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ADT Headquarters Building in Boca Raton Fetches $42.1M
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The office building that houses ADT’s corporate headquarters in Boca Raton, FL has sold for $42.05 million, the highest price paid for a single-asset office building so far this year in Palm Beach County and the third-highest in the past 18 months, CoStar data shows. Pebb Enterprises of Boca Raton, and Tortoise Properties LLC, an […]

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Rapper XXXTentacion dies after shooting
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//delivery.vidible.tv/jsonp/pid=5668ad07e4b0f82be105f94b/vid=5aceb1f49144755f15b4bf85/5643911267b62318603bce5a.js?m.embeded=cms_video_plugin_releases.aol.com Rapper XXXTentacion has died following a shooting in South Florida, the Broward County Sheriff’s Office confirmed. Read more…

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Cogent Communications Leases 15,000 SF in Boca Raton
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Cogent Communications, an internet service provider, signed a lease for 14,750 square feet in the office building at 5050 Conference Way N in Boca Raton, FL. The single-story office building totals 81,031 square feet in the Boca Raton North submarket of Palm Beach County. It was constructed in 1971 and renovated in 2010. Jeffrey Kelly […]

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Ex-Florida cop gets eight-year sentence for knowingly exposing woman to HIV
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//delivery.vidible.tv/jsonp/pid=56c21811e4b009d9eacb4ef9/vid=5ace90ecae6cdf1eed18c7a9/5643911267b62318603bce5a.js?m.embeded=cms_video_plugin_releases.aol.com A former police officer will spend eight years in prison for not disclosing his HIV diagnosis to his longtime girlfriend. Back in April, Ervans Saintclair was found guilty by a Palm Beach County jury of a first-degree felony charge called “uninformed HIV infected sexual intercourse,” reports the Sun-Sentinel. On Wednesday, Saintclair was sentenced to eight years […]

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PulteGroup Acquires 69 Acres in Lake Worth
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PulteGroup Inc. acquired 69 acres at 4780 Polo Rd. in Lake Worth, FL from private investors for $18.7 million, or about $271,000 per acre. The property will be used as Phase II of the Fields 920 single-family home development project. Jay Romfh with Atlantic Western Realty represented the seller. For additional information on this transaction, […]

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The most affordable travel destinations in the US – 2018 edition
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//delivery.vidible.tv/jsonp/pid=56c2155de4b064d1b7087bd6/vid=5b1f10de600c9a2e0477bc6a/5643911267b62318603bce5a.js?m.embeded=cms_video_plugin_releases.aol.com With summer starting to heat up it’s time for families to start planning their summer vacations. This can be a stressful period, especially for families whose budgets are already stretched trying to afford their mortgage and saving for retirement. But while a dream trip to a distant country may be off the table, there are […]

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Granite Telecom Pays $22.8M for West Palm Beach Office Building
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Granite Telecommunications LLC acquired the Courthouse Commons office building at 444 W. Railroad Ave. in West Palm Beach, FL from IP Capital Partners LLC and Fir Tree Partners for $22.75 million, or about $266 per square foot. The five-story, 85,668-square-foot, Class A office building delivered in 2007 in the downtown submarket. It is occupied by […]

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PEBB Enterprises Hires New Vice President
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PEBB Enterprises hired Pete Crane as a vice president of acquisitions and dispositions. Based in the firm’s Boca Raton, FL office, Crane will be underwriting, negotiating and closing new properties and assisting with the disposition strategy of client’s current assets. Crane brings more than 12 years of commercial real estate experience at the local and […]

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Open the Gates to Innovation
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For decades, the US has been the bastion of innovation and more recently, technological creativity that has fueled startup ventures. On closer examination, it’s interesting to find that a high-proportion of the ventures are credited to immigrants. A recent article on Axios.com reported that of the 87 startups worth at least $ 1 billion in […]

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Local Governments Need to Offer Affordable Housing Solutions, Developers Say
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LAS VEGAS –  Tariffs, rising labor costs and higher prices of steel and lumber were among the familiar suspects cited Friday by developers explaining why affordable housing is so difficult to build. But Frank I. Brodsky, vice chairman of The Related Cos., and Robert E. Hart, founder of TruAmerica Multifamily, said local governments also bear […]

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