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Florida East Coast Industries Pitches Fort Lauderdale Office Tower at Brightline Station
This rendering shows the preliminary design concept for a 190,000-square-foot office building planned for the Fort Lauderdale Brightline station. Credit: Florida East Coast Industries. The parent of the Brightline commuter train service wants to build...

South Florida to Amazon: Come for the Lifestyle and Location, Not the 'Corporate Welfare'
Business development leaders in South Florida are insisting they won't be offering massive financial incentives to land Amazon's second headquarters. "We are not going to do that, and we don't think we need to," said Bob Swindell, chief executive of...

Emerging Flagler Village Neighborhood Expanding Fort Lauderdale's Urban Core
Rents at AMLI Flagler Village have increased by 22 percent in six years, according to Colliers International in South Florida. For years, the area just north of downtown Fort Lauderdale, Florida, known as Flagler Village largely was a cesspool of abandoned...

Submarkets with the Most Exceptional Class B Rent Growth in South Florida
The Centro at Davie, a Class B apartment complex in the Weston/Davie submarket, which has seen outstanding rent growth over the cycle. It’s no secret that Class B (3-Star) rent growth has outperformed Class A (4- and 5-Star) rent growth recently in South...

Metro Mall Building to Become Part of Miami's Jewelry District
An investor-developer banned from selling condominiums and co-ops in the state of New York plans to renovate the vacant Metro Mall building in downtown Miami and turn it into a gem worthy of the city’s Jewelry District. Yair Levy’s Time Century Holdings...

Multifamily Investors Are Getting Used to 'Normal'
U.S. housing construction remains low, and still trails population growth, said John Affleck, CoStar’s director of analytics. "Ongoing deliveries of highly-amenitized, high-rent product will limit rent growth at the high end of the market, but older and...

Don King KO'd His Plan for 'Mini-Madison Square Garden' in Florida, So Why Won't He Sell the Land?
Nineteen years ago this summer, boxing promoter Don King vowed in typically flamboyant fashion to turn a long-shuttered jai alai fronton in Palm Beach County, FL into a “mini-Madison Square Garden.” The 53-acre site at 1415 45th St. in the tiny town...

Is Slowing Lease Activity in Miami the Harbinger of a Weakening Market?
Two new buildings at the Centergate at Gratigny brought in more than 600,000 square feet of industrial space upon delivery in Q1 2017. Absorption of industrial space fell by 42 percent year-over-year in Miami last year, the most significant drop of the...

Kendall Office Park Trades for $13M Loss
TA Realty took a $13.25 million loss on the Kendall Summit Office Park after buying the campus in Kendall, FL near the peak of the last real estate cycle. The Boston-based firm sold the six-building property this month to CoFe Properties of Miami for...

Value-Add Rentals in South Florida Sell for $90M
A Denver-based real estate firm that already owns six multifamily properties in South Florida picked up two more, paying $90 million for the Sundance Village Apartments in Miami and the Gardens at Nova (pictured, right) in Davie, FL. Grand Peaks Properties...

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