A 70-acre site on Lantana Road has long been considered “prime” because of its size and proximity to I-95. [more]
The $15 million sale still hasn't closedJuly 28, 2014 05:15PM
That figure has doubled from last year, new data showsJuly 28, 2014 04:30PM
With housing on an upswing, Broward County developers are planning more than 4,000 coastal condo units, new data shows. [more]
The proceeds will benefit five affordable housing projectsJuly 28, 2014 03:45PM
The semi-autonomous agency, whose mission is to fight blight, will consider issuing the financial obligations as early as Wednesday, according to the Daily Business Review. [more]Since June, four Broward workers have died on the jobJuly 28, 2014 03:00PM
A recent bout of workplace fatalities in Broward County spurred Miami-based construction industry group Safety Alliance For Excellence into action.
Since last month, at least six people have died in work-related accidents in Broward, four of which were construction workers. In response, the Safety Alliance For Excellence plans to meet with federal officials next month to discuss ways to improve workplace safety, according to the Sun-Sentinel. [more]
Condos planned for Pompano Beach site acquired for $10.5 million, Wynwood mixed-use tower moves forward after rezoning … and moreJuly 28, 2014 02:15PM
Condos planned for Pompano Beach site acquired for $10.5M. Wynwood mixed-use tower moves forward after rezoning. Palm Beach County has nearly 3,000 units in development pipeline. Read those stories and more after the jump.Substantial new development could make 3.9 percent quarterly rate short-lived, howeverJuly 28, 2014 01:30PM
Miami retail vacancies are at an all-time low as the market enters “a new era” with luxury retailers branching out beyond Bal Harbour, a new report from CBRE shows.
The market’s vacancy rate dropped to 3.9 percent during the second quarter of 2014, down from 4.1 percent at the end of the second quarter of 2013. CBRE considers 3.9 percent to be a record for the overall market. The rate could eventually climb, however, as nearly 1.9 million square feet of retail space was under construction at the end of the second quarter. [more]Oscar Barbara's Luxcom begins Mosaic at Venetian Parc developmentJuly 28, 2014 12:45PM
Developer Luxcom began construction of the Mosaic at Venetian Parc residential community in southern Miami-Dade County.
Oscar Barbara’s firm is building 301 single-family residences and townhomes at the Southwest 176th Street and 152nd Avenue site, according to Monday’s written statement released by a project spokesperson. The community’s homes have 20 different potential floorplans and three architectural styles: Contemporary, Island Colonial and Mediterranean. Townhome prices start from the $200,000s, while single-family residences start from the $300,000s. [more]Doron Valero's Global Fund Investments makes third pricey deal of this summerJuly 28, 2014 12:00PM
Doron Valero’s Global Fund Investments is having a busy summer buying and selling South Florida retail properties.
In the Sunrise-based company’s latest transaction, it sold the Publix-anchored Sunshine Plaza in Tamarac for $28.5 million, according to Broward County records. The sale was recorded on Monday. Valero-managed GMM Sunshine paid $15 million for the nearly 246,000-square-foot shopping center in July 2011. [more]Company tied to Boston-based TA Associates Realty is the buyerJuly 28, 2014 11:15AM
A company tied to Boston-based TA Associates Realty picked up a pair of downtown Fort Lauderdale office towers for more than $66 million.
Realty Associates Fund X acquired the 200 East Broward Boulevard and 203 Southeast First Street buildings in a transaction recorded on Friday, according to Broward County records. No financing was recorded. Including parking garages, TA added nearly 550,000 square feet to its South Florida portfolio. [more]City leaders introduce plan to streamline approval process for projectsJuly 28, 2014 10:30AM
Boca Raton leaders are devising a plan to help the city shed its reputation for being extremely slow to approve developments, particularly when dealing with proposed downtown projects.
City officials and members of the Downtown Boca Raton Advisory Committee introduced a plan for streamlined development reviews last week. If adopted, the plan would eliminate as much as 10 weeks of reviews by getting rid of some steps for larger developments and expediting smaller projects. Proponents say that in addition to saving developers substantial money, the faster review process would get tax revenue into the city’s coffers much sooner. [more]« Previous Next »