A Panama-based bank wants to foreclosure on 17 Farm Stores retail locations and vacant sites throughout Florida. Metrobank S.A. filed a foreclosure lawsuit in Miami-Dade County Circuit Court on March 15 against Welo Realty, formerly known as F.S. Stores. It concerns a mortgage last modified for $6.46 million on Dec. 26, 2015. The loan was…
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Codina Partners has selected Publix as the sole supermarket for Downtown Doral, a 120-acre mixed-use development being built at N.W. 87th Avenue and N.W. 53rd Street. The Lakeland-based brand will be the project’s only supermarket, the Coral Gables-based developer says. Publix at Downtown Doral is expected to start construction September and is set for completion…
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Miami’s Arts & Entertainment District Even five years into a recovery from the pits of the housing market crash, the South Florida residential market is still well below the heights it hit during the previous peak, a new report shows. Since 2011, home prices have shot upward, at times by double-digit percentages, but the tri-county…
DetailsRendering of Downtown Doral’s retail portion and Armando Codina Codina Partners has unveiled Publix Super Markets as its one-and-only grocer tenant for the upcoming Downtown Doral mixed-use project. Construction of the supermarket and its dedicated parking is expected to begin in September and wrap up in December 2017. The store will be a relative latecomer…
DetailsWeston-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…
DetailsA 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…
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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…
DetailsClockwise 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…
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