The developers of Landmark South in Doral broke ground after obtained a $73.16 million construction loan. Bank of the Ozarks granted the mortgage to EHOF Congress Doral, a joint venture between Boca Raton-based Encore Housing Opportunity Fund and Boston-based the Congress Group. It recently started construction of 631 multifamily units, 60,000 square feet of retail,…
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Real estate engineering and consulting firm Miller Legg named Michael D. Kroll as president. The Fort Lauderdale-based company, which has 60 employees statewide, has worked on projects such as Florida Atlantic University Stadium, Monterra in Cooper City, Broward College Bailey Hall, the Wellington Municipal Complex, Nicklaus Children’s Hospital emergency department expansion, Memorial Hospital West, Miramar…
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• Ravi Ramnarain opened Ravi Ramnarain, CPA, LLC at 401 E. Las Olas Blvd., Suite 130-288, in Fort Lauderdale. The firm provides general taxation, bookkeeping, auditing and outsourced CFO options to individuals and businesses. • GrubHub has expanded delivery service to southeast Florida, launching local service with more than 55 restaurants. www.grubhub.com. • The Southern…
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Local midsize banks, those with between $500 million and $1 billion in total assets, collectively had a more turbulent fourth quarter than the banks based in South Florida with $1 billion or more in assets. The eight midsize banks reported $73.8 million in loan growth in the fourth quarter. That’s just over half the amount…
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Pipeline Workspaces opened a fourth shared office space site, its first in Doral’s Business District. The location features 14,000 square feet of office space at Doral Concourse, 8400 Doral Blvd. Pipeline leases space to entrepreneurs, startups, lawyers and international business executives. Doral is a hub for small businesses, especially those related to international business. Prices…
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The flood of new retail construction should put downward pressure on rents and increase vacancy rates in Miami-Dade and Broward counties, at least temporarily, says a report from Colliers International South Florida. The two counties have a combined 2.13 million square feet of retail under construction, mostly in Miami’s urban core. Ken Krasnow, executive managing…
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Transamerican Development Corp. plans to build a mixed-use building near Aventura with apartments, office space and retail. The Miami Beach-based developer, through subsidiary West Dixie Holdings LLC, filed an application with the county for Aventura Greynolds Village on Feb. 8. It would be located on the 3.05-acre site at 17990 W. Dixie Highway, just east…
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Floridian Community Bank filed an $8.45 million foreclosure and asset repossession lawsuit against a group of related agricultural companies with operations in south and central Florida. The defendant is in the business of tree farming, plant nurseries and landscaping. The Davie-based bank filed the lawsuit on Feb. 3 against Lake Nona Outdoors, Foremost Inc., Medallion…
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A 2009 photo of Miami’s skyline (Credit: Nigel Morris) As another possible sign that South Florida’s residential market is slowing, property loan originations declined considerably at the end of 2015. Property owners signed off on 35,271 loans during the final three months of 2015. That includes financing for buying a residential property, refinancing an existing…
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