Hialeah Gardens industrial site trades at $1M/acre, as market softens
A Hialeah Gardens industrial outdoor storage site fetched $1.2 million per acre, marking a price drop from similar properties...
Commercial Real Estate
Clear vision: Ophthalmologist buys Pompano Beach office building
An eye doctor purchased a Broward County medical office building for $8.9 million. An entity managed by Dr. Shailesh...
Xebec nabs $44M construction loan for industrial development near Miami Gardens
Xebec scored a $44 million construction loan for an industrial development near Miami Gardens. The Dallas-based firm secured financing...
Trinity and Credit Suisse to buy Hollywood’s Diplomat for $850M
Trinity Investments is teaming up with Credit Suisse Asset Management to acquire Hollywood’s Diplomat Beach Resort and adjacent properties...
Ambrose scores $27M construction loan for warehouse project in Jupiter
Ambrose Property Group nabbed a $27 million construction loan to build a spec warehouse in Jupiter. Cincinnati-based Fifth Third...
New York
What the Fed’s latest rate hike means for commercial real estate
The Federal Reserve voted to raise interest rates by 0.25 percent Wednesday, the eighth consecutive hike since last March...
Coral Rock plans mixed-income rental complex in Florida City
Coral Rock Development Group plans a mixed-income apartment complex in Florida City, marking the firm’s continued bet on south...
East End sues ex-Australian investors in Miami office tower for $2M
East End Capital claims it’s being stiffed of more than $1.8 million by its Australian investor in a downtown...
Stream Realty expands to South Florida, poaches Newmark team
Stream Realty Partners opened a downtown Fort Lauderdale office, marking the Dallas-based commercial real estate firm’s expansion to South...
National
Blackstone ramps up tenant evictions
One of the country’s biggest landlords is ramping up evictions after a long period of pandemic-related forbearance. Blackstone filed eviction lawsuits against hundreds of tenants across the nation, the Financial Times reported. Court records...