In The News

Redevelopment proposal in Broward city calls for pet lodge and self-storage

Published Tuesday, September 19, 2017
The site of a closed veterinary hospital in Coconut Creek could be redeveloped into a pet lodge and self-storage facility. On the evening of Sept. 12, the city’s Planning and Zoning Board is scheduled to consider the site plan application by Leder Hillsboro Co. for the 7.62-acre property at 4171 and 4181 W. Hillsboro Blvd. It’s between Lyons

Perfumania will close three Florida stores

Published Wednesday, September 6, 2017
Fragrance retailer Perfumania Holdings Inc. filed for Chapter 11 bankruptcy and announced plans to close 65 of its 226 stores across the nation, including three in Florida. A company spokeswoman told the Sun-Sentinel that Perfumania will close a store at the Dadeland Mall in Miami and two others in Vero Beach and Orlando. Bellport, New York-based Perfumania

Kimco aims to redevelop Palm Beach Gardens retail into apartments, wellness center

Published Monday, August 28, 2017
In the latest chapter in the trend of reimaging old shopping centers to meet new consumer habits, Kimco Realty Corp. wants to redevelop a Palm Beach Gardens retail complex into a health and wellness facility including apartments. Traditional retail has faced major headwinds from online competition and shifting brand preferences. As a national retail owner,

Palm Beach Maritime Academy in Lantana sells for $7.2M

Published Wednesday, August 23, 2017
Aventura-based firm ESJ Capital Partners, which invests in charter schools nationwide, just added another Florida charter school to its portfolio. Records show ESJ Capital purchased a 38,588-square-foot elementary school at 1518 West Lantana Road called Palm Beach Maritime Academy. The trade breaks down to about $187 per square foot. The property is the

Office Depot buys Boca Raton HQ for $132M

Published Tuesday, August 15, 2017
Office Depot may be closing dozens of stores, but it’s holding onto its Boca Raton headquarters building. The office supply retailer (NYSE: ODP) paid $132.05 million to acquire its offices at 6600 N. Military Trail from EQC Operating Trust, a subsidiary of Chicago-based Equity Commonwealth (NYSE: EQC). The building totals 1,071,048 square feet, with

Atlantic Commercial Group Appointed Exclusive Leasing Agent for Midtown Delray Beach

Published Friday, August 11, 2017
Delray Beach, FL – Delray Beach based Atlantic Commercial Group, Inc. announced that it has been awarded the exclusive leasing assignment for the Midtown Delray Beach development. Located on the southwest corner of Atlantic Avenue & Swinton Avenue in Downtown Delray Beach, this mixed use development will be built on approx. 7 acres of land.

Keith Corporation rolls out first tenants for Delray Square redevelopment

Published Monday, August 7, 2017
Rendering of the redeveloped Delray Square Delray Square, built in the 1970s, is about to get a major facelift. The Keith Corporation is planning a redevelopment of the shopping center at 4771 West Atlantic Avenue and has just announced its initial lineup of new retailers. Pet Supermarket, Chipotle and Chik-fil-A will all be opening at the development,

Job growth propels South Florida’s multifamily market

Published Monday, July 31, 2017
South Florida’s employment expansion helped to drive strong demand for rental housing and big-ticket sales of apartment properties in the second quarter. Eleven South Florida multifamily housing properties sold from April through June at prices above $49 million the Daily Business Review reported. Their combined value was $940 million, the newspaper
Recent News

Five Guys Coming to Miami Beach's Lincoln Road

Larger footprint to help chain handle beach traffic, Broker says.

Office Depot purchases its headquarters building in Boca Raton for $132 million

“We are thrilled that we could acquire our corporate headquarters in Boca Raton as it demonstrates our commitment to South Florida,” said Gerry Smith, CEO

Simon Sues Seritage Over Closed Sears At Florida Mall

The owner of the Town Center at Boca Raton filed suit last week against the owner of a now-closed Sears department store, arguing that the mall should be allowed to take over the space.