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Last 2012, when the Florida housing market was just starting to recover, Grand Birch LLC acquired nearly an acre of property located at North Birch Road in Fort Lauderdale for only $2.45 million. The initial plan was to construct Privage, an 11 story condominium with a nice view of the ocean and the Intracoastal Waterway. […]
SunTrust Banks Inc.’s SunTrust Center was acquired by Steelbridge Capital for $86.5 million. The 270,000 square foot office complex is located at 501 and 515 E. Las Olas Blvd. in downtown Fort Lauderdale. The complex has a 17 story office tower as well as a 3 story annex. Florida property management mentioned that although SunTrust […]
According to Miami Property Management, Fortune International Group and Château Group has broken ground on a new project at Collins Avenue. The ground breaking of the 52-story Ritz-Carlton residential tower was attended by Sunny Isles Beach Mayor George Scholl, Commissioner Jennifer Levin, Commissioner Dana Goldman, Commissioner Sergio Grosskopf of Château Group and lastly by Jeff […]
Florida property management reported that 1 Hotel South Beach is being marketed for sale. 1 Hotel is a LEED-certified hotel and development which opened last year at 2341 Collins Avenue. The hotel was part of a joint venture between Sternlicht’s Starwood Capital Group and LeFrak. The 426 keys hotel includes 3 Tom Colicchio-branded restaurants, four […]
South Florida home prices continue to appreciate in both Broward and Miami-Dade counties. In Miami- Dade, the average sales price for existing single-family homes for this April is $285,000. It is 9.5% more expensive compared to April 2015. The average price for single-family homes for April 2015 was $260,000. Miami property management stated that although […]