Month: September 2017

Commercial meets residential: a marketing strategy unfolds

Photo illustration by Jhila Farzaneh for The Real Deal. From left: Mauricio Umansky, Behzad Souferian, Jay Luchs, Carl Mühlstein (Credit: the Agency, JLL, LinkedIn) From TRD Los Angeles: The brokerage world was traditionally divided into two distinct tribes. Residential brokers were the aesthetes, the innovators, the people who didn’t shy away from using glamour to …

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Tampa ranks fifth among metro areas in prevalence of all-cash home purchases

Institutional investors largely have withdrawn from the Tampa market as local companies and individuals loom larger in cash sales. The Tampa area ranked fifth among U.S. metro areas in prevalence of all-cash home purchases, according to a study by ATTOM Data Solutions. In the second quarter, cash deals accounted for 43 percent of sales of …

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Related wants to build its first project in Boca Raton at Mizner Park

Mizner Park in Boca Raton Related Group offered to build a performing arts center in Boca Raton if the city allows the Miami-based company to redevelop a 15-year-old amphitheater at Mizner Park. Related wants to build 300 to 400 condos or rental apartments plus restaurants and a parking garage on a 3.6-acre site in Mizner …

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Jacksonville’s biggest hotel fetches $109.9M

The Hyatt Regency Jacksonville Riverfront hotel The biggest hotel in Jacksonville has sold for $109.9 million, or about $115,000 per room. The new owner of the 951-room Hyatt Regency Jacksonville Riverfront is Houston-based Westmont Hospitality Group, which has equity interests in 500-plus hotels on three continents. Westmont last year paid $120.5 million to acquire the …

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Naples rental complex sells for $67M in hurricane-delayed closing

The Boca Raton-based owner of a 306-unit rental complex in Naples sold it for $67 million despite a hurricane-delayed closing with amended terms. Amberton Properties LLC sold the Naples property, called Amberton Luxury Townhomes, for an average price just under $219,000 per unit. Affiliates of two Boca Raton companies, Amzak Management and Home Dynamics Corporation, …

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Publix will test curbside pickup service in the Tampa area

Publix is testing curbside grocery pickup service in the Tampa area. Lakeland-based Publix Super Markets will test curbside pickup service for customers who order online at two of its stores near Tampa. Third-party service provider Instacart already has helped Publix expand its grocery delivery service in recent years. But while customers pay a fee to …

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August sales of Naples-area homes rise along with median price

Naples August sales of Naples-area homes, median home prices and pending sales all increased from the same month last year. The Naples Area Board of Realtors reported 685 closed sales of houses and condos in August, up from 654 in August 2016. The median sale price rose to $328,000 in $320,000. Pending sales of houses …

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Treasure Coast loses another bid to stop extension of Brightline to Orlando

Brightline passenger rail service between Miami, Fort Lauderdale and West Palm Beach is expected to start by year-end. An administrative law judge Friday denied a challenge to the South Florida Water Management District’s decision to issue a permit needed to extend the planned Brightline passenger rail service from South Florida to Orlando. The judge tossed …

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New state builders association VP talks about trends, challenges in homes

​Earlier this month at its fall membership conference in Asheville, N.C., the Home Builders Association of Georgia (HBAG) installed its new officers for 2017-2018. Source: http://feeds.bizjournals.com/industry_21

40 Under 40: Aegis Living Development Manager Brian Palmore spurs community growth (Video)

Palmore, 38, oversees design coordination and implementation for half of the current Aegis communities under development. Source: http://feeds.bizjournals.com/industry_21

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