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More growth expected for South Florida CRE in 2018: CCIM conference

Friday Jan 19th, 2018

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2018 CCIM Commercial Real Estate Outlook Conference (Credit: Katherine Kallergis) Population growth, new jobs, and a tight residential market are fueling Florida’s commercial sectors, and that isn’t expected to change anytime soon. That’s how economist Sean Snaith summarized the current market as he kicked off the 2018 CCIM Commercial Outlook conference. One other major factor has contributed to the rising fortunes, he told the crowd at the Coral Gables Country... [read more]

A popular Real Estate tax break 1031 exchange may be wiped out.

Wednesday Jun 14th, 2017

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The 1031 exchange, a tax break used extensively in the commercial real estate industry, could disappear if a lower tax rate is passed by Congress. The tax break gives sellers of real estate and other asset types the opportunity to defer capital gains taxes by reinvesting in “like-kind” properties. But lobbyists and Capitol Hill officials working on tax legislation have told the Wall Street Journal that, even if a sweeping federal tax overhaul doesn’t go ahead this year,... [read more]

Palm Beach County to consider project with 456 units and 163,000 square feet for commercial use.

Thursday Apr 6th, 2017

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A mixed-use project in west Boca Raton would have apartments, retail, restaurants and a theater. The Palm Beach County Zoning Commission will consider the application of Glades 95th LLC, an affiliate of Deerfield Beach-based Rosemurgy Properties, Giles Capital Group and Schmier & Feurring Properties, on April 6. The company has the 38-acre agricultural site at the southwest corner of Glades Road and 95th Avenue South under contract from multiple owners. The county approved a land... [read more]

Atlantic Crossing in Delray Beach to finally move forward

Friday Apr 14th, 2017

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The city of Delray Beach and the developer of the Atlantic Crossing project have settled a $40 million lawsuit, allowing it to finally move forward. The Delray Beach City Commission unanimously approved the settlement agreement on Tuesday, which includes plans to reduce traffic near the proposed complex, the Palm Beach Post reported. Ohio-based Edwards Cos. accused the city of intentionally stalling the mixed-use project, which would include 82 luxury condos, 261 apartments, 83,000... [read more]

Developer seeks approval for commercial project in Palm Beach

Monday Apr 24th, 2017

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  K Hovnanian Homes wants to rezone part of its residential development site in Royal Palm Beach for commercial project and sell it to a local firm. The village’s Local Planning Agency will hold a meeting on April 25 to consider a comprehensive plan amendment and rezoning for the mixed-use project at 11925 Southern Blvd. It’s called Cypress Key. Hovnanian (Nasdaq: HOV) is currently building 147 townhouses on part of the 35.2-acre site. It would sell the commercial... [read more]

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