FORT LAUDERDALE, FL-This city's beachfront, which had not seen a new hotel open since 1984 when the 602-room Marriott Harbor Beach Resort was completed, is in line to gain five new properties. Sarasota developer John McDonald is involved in two of the ventures.
DELRAY BEACH, FL-This south Palm Beach County city has selected Atlantic Grove to develop a three-building complex on a 4.6-acre site that will include 72,000 sf of office/retail space and 62 townhouses.
FORT LAUDERDALE, FL-Renovations begin in October for the 12-story, 450,000-sf office asset acquired earlier this year by an affiliate of Philadelphia's Legg Mason Real Estate for $25.24 million or $56 per sf.
MIAMI-Shopping center vacancies are rising in much of Miami-Dade County and absorption is mostly down. Yet property owners continue to post higher asking rents for their empty store space.
MIAMI-The 92-restaurant Interfoods of America Inc., franchiser of Popeye's Chicken & Biscuits, has acquired another 71 outlets from RMS Family Restaurants Inc. for an undisclosed price.
WEST PALM BEACH, FL-The initial office buildings planned for the Downtown mixed-use development haven't broken ground yet but major tenants are already lining up for space.
FORT LAUDERDALE, FL-Proposals for large projects often stir local opposition for providing too little on-site parking. But the developer of two planned Downtown apartment towers is being fought for including too much parking.
PALM BEACH SHORES, FL-E.D. Holdings of Del Mar, CA has contracted to buy the Sailfish Marina and Resort on Palm Beach County's Singer Island for about $17 million, a lofty tag, according to area industry brokers. A group headed by Alex Dreyfoos is the seller.
FORT LAUDERDALE-A growing number of South Florida industrial property owners are setting their leasing sights and priorities on high-tech space-users rather than conventional warehouse and distribution center tenants, according to a new report.
MIAMI-This city's airport, recently rated by passengers as one of the country's worst, will be completely overhauled by 2007 in the most expensive single construction project ever undertaken in Florida. The work is under way.