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Another

Another Wynwood Building Sells for Exceptional Price
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48 NW 25th St. sold for $12.2 million, a 130 percent gain over its previous purchase price. Yet another building sold for an exceptional price in Wynwood this month. The ret

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Toronto Firm Acquires Another South Florida Shopping Center
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Northbridge Investment Management, Inc. of Toronto keeps looking to South Florida to build its commercial real estate portfolio. The firm has five assets, and three are in Palm Beach and Miami-Dade counties. Its latest acquisition was a $27.8 million deal for the Shoppes of Boynton at 2202-2298 N. Congress Ave. in Boynton Beach, FL. Charlotte, […]

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Another Big Industrial Lease Signed in Medley
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Airport North Logistics Park in Medley, FL is filling up fast. Marine Harvest USA has signed a lease for 106,000 square feet at the park, located east of NW 87th Avenue and NW 80th Street. in the Miami Airport North Industrial submarket. The seafood supplier will more than double its space when it relocates from […]

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Private Equity Firm Launching Another Multifamily Fund
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Electra America, a private equity firm for multifamily properties, is counting on another big year from the rental market with the launch of a new investment fund. The North Palm Beach, FL-based firm said it closed its 2017 fund with $212 million, and has started a 2018 fund with a goal of $300 million. Electra […]

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Starwood Property Trust Snaps Up Another Florida Affordable Housing Portfolio for $600M
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Starwood Property Trust Inc. (NYSE: STWD) has agreed to buy 28 properties with a combined 6,185 affordable housing units in Orlando, Tampa and other major Florida markets for $600 million. Starwood, the nation’s largest commercial mortgage REIT, announced the signing of a definitive agreement to acquire the institutional-quality portfolio in an off-market transaction. The 99% […]

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Stiles Starts Work on Another Luxury Rental in Downtown Ft. Lauderdale
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Rendering of new Stiles/PGIM apartment tower in Fort Lauderdale. Source: Stiles Residential Group.The Stiles real estate firm is building a second ultra-luxury apartment in downtown Fort Lauderdale, a 42-story tower designed to connect the city’s under-served Riverwalk area with the business and entertainment district along Las Olas Blvd. Stiles Residential Group and joint venture partner […]

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Publix Buys Another Florida Shopping Center
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Publix Super Markets is at it again, acquiring another Florida shopping center as part of a strategy that brokers say is designed to allow the grocery giant to control its own destiny. The Lakeland, FL-based company paid $25.45 million, or about $322 per square foot, for the Publix-anchored Lakeview Shopping Center at 1300-1440 Coral Ridge […]

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Servicing News; Fannie/Freddie News; Another Blow for Ocwen
www.mortgagenewsdaily.com

Posted To: Pipeline Press The origins of job interviews? Here you go . And speaking of employment, yesterday the commentary mentioned companies coming and going. Here in Florida, thank you to Genworth’s Karen M. for passing along Sir Richard Branson’s well-written tribute to his Virgin America brand which is being eliminated in its merger with […]

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2016 Another Banner Year for Commercial Real Estate
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For all its ups and downs, U.S. commercial real estate enjoyed another banner year in 2016, thanks in large part to the unprecedented run in multifamily rents and property values and the fact that the U.S. continues to be viewed as a ‘safe haven’ by global property investors. But it was also marked by continued […]

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Congress flirts with another government shutdown as election looms
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Congress flirts with another government shutdown as election looms With many lawmakers chomping at the bit to return home to campaign for reelection, it’s hard to believe there is any serious talk about another government shutdown. Congress is rushing to complete work on a large stop-gap spending package that would keep the government operating until […]

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