Keyes grows Wellington market share with latest acquisition

Wednesday Sep 20th, 2017


The Keyes Company is continuing its acquisition spending spree. The brokerage just closed on the purchase of Realty Elite The Palm Beaches in Wellington, following a string of deals over the past two years. Realty Elite, founded by David Lopez in 2007, closed on $92 million in sales volume in 2016, according to a press release. It adds 64 agents to Keyes. In recent months, Keyes has closed on the acquisition of Jupiter-based Bluffs Real Estate and Investment Properties, and two South... [read more]

Palm Beach offices sell for $1,242 per square foot

Monday May 8th, 2017


  An office building in Palm Beach that previously housed a branch of TD Bank sold for $7.35 million. A company controlled by Regine Taulsen, wife of former town councilman Bill Diamond, sold the vacant office building for $1,242 per square foot. Located at 380 South County Road, the building has slightly less than 6,000 square feet. Traulsen had had owned the building through Traulsen Realty LLC since 2010, when it changed ownership at a recorded price of $6 million. The... [read more]

Property tax resolution passes Legislature; it may take effect in 2019

Tuesday May 2nd, 2017


  A joint resolution proposing to increase the state homestead exemption passed the Senate and the House in the Florida Legislature on Monday. House Joint Resolution 7105 has to go before voters in next year's election and get enough votes to amend the Florida Constitution. House Joint Resolution 7105 proposes to increase the exemption on the assessed value greater than $50,000 and up to $100,000. Right now, property owners can claim $25,000 in homestead exemption. That means... [read more]

Luxury equestrian estate in Wellington sells for $13M

Monday Apr 3rd, 2017


Victory Equestrian Sports sold the 5.63-acre property at 3674 Grand Prix Farms Drive to an entity called the Candy Trust for 12.75 million dollars The Grand Prix Village is one of many equestrian lifestyle neighborhoods in Wellington. The property has a 15,930-square-foot building that’s mostly a barn. It has 20 horse stables and an Equi spa and water treadmill (both for horses). For human occupants, the property has 2,240-square-feet of living quarters with two bedrooms, two... [read more]

SunTrust: South Florida businesses are confident about local economy and expect growth

Thursday Mar 23rd, 2017


Nearly 90 percent of South Florida's small- to mid-sized business feel confident about the overall strength of their companies, according to SunTrust's annual Business Pulse Survey released this week. The survey, in which more than 500 small and mid-sized business participated, shows that South Florida's small businesses are overall bullish on growth and the local economy. The findings come as nationally nearly two-thirds of business leaders expect the global and U.S.... [read more]