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Level the Playing Field
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In 2016, New York and Massachusetts enacted laws banning employers operating within their states from compelling job seekers to disclose their salary history. Since then, dozens of cities and states have enacted similar legislation. Now, corporations such as Amazon, Bank of America and Wells Fargo, to name a few, are following those laws to the […]

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Fort Lauderdale Tops South Florida Submarkets for Multifamily Sales
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The mid-2017 sale of Amaray Las Olas (pictured, above) helped Fort Lauderdale surpass Miami in total number of multifamily sales. Even though sales volume for multifamily properties reached its height in 2016, quite a few multifamily assets are still trading in the South Florida region. In fact, the number of individual deals actually went up […]

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Hines Eyes Amazon for Downtown Miami Office Tower
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Credit: Miami Worldcenter The Hines real estate firm plans to build a 47-story, multi-tenant office tower in downtown Miami, unless retail behemoth Amazon swoops in to make it single-tenant. Michael Harrison, a senior managing director for Houston-based Hines, said on T

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Webstaurant Leases 11,000 SF at Woodland Corporate Center in Northwest Tampa
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Webstaurant, a restaurant supply store, signed a six-year, 11,452-square-foot office lease within the Woodland Corporate Center in Tampa, FL. Slated to take occupancy this June, the tenant will be joining Women’s Care of Florida in Building J, which was built in 1998 and totals 30,850 square feet. Building J is one of 24 buildings located […]

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Goldilocks Job
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Best Jobs Report in 17 Years – How Low Can Unemployment Go? – Jobless Rate Falls Below 4% For First Time Since Late 2000. Headlines were glowing as employers added a total of 164,000 jobs in April and have created on average 200,000 jobs a month this year, up from last year’s average gain of […]

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Passco Bolsters Southeast Presence with New Office in Orlando
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Passco Cos., an Irvine, CA-based real estate investment firm, is strengthening its Southeast presence with the addition of an Orlando, FL office. In part of its expansion, Brooks Foy was tapped to lead the firm’s new office. In addition to growing the company, Larry Sullivan, president of Passco, noted that the Passco decided to open […]

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Israeli Investor Acquires The Wymore for $17.9 Million
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ROI Capital Group acquired the 200-unit The Wymore apartment complex in Altamonte Springs, FL for $17.9 million, or about $90,000 per unit. The Israel-based investor purchased the 16-building community from locally-based Cross Florida Management Corp., which had owned the property since 1991. The Wymore was built in 1973 and offers a mix of one-, two […]

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Shopping and Entertainment Mecca in South Florida Nearing Final Approvals
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American Dream Miami in northwest Miami-Dade County will feature 3.5 million square feet of retail space and 1.5 million square feet of destination entertainment.Credit: Triple Five Worldwide As South Florida awaits

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Developer Secures $75M Construction Financing for Industrial Park
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Bridge Development Partners LLC obtained a $75 million construction loan to build a massive industrial business park in Miami Gardens, FL. At full build-out, Bridge Point Commerce Center will consist of 2.1 million square feet on 186 acres at 3900 NW 215th St. Fronting Florida’s Turnpike, the site is equidistant to the two major airports […]

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Bridge Investment Snags Plantation at Walden Lake for $35.7 Million
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Bridge Investment Group, a national multifamily and office investor, acquired the 352-unit Plantation at Walden Lake apartment complex in Plant City, FL for $35.7 million, or roughly $101,000 per unit. The Sandy, UT-based investor acquired the 23-building community from Mercury Investment Co., which originally acquired the property in March 2014 for $23 million, according to […]

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