News about properties and real estate
Captiva resort damaged by Charley may get new owner Talks are under way for the sale of Captiva’s South Seas Resort. The New York-based Blackstone Group is negotiating to buy a group of Florida resorts from MeriStar Hospitality Corp., according to local real estate expert Frank D’Alessandro. That includes South Seas Resort & Yacht Harbour, …
Continue reading “Captiva resort damaged by Charley may get new owner”
Gentrification Arrives at a Crossroads in Yorkville – New York Times The intersection of Lexington Avenue and 86th Street is arguably the crossroads of the Upper East Side of Manhattan, a transportation hub within easy walking distance of some of the costliest real estate in the city. Yet for decades it has resisted gentrification. On …
Continue reading “Gentrification Arrives at a Crossroads in Yorkville”
Work could begin this summer on Arcadia Mills | Pensacola Florida Work could begin as early as this summer on the first phase of Arcadia Mills, a new development just north of Pace that its creators envision will be the “crown jewel” of Santa Rosa County. Officials with Atlanta-based The Eagle Group eventually want to …
Continue reading “Work could begin this summer on Arcadia Mills | Pensacola Florida”
More S. Florida office buildings being converted to condos As the conversion of apartments to condominiums continues at a frenetic pace in South Florida, a new trend is on the horizon that looks to be just as popular with local developers. Now, office buildings are being sought out by developers planning to convert them to …
Renters at 360-apartment Naples complex ordered to move out Add this number to Collier County’s affordable housing nightmare: 360 apartments on the border of Golden Gate Estates and North Naples will be off the market within three months. Owners contend the apartment complex isn’t going condo, but this week renters in 360 Bermuda Island units …
Continue reading “Renters at 360-apartment Naples complex ordered to move out”
Rents increasing as office, industrial space remains scarce around S. Florida Office and industrial space will remain scarce across South Florida this year, leading to higher rental rates and giving landlords even more leverage than they have now, two leading real estate brokers say. “I think people who have historically signed three- to five-year leases …
Continue reading “Rents increasing as office, industrial space remains scarce around S. Florida”