Problems in commercial real estate are making themselves clearer and clearer, according to CB Richard Ellis. Palm Beach County’s office vacancy rose in the second quarter, up from 23.8 percent in the first quarter and 18.1 percent in the same period a year ago, CBRE reported. Vacancy was 8 percent in 2005. Industrial rents also declined to $7.41 a square foot, down from $7.53 a square foot in the first quarter.
|Miami investors score EB-5 funding for charter school in south Miami-Dade|
|Missoni Baia, Paseo Miami and Coconut Grove Playhouse submit new plans|
|Investment firm tied to Sol Goldman buys Manalapan mansion|
|Red light camera millionaire buys two bayfront Belle Meade homes|
Joint venture scoops up office complex