NORTH MIAMI BEACH, FL-A local provider of communications infrastructures has a letter of intent from Rockville, MD-based Federal Realty Investment Trust to wire at least 40 of the REIT's shopping centers.
WEST PALM BEACH, FL-Cincinnati-based developer is reportedly approaching property owners on buying existing buildings along Clematis and Datura streets in the heart of West Palm Beach, as well as land once proposed for a downtown arena. But landowners and the developer aren't talking.
BOYNTON BEACH, FL-The North Wilkesboro, NC-based home improvement chain has broken ground on an estimated 150,000-sf, $9 million super-center on a 15-acre site in Boynton Beach, Palm Beach County, about 60 miles north of Downtown Miami. The site is across the street from an existing two-building Home Depot location. A spring opening is planned.
BOCA RATON, FL-If they are all built, this south Palm Beach County city's downtown area would gain three mixed-use developments totaling 347,350 sf and 459 apartment units. The estimated hard cost construction value of the apartments alone is $70 million.
MIAMI-As the office market tightens and some dot.coms fold, landlords are becoming more selective, asking for longer-term leases, larger security deposits and even letters of credit.
MIAMI-ESA Florida of Spartanburg, S.C. pays Coolidge-South Market Equities of Scarsdale, N.Y. $4.42 million for a 1.55-acre site planned for a six-story Extended Stay America Hotel. The land price equates to $65.46 psf.
FORT LAUDERDALE, FL-South Florida's building boom may bear part of the blame for an increase in fatal accidents at area construction sites as heavy demand for personnel and a tight labor market impact worker training.
WEST PALM BEACH, FL-The October opening of the $550 million CityPlace in this city's downtown will also launch the rollout of six urban mixed-use developments created by developers Stephen M. Ross and Kenneth A. Himmel.
MIAMI-Swire Properties has 75% stake in the super-luxury asset. Mandarin Hotel Group of Hong Kong holds a 25% interest. Estimated construction cost: $303,951 per room.