Regalia Beach Developers are giving a new meaning to the phrase “beach house.” A two-story unit at the Sunny Isles Beach tower hit the market for $35 million, making it the most expensive listing currently in the city. The 17,015-square-foot unit takes up the entire third and fourth floors of Regalia, a 39-story condominium tower at 19505 Collins…
The Equal Employment Opportunity Commission has weighed in on the controversy over who can use what bathroom. In a fact sheet issued Monday, the EEOC reminded employers that denying an employee equal access to a common restroom that corresponds to their gender identity is sex discrimination in it’s eyes. This right cannot be conditioned on…
Earth (Credit: NASA) It might be tumultuous times for many Latin American countries, but a new survey shows real estate investors there are sensing opportunity. The survey, sent out by brokerage CBRE, found that 81 percent of Latin American investors who responded plan on buying more properties than selling during 2016. That percentage is even…
Fourteen years after being closed and largely abandoned, a hospital building in Miami Gardens is slated for foreclosure auction. The 11-story former Parkway West Medical Center at 17300 N.W. Seventh Ave. has been an eyesore for motorists along the Golden Glades for years with its broken windows, overgrown plants and graffiti-covered walls. It’s been in…
Crescent Heights obtained a $34 million construction loan for a Miami Beach project that’ll be anchored by a Baptist Health South Florida outpatient center. PNC Bank (NYSE: PNC) awarded the mortgage to Alton Road Development, an affiliate of Miami Beach-based Crescent Heights. It’ll fund the 122,000-square-foot project with 175 parking spaces at 709 Alton Road.…
The Webster Business Park in Miami traded for $16.6 million. Webster Business Park LLC, an affiliate of Boston-based TA Realty, sold the 178,521-square-foot industrial property at 7200 N.W. 25th Street to Cofe Cix Webster Park LLC, an affiliate of Miami-based commercial real estate firm Cofe Properties. Miami Lakes-based BankUnited provided an $11.1 million mortgage to…
From left to right: Moderator and Downtown Development Authority Executive Director Alyce Robertson, Tony Cho, Raymond Fort, Andrew Frey and Jon Paul Perez. Miami’s urban core markets generated $1.2 billion in retail property sales last year, with more than half of the total occurring in Brickell, downtown and Wynwood, according to a recent commercial real…
• Boynton Beach-based Forman Capital LLC has formed a strategic partnership with Canada-based Trez Capital Group LP. Trez Forman Capital Group LP will primarily provide clients bridge, mezzanine and senior financing. www.formancap.com. • Pedego Electric Bikes opened a store at 777 E. Atlantic Ave, Suite C7 in Delray Beach. (561) 501-7633 or www.pedegoelectricbikes.com. • The…
Orchard Supply Hardware has nailed down four locations in Broward County as it begins expanding into Florida. Founded in California in 1931, Orchard Supply was acquired by Lowe’s Cos. in 2013. With locations from 35,000 to 40,000 square feet, it fits a niche between the big-box stores and small neighborhood hardware stores, Orchard Supply President…