The owner of a retail building in Deerfield Beach filed Chapter 11 reorganization after losing main tenant Gold’s Gym. Deerfield Real Estate Development made the Bankruptcy Court filing on May 6 and listed Kent R. LaFleur in Lake Park as its managing member. Its largest secured debts are a $1.7 million mortgage to New Wave…
Rendering of Downtown Doral and Master Brokers “South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics. For decades, Doral was known for its eponymous country club and a sleepy assortment of nondescript suburbs, corporate headquarters, and industrial warehouses. But that’s all changing in a…
A confidential aviation industry supply company called “Project 007” is seeking incentives in Miami-Dade County to create 400 jobs and invest $47.9 million in a new facility. The county commission will consider the application for job growth incentives on May 17. Officials from the Beacon Council, which vetted the company and brought the application to…
The home of the annual Fort Lauderdale International Boat Show is closer to being redeveloped after Broward County commissioners voted 4-1 in favor of transforming Bahia Mar Resort & Marina, according to the Sun Sentinel. The initial approval provided the go-ahead for the developer to add restaurants, shops, a grocery store and a public promenade…
The Miami Beach City Commission will consider a developer-initiated proposal to increase the height in the historic Ocean Terrace area. Ocean Terrace Holdings, led by Sandor Scher, owns much of the 3.55-acre site covering two blocks along the Atlantic Ocean. The area is from 73rd Street to 75th Street, and Ocean Terrace to Collins Avenue…
A technology firm is seeking $665,000 in public incentives to expand its headquarters in Plantation by 100 workers. The confidential applicant is called “Project Discovery” and is described in the city memo as a producer of cloud-based software for construction management. Plantation-based e-Builder is in that line of business. The city commission will meet on…
Plans for a hotel near the beach and a self-storage facility have been proposed in Hollywood and will go before the city’s Planning and Development Board on May 12. An 11-room hotel from 1952 would be replaced by the 27-room Dolphin Hotel, which would total 40,461 square feet. The five-story building would be on the…
A New York investor acquired the Aventura Corporate Center office complex for $105.28 million. The deal included a seven-year, $50 million mortgage through Prudential Mortgage Capital Co. as brokered by Bob Dockerty of Dockerty Romer & Co. in Delray Beach. ACC/GP Development and ACC/GP Investment, both affiliates of Aventura-based Groupe Pacific led by Chairman Charles…
Buenos días, South Florida. Privacy doesn’t always come cheap. 1. Gates big on Wellington Microsoft billionaire Bill Gates has snapped up more property on the street of his seasonal residence in Wellington. According to media accounts, Gates picked up vacant lots at 3128 and 3162 Mallet Hill Court in April and the home at 13715…