Miami

GlobeSt.com chats with Miami attorney Steven D. Weber with Weber Law about what landlords can do to proactively protect their properties and prevent some tenants from breaking their leases.

The new Orlando office is expected to begin operations this summer. Foy joins Passco as an investment manager and most recently served as a senior regional manager with Greystar.

The project will feature dining, restaurant and entertainment space, along with a corporate office campus, a hotel and residential space.

The deal calls for ILG shareholders to receive $14.75 in cash and 0.165 shares of Marriott Vacations Worldwide common stock for each ILG share. The transaction is expected to close sometime during the second half of this year.

Cavache Properties, based in Pompano Beach, FL, reports that prior to securing the construction loan, Roberts Equities LLC of Boca Raton, FL invested $6 million of equity into the project.

Single-family home sales in Miami-Fort Lauderdale-West Palm Beach fell 7.6% as compared to March 2017 but the region's median single-family home price rose 7.4% to $350,000.

The Bradley, located at 51 Northwest 26th St., will include 175 micro studio, one- and two-bedroom units ranging from 480 square feet to 1,000 square feet and will also feature approximately 32,000 square feet of commercial space.

The financing, which fully capitalizes the 59-unit project, was provided by New York City-based Madison Capital. Construction is underway, with the foundation nearly complete.