South Florida local restaurant Tap 42, just sealed the S4.5 million EB-5 loan last week. Tapco Restaurant Group, which owns Tap 43 Craft Beer Bar & Kitchen has stores in Boca Raton, Fort Lauderdale and will open Coral Gables gastropub at 301 Giralda Avenue. Roger Bernstein, the co-founder of a South Florida based regional EB-5 center called American Life Investments is responsible for financing...
The 2-acre Rader Memorial United Methodist Church at 205 NE 87th St. was purchased by Group 10 Capital Management last February for $3.2 million. Developers Seth Gadinsky and Sam Soriero intend to convert the former Methodist church and elementary school to an affordable mixed use building. They guarantee that the rent will still be affordable and be able to suit the needs of all kinds of tenants from...
According to Miami property management, South Miami commissioners and staff are currently negotiating the price for the City Hall. Some residents however are reluctant to part with their City Hall. Steven Alexander, the City Manager mentioned that over the past two years, several different entities have expressed their interest in the property. Oxford Group Holdings offered for $30 million for the...
Cushman & Wakefield reported that both Palm Beach and Miami-Dade Counties are included in the top 10 nationwide in demand for office space and rent growth for the first quarter of 2016. From January until March, Miami-Dade County ranked second and consumed 907,000 square feet for office space, just behind Metro Denver’s 909, 000 square feet. Miami-Dade ranked 6th place overall with an 11.8% rental rate...
Florida property management believe that the likelihood that South Florida homes will depreciate is narrow. Reports from Arch Mortgage Insurance Co. show that in a span of 3 years, the chances that Palm Beach County homes will have lower market values is only 3%. Both Broward and Miami-Dade counties as well as 22 other areas located in Florida have a 2% chance of price depreciation. The Arch risk index...
Developers and mall operators are planning to renovate and develop open-air shopping centers all over South Florida. Although the timing appears to be strange, due to the economic crisis in China, Europe and Latin America, experts believe that Miami’s market is strong and will be able to withstand the fears of oversaturation when the projects are completed. Although the luxury condo market has cooled...
Turyap, the pioneer Turkish real estate firm has opened its first franchise in Miami. Turyap Miami Realty LLC is open for business and is located at Dupont Building at 169 Easter Flagler St. Hilal Borque who originally hailed from Turkey opened the first franchise in the United States. Borque is an insurance claims professional who worked part time at Global Luxury Realty before earning her real estate...
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