MIAMI-Finger Development Co., a Finger Cos. affiliate, plans 437 apartment units, 19,400 sf of retail and 701 parking spaces on a four-acre site on Biscayne Boulevard. Area construction estimators tell GlobeSt.com it is at least a $50 million undertaking.
CORAL GABLES, FL-The commercial real estate lender reports total loan production for the three-month period reached $423 million, up 90% over the same period in 2000.
FORT LAUDERDALE, FL-The county commission authorizes a total estimated opening bid of $1.46 million, or $13.52 per sf, for about 108,047 sf of industrial-warehouse space adjacent to Delevoe Park on the New River.
BOCA RATON, FL-But the owner-operator of luxury resorts is reporting a $20.1 million drop in first-quarter revenue, with significant drops in occupancy and revenue per available room.
MIAMI-Michael Cannon, managing director, Integra Realty Resources-AREEA/South Florida, predicts more than $100 billion in federal spending since the Sept. 11 terrorist attacks will trickle down to the general economy and eventually lead to a rally in the commercial real estate markets.
MIAMI- A new Grubb & Ellis Co. survey finds Miami-Dade is at 98%; Broward, 97.2%; and Palm Beach, 95.6%. Rents are rising at a slower pace than last year in Miami-Dade and Broward but are increasing faster in Palm Beach County.
MIAMI-Michael Cannon, managing director, Integra Realty Resources-AREEA/South Florida, predicts more than $100 billion in federal spending since the Sept. 11 terrorist attacks will trickle down to the general economy and eventually lead to a rally in the commercial real estate markets.
MIAMI- A new Grubb & Ellis Co. survey finds Miami-Dade is at 98%; Broward, 97.2%; and Palm Beach, 95.6%. Rents are rising at a slower pace than last year in Miami-Dade and Broward but are increasing faster in Palm Beach County.
SUNRISE, FL-Lennar Florida Land III Ltd., an affiliate of Miami-based LNR Property Corp., was asking $11 million or $268,293 per acre ($6.16 per sf) for the 41-acre tract just south of Sunrise Boulevard and NW 136th Avenue, across from the 1.3 million-sf Sawgrass Mills Mall, one of the largest in the Southeast. The closing price wasn't disclosed.
MIAMI- A new Grubb & Ellis Co. survey finds Miami-Dade is at 98%; Broward, 97.2%; and Palm Beach, 95.6%. Rents are rising at a slower pace than last year in Miami-Dade and Broward but are increasing faster in Palm Beach County.