CORAL SPRINGS, FL-The Miami real estate firm is increasing its seven million-sf management portfolio with the addition of a 78,000-sf, 96%-leased shopping center in Coral Springs, Broward County.
WEST PALM BEACH-Ocwen Financial Corp. is selling its three remaining San Francisco office buildings for a total $210 million. The firm wins servicing rights package on $700 million worth of subprime mortgages.
FORT MYERS, FL-The Richard E. Jacobs Group of Cleveland feels it is receiving less than traditional Southern hospitality in planning a 1.8 million sf, estimated $30 million regional shopping center in this west Florida city, about 120 miles northwest of Miami.
MIAMI-Countywide, absorption remains strong but new construction and softening Latin American economies pushed the 42 million-sf Airport West submarket to a a negative six-month net absorption total of 452,370 sf while raising the vacancy rate to 12.1% from 10.1%.
RIVIERA BEACH,FL-Continuing its comeback as an industrial center, this community near the Port of Palm Beach is experiencing sharply climbing property prices.
MIAMI-Local class A office rents may be up, but at an average $29.60 psf, they're still a bargain compared with rates in other large metro markets, a new CB Richard Ellis Inc. study notes.
MIAMI-The hotel chain will build a $140 million, 402-unit, 539,602 sf complex in Aventura, Dade County. MGG and Realplan are going ahead with a $30 million assisted-living facility in Miramar, Broward County.
NORTH MIAMI BEACH, FL-Equity One has a new vice president of property management--Barbara Miller, the REIT's former district property manager for six years.
CORAL GABLES, FL-Codina Group's property management division has picked up one new assignment and renewed two others, increasing its portfolio to 14 million sf in 42 properties.
VERO BEACH, FL---When baseball's Dodgers left Brooklyn in the 1950s and moved to Los Angeles, they kept their spring training facility in South Florida. A newly-arranged deal is keeping Dem Bums there.<p>