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Hurricane Florence Damage to North Carolina Development Seen as Short-Lived, Based on Past Storms
Buildings, roads and even playgrounds were flooded in Fayetteville, North Carolina, after Hurricane Florence. Photo credit: Paul Owers, CoStar Group When Hurricane Florence slammed into Wilmington, North Carolina, almost 1 million square feet of commercial...

Record-High Cape Fear River Floods Fayetteville, North Carolina, After Hurricane Florence
The Cape Fear River crested at a record high in Fayetteville, North Carolina, causing flooding in the area. Credit: CoStar Group Inc. The Cape Fear River, the largest waterway in Fayetteville, North Carolina, crested at an historic high, causing major...

Fayetteville, North Carolina, Evacuates Downtown Ahead of Potentially Catastrophic Flooding
A small plaza submerged under several feet of water marked the start of flooding Tuesday in the aftermath of Hurricane Florence. Photo credit: Paul Owers, CoStar Group On the edge of downtown Fayetteville, North Carolina, the flooding from Hurricane...

Miami-Area Developers Use Condominium Terminations to Deal With Land Shortage
Una Residences, a proposed 47-story tower with 137 condos at 175 SE 25th Rd. in Miami. Modest or shabby condominiums in downtown Miami and across the surrounding region are proving to be ripe for redevelopment as builders try to cope with South Florida...

Luxury Condo Glut Forms in Downtown Miami, Suburbs
Credit: Paul Owers for CoStar Group. Downtown Miami isn’t the only area in Miami-Dade County saturated with luxury condominiums, a sign buyers may be seizing control of the softening market. Sunny Isles Beach, an upscale suburb in the northeastern...

Residential On the Way at Signature Development Near Miami
Construction is due to start this month on the first residences at Dania Pointe, one of the largest mixed-use developments under way in metropolitan Miami. The first 264 of 600 apartments at Avery Dania Pointe will likely start leasing late next year...

Sears to Sell Three Florida Stores, Distribution Center
The Sears store in Daytona Beach, Florida, is one of three being listed for sale. Sears Holdings is unloading 2.35 million square feet of real estate across Florida, including the state's largest industrial building, as the struggling national retail...

Downsizing SunTrust Extends Lease on Miami's Signature Brickell Avenue
SunTrust Bank has at least another decade at 777 Brickell Ave., but in a smaller space as the bank is planning a major downsize in the Miami office tower it has anchored since the building opened in 1978. The bank extended its lease for 10 years beginning...

Spec Office Building Proposed for Western Fort Lauderdale Suburb
Rendering of 1700 Metropica Way in Sunrise, Florida. The developer of a $1.5 billion mixed-used project in South Florida is about to test the market for speculative office space in a southwestern suburb of Fort Lauderdale. Metropica Development...

Affordable Rental Community Coming to Southern Miami-Dade County
Rendering of the 123-unit Caribbean Village in Miami. An affordable housing rental for seniors is under construction 15 miles south of downtown Miami, the first project of its kind in the South Miami Heights neighborhood in a quarter century, the developer...

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