South Beach’s National gets new owner The National Hotel changes hands, but don’t expect any rooms to go condo, a source says. But remodeling is planned. A French real estate investor has purchased South Beach’s National Hotel for an undisclosed sum, offering a glimpse of the lodging sector’s increasing popularity at the expense of condominium …
Category Archives: Commercial Properties
Diversification secret to success in property investment
Diversification secret to success in property investment It was late November in 2005, and Dan and his wife saw what they thought would make a good holiday gift to themselves within a year or so. They picked out a condo they liked, that seemed like it would return a handsome profit in short order. After …
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Club owner looks way beyond the beach [South Florida]
Club owner looks way beyond the beach [South Florida] Nikki Beach has embarked on a major expansion into branded hotels and casinos, real estate and even a cruise ship. Think Nikki Beach, and dance-until-dawn night clubs, champagne sprays on the sand and four-poster beds by the pool come to mind. Now Nikki Beach owner Jack …
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Ready to Buy a Business Property?
Ready to Buy a Business Property? While residential real estate slows, the commercial market remains fairly healthy. Is now the time to buy? Some entrepreneurs are content to rent space for their businesses year after year, but others have been anxiously watching the residential housing market, hoping for an opportunity to take their commercial lease …
Cost of renting commercial space in S. Florida creeps up toward New York rates [South Florida]
Cost of renting commercial space in S. Florida creeps up toward New York rates [South Florida] When Jim Cahlin looks at commercial real estate in South Florida, he’s starting to see New York. “We’re getting closer and closer to rental rates in major metropolitan markets,” said Cahlin, a broker for Cushman & Wakefield. At year-end …
Ritz owner: Toss damages
Ritz owner: Toss damages Attorneys for the owner of the Ritz-Carlton, Sarasota, and home builder Taylor Woodrow Inc. are asking a judge to toss out the $34 million in punitive damages the pair were hit with in November. Capping an eight-hour hearing Tuesday, attorneys for C. Robert Buford and Taylor Woodrow requested that Circuit Court …