Regus, the world’s largest provider of flexible workspaces, opened a Jupiter location. The 12,500-square-foot office is in the mixed-use Harbourside Place complex at 110 Front Street. The complex includes restaurants, stores, a marina and a hotel. “Our move into Jupiter enables Regus to meet the growing interest and demand in flexible office space in the…
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Miami Skyline A chill is in the air for South Florida’s housing market, which is starting to see price growth level out after years of exploding values. The latest report from S&P Dow Jones Indices shows South Florida’s home prices rose moderately in May, though it was still one of the nation’s top 10 markets…
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Cornerstone Real Estate and Advisors and Crocker Partners sold the Esperanté office tower in downtown West Palm Beach to New York-based RedSky Capital for $125.75 million. The 20-story, 256,100-square-foot office building last traded for $71 million in late 2013. That means the price per square foot increased from 277 to $491. The deal was brokered…
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A site just west of Coral Gables could be developed into a six-story mixed-use building. Nino Ela Plaza Corp. filed the application on July 19 with Miami-Dade County staff. It concerns the 1.6-acre site at 2300 and 2320 S.W. 67th Ave., which is just north of Coral Way. It currently has a 6,604-square-foot retail building…
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Wynwood Arcade East End Capital has closed on $10.5 million in financing for the Wynwood Arcade, a former warehouse that’s been converted into a retail and restaurant development. Jonathon Yormak, managing principal of East End, told The Real Deal the loan was used to pay off construction financing and return equity. The developer completed construction…
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AHS Development will soon break ground on the Village at Crystal Lakes apartment project in Deerfield Beach after receiving a $13.5 million construction loan. Regions Bank awarded the mortgage to Village at Crystal Lakes LLC, an affiliate of Miami-based AHS Development, for the project at 3800 Crystal Lake Drive. It’s on the former clubhouse of…
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A 59-unit townhouse project has been proposed on a previously-foreclosed site in Fort Lauderdale. The city’s Development Review Committee will consider the application for the Riverside Park Townhouses on July 26. It was filed by Riverside Equity Fund, an affiliate of Miami Beach-based Private Mortgage Services led by Milton Raijman. Riverside Equity Fund foreclosed on…
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Cushman & Wakefield bolstered its newly created South Florida Multifamily Capital Investment team by recruiting Troy Ballard, a senior managing director from rival brokerage ARA Newmark. Working out of ARA Newmark’s Boca Raton office, Ballard was a lead broker on land deals representing 4,000 potential units and a development value of over $1 billion. His…
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Warehouse (Credit: Creative Commons user CTsabre14) Prologis has sold a 43-acre development site west of Miami International Airport to UPS for $31 million. Records show UPS paid about $16 a foot for the property at 13200 Northwest 17th Street, which is slated to become a distribution warehouse. The land is approved for up to 5.3 million-square-foot warehouse with up…
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