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DDR scores $18M loan for retail center in Palm Beach Gardens

Friday Jun 30th, 2017

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An affiliate of the publicly traded real estate investment trust DDR Corp. just took out an $18.1 million mortgage on a Palm Beach Gardens shopping center called Northlake Commons. Property records show DDR’s DDRM Northlake Commons LLC closed on the financing from Morgan Stanley and Citigroup Global Markets Realty Corp. Tenants include Arby’s, Five Below, Home Depot, Jo-Ann Fabric and Craft Stores, Ross, Starbucks and Taco Bell. It has four spaces available that range from... [read more]

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

Thursday Mar 23rd, 2017

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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]

Boynton Beach to consider proposal for apartments, retail and hotel on Federal Highway

Monday Mar 20th, 2017

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  Boynton Beach officials will consider plans for the mixed-use Ocean One project along Federal Highway/U.S. 1. Ocean One Boynton LLC, an affiliate of Washington, D.C.-based Washington Real Estate Partners, wants to rezone the 3.63-acre site at 114 N. Federal Highway to allow 358 apartments, 12,075 square feet of commercial/retail, a 120-room hotel and 439 parking spaces. The property runs along the highway from Boynton Beach Boulevard to Ocean Avenue. It is not along the water,... [read more]

When should a Property Owner hire a property management company

Monday Mar 20th, 2017

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  One of the biggest decisions you'll make as a landlord is whether you should hire a property management company. Many landlords manage properties on their own or with the help of an employee, such as a resident manager. However, sometimes landlords need more help, and that's when a property management company might make sense. Property management companies can be a huge asset to your business, but they don't come cheap. There are other reasons why you might not want... [read more]

Former American Express office in Broward could be redeveloped as mixed use development

Monday Mar 13th, 2017

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  The former American Express office building in Plantation could be redeveloped into a mixed-use project called Plantation Midtown Square. The financial firm moved into a $200 million operations center in Sunrise in January, leaving the 650,211-square-foot building at 777 American Express Way mostly empty. On March 14, the Plantation Review Committee will consider plans to rezone the 25-acre site for 598 apartments, 11,540 square feet of restaurants, and 10,000 square feet of... [read more]

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