At 27.5 million dollars, the sale of 5 Harborage Isle is the largest sale in Broward County Florida. Most people know this area as Ft. Lauderdale which is a city located in Broward County. S. Donald Sussman, the founder of Paloma Funds and New China Capital Management, bought 5 Harborage Isle from David Stern, who once headed Florida's largest foreclosure law practice. The Florida Bar disbarred Stern in 2014, accusing him of not supervising employees who improperly filed foreclosures... [read more]

  Kolter Group held the ground breaking for 100 Las Olas, a mixed-use tower that would be the tallest building in Fort Lauderdale. The building will rise 499 feet in 46 stories. It will have 121 condos and 238 rooms in a Hyatt Centric hotel. Condo prices start in the $800,000s to over $2 million with sizes from 1,501 to 2,964 square feet. The project at 100 E. Las Olas Blvd. will also have 8,500 square feet of restaurants and retail on the ground floor, plus separate pool decks... [read more]

  In a bustling downtown with sleek new apartments and condominiums built for well-to-do millennials and empty nesters, Jean Francois Roy is trying to appeal to a different demographic. The Canadian developer wants to build a 42-story rental along the Fort Lauderdale Riverwalk for seniors — some in need of assisted-living and memory-care services. Roy insists it would be the perfect use for the prime property at 333 N. New River Drive East, two blocks south of Las Olas... [read more]

Though the residential slowdown continues in South Florida, sellers may finally be adjusting to market conditions by lowering their prices. Residential properties sold for bigger discounts during the first quarter compared to the same period of last year in Miami Beach, continuing a trend from the fourth quarter of 2016, according to newly released reports from Douglas Elliman. And in Miami, inventory fell by nearly 20 percent. “Sellers being more connected to market... [read more]

Fort Lauderdale native Bob Swindell remembers the days when retailers and restaurant owners in downtown and the nearby beaches would shut down by 6 p.m. and stores would close up for the summer. “Things would get really quiet,” Swindell said. The only real action the neighborhood experienced was during Fort Lauderdale’s vaunted spring break era, from the late 1960s to early 1990s, when hordes of college students turned downtown and the beaches into party central. The... [read more]