Florida
Boca Offices Sold at Discount
Prime US REIT has unloaded One Town Center in Boca Raton, Florida, for $82 million, a considerable loss. The company… Read more
St. Pete Developer Seeks Zoning for 371-Unit Rental Community
Paradise Ventures hopes the city of St. Petersburg will approve a rezoning request to tear down two office buildings and… Read more
Peak Construction Continues Expansion, Moves Into FL
Peak Construction Corporation has received its General Contractor’s license in the state of Florida, marking another move in the company’s… Read more
Host Hotels Pays $265M for 1 Hotel Central Park
An affiliate of Host Hotels & Resorts Inc. has acquired 1 Hotel Central Park in Midtown Manhattan for $265 million,… Read more
Commercial Real Estate is . . . People
When seeking out the best commercial real estate opportunities, investors examine many factors. These include pro formas, supply, market and… Read more
Mirage Set to Vanish Off the Strip
The guest rooms are empty, the doors are closed and the bulldozers are on their way. The Mirage Hotel is… Read more
Residential Rents Post 11th Consecutive Monthly Decline
Rents for residential units fell again in June, with especially large declines in the South, where there’s been an influx… Read more
NexPoint DST Offering Adds Two Kissimmee Industrial Properties
NexPoint launched the NexPoint Small Bay II DST, a Delaware statutory trust (“DST”) offering comprised of two Small Bay industrial properties in… Read more
320-Unit Affordable Miami Housing Project Tops Out
A joint venture between Housing Trust Group and Elite Equity Development has topped out. Naranja Grand Community, a two-phase, $115… Read more
Davis Cos. Raises Its Largest Fund to Date in Challenging Environment
The Davis Companies said Wednesday it had expanded its capital base by more than $977.1 million amid the real estate fund management industry’s most… Read more
MIA Okays $400M Cargo Handling Expansion
The Miami-Dade Board of County Commissioners approved a minimum of $400 million in private investment to construct a four-story cargo facility at Miami… Read more
Investor Takes Hit on Plantation Apartment Sale
In 2014, Nuveen paid $52 million for a 197-unit rental community in Plantation. The company recently sold the asset to… Read more
Cushman & Wakefield Arranges Deal for Chicago’s First Padel Location
Cushman & Wakefield has secured a 30,000-square-foot building at 219 N. Paulina St. for Padel Chicago LLC, which will house… Read more
Wendover Building Kissimmee Transit-Oriented Housing Project
Wendover Housing Partners is constructing the $38 million Weston 4 Hundred housing project at 500 Spencer St. in Kissimmee. The… Read more
W. Palm Beach Flex Property Sells at 3X Gain
Avison Young’s Florida Capital Markets Group completed the $10.95 million sale, a small bay warehouse/flex asset spanning three buildings and… Read more
39-Story Wynwood Tower Approved
Hidrock Properties and Robert Finvarb Cos. plan to build a 39-story tower on the 0.55-acre site at 2534 N. Miami… Read more
Developer Group Given Go-Ahead for N. Miami 11-Story Apartments/Retail
NOMI Holdings Group 2 LLC has been granted North Miami’s approval to build an 11-story, 103-foot tall tower with 90… Read more
Inland Private Capital Closes Sale of 296-Unit Florida MF
Inland Private Capital Corporation (IPC), an Oak Brook-based real estate investment manager, closed the sale of Brantley Pines, a multifamily… Read more
Thompson Thrift Building Apartments at Former Outlet Mall
St. Augustine Outlets, like numerous malls throughout the US, closed during Covid. Mall owners had to figure out what to… Read more