Lennar Homes acquired the long-stalled Silver Palms Southwest project in southern Miami-Dade County for $10.3 million. Madeira Investors, managed by Juan Carlos Rodriguez in St. Augustine, sold the 106 home lots at the southwest corner of Southwest 240th Street and Southwest 117th Avenue to Lennar Homes, an affiliate of Miami-based Lennar Corp. (NYSE: LEN). The property was platted into home lots in 2007, but no construction took place as the recession set in. The property... [read more]

Low interest rates, strong job growth and a dearth of construction have combined to create a prolific market for office building investments in South Florida over the past five years. But some real estate analysts predict the frenzy will fade in 2017, derailed by economics and a sense of inevitability. Since the commercial sector started to rebound in 2012, institutional investors have made close to 300 deals for “Class A” office buildings in Palm Beach, Broward and... [read more]

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]

  Forty-three states added construction jobs year-over-year in February, with Florida leading the pack, according to an analysis by the Associated General Contractors of America of Labor Department data.   Florida added 34,700 jobs, a 7.5% increase year-over-year in February, followed by California (16,500 jobs, 2.2%); Texas (14,200 jobs, 2%); and Louisiana (13,500 jobs, 9.6%). Rhode Island added the highest percentage of new construction jobs during the past year... [read more]

United Airlines today said it will implement 10 changes to its operational rules. The changes are being made in the wake of the forcible eviction of David Dao from United Express Flight 3411 on April 9. The specific changes and their expected implementation date are listed below:   United will limit use of law enforcement to safety and security issues only. (Implemented on April 12) United will not require customers already seated on the plane to give up their seats... [read more]