Weston-based Florida Community Bank has hired David Lukes as senior vice president, commercial real estate manager. Lukes comes from competitor City National Bank of Florida, where he was managing senior vice president. Based out of Palm Beach County, the Boca Raton resident is charged with expanding the commercial real estate team and continuing the growth…
A stretch of property in Miami’s Wynwood Art District sold for $22 million, a 633 percent gain from its last trade 17 months ago. The 26,764-square-foot building on a 49,000-square-foot lot at 201 N.W. 21st Street and 210 N.W. 22nd Street was listed about a month ago by Metro 1 Commercial’s Tony Cho and Tony…
An extra day in February helped the Palm Beach County commercial market ink 200 leases during the month at an average rent of $17.42 per square foot. The Real Deal analyzed data from the CoStar group to come up with a snapshot of the county’s leasing activity for February. Check out all the stats below:
Jamie Dimon (credit: Dudek1337 via Wikipedia) From the New York website: JPMorgan Chase is dipping back into the mortgage-backed securities market in the banking giant’s first “house transaction” since the financial crisis. JPMorgan is expected to price a new residential mortgage-backed securities deal, which would pass along most of the credit risk on $1.9 billion…
Clockwise from left: a rendering of Vistablue, a model kitchen, and the construction site A South Carolina-based developer is testing the waters in Rivera Beach’s Singer Island with VistaBlue, a new boutique condo project. A majority of buyers already own homes on the island, Stan Gilhool, principal of Third Palm Capital, told The Real Deal. “Three out of…
A self-storage complex could be developed near West Palm Beach for the Public Storage REIT. Comac Waterford LLC will go before the county commission on March 24 with a zoning proposal for the site at 1905 N. Jog Road, just south of Okeechobee Blvd. It would be allow a 3-story, 128,139-square-foot self-storage facility on a…
Clockwise from top left: San Francisco, Paris, Jersey City and Tokyo From the New York March issue: Airbnb’s worldwide reach is unquestionable. The short-term rental company operates in more than 34,000 markets across the globe. But not all cities treat it the same way. Some, like New York and San Francisco, have fought Airbnb head on, setting significant limits…
The Marriott Marquis Miami Worldcenter will have 100 fewer rooms than originally planned, but would still be South Florida’s largest hotel by room count once it opens. MDM Development recently redesigned the $750 million hotel project to include 1,700 rooms across two towers. The original plan was to build 1,800 hotel rooms in a single…
Riviera Beach could award a private company the management contract for the docks at its marina, where the city is promoting a $375 million redevelopment project. The deal for Jupiter-based Seven Kings Management to oversee 111 boat slips and 2,000 feet of dockage will go before the city commission on March 16. At the same…
Voters in the City of Miami on Tuesday approved Riverside Wharf, a $30 million project along the Miami River. MV Real Estate Holdings, led by Alex Mantecon and Guillermo Vadell, won approval to lease a quarter-acre of property at 236 and 298 S.W. North River Drive from the city. They plan to build a 58,000-square-foot…