It’s been a bumpy road getting here, but shareholders of Marriott International Inc. and Starwood Hotels & Resorts Worldwide Inc. have cleared the way for a $13.3 billion merger between the two hospitality companies. Shareholders of both companies met Friday to vote on the merger, which will create the world’s largest hospitality company with more…
From Luxury Listings NYC: Tom Cruise has a new landlord: the Church of Scientology.
Cruise is reportedly moving into Saint Hill Manor, the former home of L. Ron Hubbard and right next door to the Church of Scientology’s UK headquarters, dubbed the Castle. [more]
LPL Financial ranks Florida as the 38th most desirable state for retirees. Florida has more residents age 65 and older than any other state, but on a newly released list of the best states for retirement, Florida is in the bottom tier. Money Magazine reported that LPL Financial produced a report ranking states as retirement locations based…
Igor Reyes of NBWW (via Linkedin) Miami-based architecture firm Nichols, Brosch, Wurst, Wolfe & Associates (NBWW) expanded into Latin America through a strategic alliance with a Costa Rican firm. NBWW formed a strategic alliance with Alberto Reifer & Arquitectos, a boutique firm based in San Jose, Costa Rica. The design teams’ first project together will be designing…
Ramatex International Corp. will move from Fairfield, New Jersey to Mangonia Park, where it will create 20 jobs. The Business Development Board of Palm Beach County worked with the company, which manufactures and distributes environmentally friendly garments, blankets and other textile products. It receive assistance with hiring, manufacturing tax exemptions and export assistance. The company…
A proposed mixed-use project in Aventura would include office condos, an extended stay hotel and retail space. A development group led by Bernardo Rieber and Carlos Cadet want to build the Shalev building at 2851 N.E. 213th Street. Reiber said they recently submitted the proposal to the city to rezone the vacant site. Shalev, which…
Green Street Advisors’ Commercial Property Price Index From the New York website: Citing a continuing slowdown in both transaction volume and value appreciation, Green Street Advisors’ national index of U.S. commercial property values fell slightly in March to the tune of less than one-half percent, the real estate research and advisory firm said this week.…
HSBC will move its Latin American International Center office from Coral Gables to Miami’s Brickell after signing a lease in Four Seasons Tower. The 10-year, 8,000-square-foot lease will bring the international banking giant’s space in the tower at 1441 Brickell Ave. to more than 90,000 square feet. It’s the largest tenant in the 70-story and…
Workplace hazards reach a new level with Boynton Beach-based Lakes & Wetland Management: 12-foot gators, snakes and other critters that live in the Florida waterways. The business has its rewards. While restoring and maintaining residential lakes and natural preserves, the company grew sales to $11 million in 2015 from $8 million in 2014. It has…
Banks are required to report to regulators total loans – among other finances – and to break out the loans into different categories. In South Florida, where real estate is a key industry tied to the region’s upswings and downturns, the health of real estate loans at local banks can sometimes provide a picture of…