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1 Hotel South Beach is for saleJune 19, 2016

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 […]

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Home prices in Miami-Dade and Broward continue to increaseJune 3, 2016

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 […]

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Taxable properties in Palm Beach increasesJune 3, 2016

Taxable properties in Palm Beach has increased for five successive years. This level of increase had not been seen since the pinnacle of the housing boom. The tax increase indicates that the market value of homes have increased. Higher taxes could also mean that the government will have a better budget. For 2016, Florida property […]

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A restaurant in South Florida banks on EB-5 funding for expansionJune 3, 2016

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 […]

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Mixed space building to replace El Portal churchMay 5, 2016

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 […]

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