The former headquarters building of Mayors jewelry in Tamarac sold for $10.25 million. Mayors Plaza at Westpoint LLC, managed by Daniel S. Mandel in Boca Raton, sold the 56,826-square-foot building at 5850 to 5870 N. Hiatus Road to International Plaza Building LLC. The Cedarhurst, New York-based buyer is managed by Richard Brock and Steven Yavers.…
DetailsWikimedia Commons From the New York website: The Federal Reserve has finally lifted interest rates from 0% and after nine years without a rate hike. The potential ramifications of the policy move are far-reaching and span various American industries, from automakers to homebuilders to investment banks. But those impacts may be disparate. Typically, rising interest rates…
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Renderings of Avva Avva Residences & Marina, a five-unit luxury waterfront condominium project in Aventura, has recently launched sales, The Real Deal has learned. With one residence per floor, each condo in the five-story building is planned to have 5,059 square feet of interior space, and 1,123 square-feet of terrace with a summer kitchen, David…
DetailsFlorida Community Bank provided a $22.72 million construction loan for the Park Place retail center in Boca Raton. The Weston-based bank (NYSE: FCB) provided the mortgage to Fairway Retail Investors, an affiliate of local developer Schmier and Fuerring Properties. It recently broke ground on a 64,054-square-foot retail center on the 16-acre site at 5500 N.…
DetailsThe Miami Airport TownePlace Suites commenced construction after Banesco USA provided a $21.13 million development loan. The Coral Gables-based bank provided the mortgage to Hotelex Airport, headed by Venezuelan national William Hammani. It acquired the 43,000-square-foot site at 4021 and 4033 N.W. 11th Street for $4.5 million in 2014. The developer recently broke ground on…
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Curated from our most popular stories of the year, here are our picks for the people, companies, trends and deals that rose to the top or fell to the bottom in 2015. WINNER: Jackson Health System The public health system took on for-profit hospital giant HCA Holdings in a high-stakes competitive application process for the…
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• The Miami-Dade Aviation Department will use Everbridge’s critical communications platform to support security, incident response and resiliency at Miami International Airport. www.miami-airport.com. • Deerfield Beach-based Park Partners Residential was awarded the management of Alta Congress at 250 Congress Park Drive in Delray Beach. www.parkpartners.com. • Monument Real Estate Services was retained to manage Palm…
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Sunny Isles Beach and Master Brokers Forum “South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics. In the first month of 2015, my Realtor said to me… As we gear up for this week’s blowout South Florida by the Numbers holiday office party, we pause…
DetailsHotels, shopping malls and offices — if it performs, investors want it. This year was marked with huge commercial sales in South Florida, with more than a few pushing past $200 million price tags. The Real Deal analyzed data from the CoStar Group and Real Capital Analytics, two information companies, to come with a list…
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