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Newmark to Acquire Retail Brokerage RKF, Aims to Create 'Top Ranked Retail Company Nationally'
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RKF Retail Holdings’ namesake Robert K. Futterman will join Newmark as chairman of a new retail leasing division called Newmark RKF. Image credit: RKF Retail Holdings In a move to expand its retail services platform in New York City and across the country, Newmark Group, Inc. has agreed to acquire RKF Retail Holdings, LLC, an […]

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Knowledge Doubling
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As Generation Z, born after 1997 and now 21 years old, threw their hats in the air and into the ring in graduation ceremonies this May, managing a multi-generational workforce takes on a new twist. This is the first generation to graduate realizing they will never leave school. Forbes’ Joseph Coughlin explained, “Buckminster Fuller coined […]

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Lord of Life Ministries Leases 31,000 SF
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Lord of Life Ministries leased 31,000 square feet in the retail property at 6111 S. Pointe Blvd. in Fort Myers, FL. The 31,000-square-foot, freestanding retail building was constructed in 1983 on 5.8 acres in the S. Ft. Myers / San Carlos submarket. South Point Shoppes LLC acquired the facility in March 2016 from Faith Fellowship […]

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RK Centers Purchases Beachway Plaza & The Shoppes at Western Woods
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RK Centers acquired the Beachway Plaza at 402 E. Dania Beach Blvd. in Dania Beach, FL and The Shoppes at Western at 8140 – 8170 W. McNab Rd. in North Lauderdale, FL from EDENS, Inc. for $26.85 million, or about $248 per square foot. Beachway Plaza is a single-story, 60,376-square-foot shopping center built in 2002 […]

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Apparel Distributor Becomes First Tenant at Pompano Beach Business Park
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TSF Sportswear LLC has signed a full-building lease for 172,927 square feet at Bridge Point Powerline Road in Pompano Beach, FL, becoming the first tenant in the new three-building business park. The 467,832-square-foot complex at 1951 N. Powerline Rd. is expected to be complete in the third quarter of 2019. TSF, a wholesale apparel distributor, […]

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Who Will Bankroll the $4B American Dream Miami?
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American Dream Miami will rise in northwestern Miami-Dade County, with the first phase expected to open in 2023. Credit: Triple Five Worldwide Now that American Dream Miami has the blessing of county commissioners, the question becomes: How will the developer pay for the $4 billion behemoth? Triple Five Worldwide officials are revealing little about financing […]

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Boca Raton Office Under Contract for $24M
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Less than three years ago, Mainstreet Capital Partners and Davis Cos. paid $28.3 million for two office properties and vacant land in Boca Raton, FL, according to CoStar data. See CoStar COMPS #3464497.Now the firms stand to recoup most of that money by selling just one of the assets – a five-story office building at […]

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Cookie Monster
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Wall Street M&A and mega-deals are back—billions and billions of dollars’ worth of them. Happy Days are here again! In the fray is Mondelez, with its $6.7-billion revenue line of products like Oreos, Ritz Crackers and other Baby Boomer favorites. The transaction actually marked my favorite deal so far this year. The company is acquiring […]

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April Delinquencies Improve Despite Historic Pattern
www.mortgagenewsdaily.com

Posted To: MND NewsWire Loan performance continued to improve in April, even though Black Knight says mortgage delinquencies have a historic pattern of increasing during that month. The overall delinquency rate declined 1.6 percent from March to a national rate of 3.67 percent. That rate is down by 10.17 percent from the previous April. Black […]

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Q&A: NAI Chairman and South Florida Broker Neil Merin on Bubbies, Bubbas and Brightline
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Neil Merin, chairman ofNAI / Merin Hunter Codman, Inc. In the 1970s, Neil Merin was making $160 a week running a production line for a toy manufacturer in the Northeast when he quit to move to Palm Beach County for a property manager position that paid 10 percent more. The new gig would be short-lived. […]

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