Building Developer Remy Jacobson is looking for tenants to fill his newly acquired Design District building. That, or a buyer. 4141 North Miami Avenue…
Sumitomo Corporation of Americas announced it will retain JLL as the Miami Tower office building’s exclusive leasing agent and property manager. Sumitomo purchased the building in Miami’s central business district in May for $220 million. JLL executive VP Eric Groffman and senior associate Josh Gibbons will oversee leasing on behalf of Sumitomo, the U.S. arm…
Affiliates of Columbus, Ohio-based The Edwards Cos. bought a swath of Delray Beach properties for $38.5 million, according to Palm Beach County records. The development group is known for multi-family, student and single family housing projects. The sellers were Boca Raton-based CDS Atlantic Plaza and CDR Delray Redevelopment LLC. Two deeds show the sale of…
Just three years after being built, North Miami apartment complex Alta Mira has been sold to an Aventura-based investment firm for $52.7 million. Advenir specializes in buying and selling apartments, and this recent deal is across the bay from the investment firm’s Aventura home. The 240-unit Alta Mira sits on a 419,931-square-foot lot and was…