No slump in S. Florida apartment market The South Florida condominium market might be languishing, but according to at least one brokerage the apartment market remains robust, with low vacancies, rising rents and strong demand from both tenants and investors. Every year, Marcus & Millichap Real Estate Investment Brokerage Co. publishes the National Apartment Index, …
Category Archives: Commercial Properties
Lakeland Facility Sells for $10.4 Mil. [Central Florida]
Lakeland Facility Sells for $10.4 Mil. [Central Florida] A Houston-based real estate investment trust has acquired a piece of Lakeland Interstate Business Park for $10.4 million. Weingarten Realty Investors last week finalized its purchase of a 168,400-square-foot distribution facility at the business park, according to a press release. The building, at 2125 Interstate Drive, houses …
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Buyers Scarce, Many Condos Are for Rent
Buyers Scarce, Many Condos Are for Rent David Franco’s illuminated model of a proposed 10-story condominium tower dominates a sales center that, in spite of the “Now Selling” banner still fluttering outside, is conspicuously closed for business. “We could have waited it out and kept pushing and pushing,” Mr. Franco said about the decision to …
Developer of Carlisle has rebuilt his career [Central Florida]
Developer of Carlisle has rebuilt his career [Central Florida] Developer Steve Walsh doesn’t shy from a fight. He spent a decade battling his way out of bankruptcy and has sued opponents of his projects. That tenacity has helped his Broad Street Partners amass $1 billion worth of current and future projects in Central Florida. But …
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Kara Homes seeks $5M loan to keep operating
Kara Homes seeks $5M loan to keep operating Bankrupt builder Kara Homes Inc. wants to borrow $5 million from a hedge fund, money that the company would use to stay afloat and finish the construction of some homes that are close to completion. The loan from Plainfield Special Situations Master Fund Ltd., a hedge fund …
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How about a college education with your new condo?
How about a college education with your new condo? A slow market has developers offering everything from shopping sprees to new cars to vacations. When Karen Nisius was considering buying a new two-bedroom condominium at Toscano in Kendall, one of the deciding factors was a $5,000 shopping spree offered by the developer, Fairfield Residential. ”I …
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