In The News

Boca Raton board approves Penn-Florida’s plans for assisted living facility downtown

Published Wednesday, July 26, 2017
The Boca Raton Planning and Zoning Board approved a plan for an upscale, 193-unit assisted living facility to be developed by Penn-Florida Companies in downtown Boca Raton. The Royal Palm Assisted Living Facility will be developed on a 1-acre site at 375 East Royal Palm Road, one block south of Palmetto Park Road. It will mark the first ALF for

Fort Lauderdale Riverfront redevelopment to break ground

Published Thursday, July 20, 2017
Property Markets Group will begin the redevelopment of part of Las Olas Riverfront in Fort Lauderdale after securing a $153.9 million construction loan. Called Fort Lauderdale Riverfront, the 2.38-acre site at 300 S.W. 1st Ave. was approved for 1,214 units, 40,000 square feet of retail and 1,944 parking spaces. The first phase starting construction soon

Delray will get Whole Foods’ first 365 store in Florida

Published Monday, July 10, 2017
Whole Foods’ 365 store in Los Angeles (Credit John Verive | Los Angeles Times) Whole Foods Market Inc. will open its first 365 grocery store in Florida in early 2019 at a shopping center in Delray Beach. The Whole Foods 365 store will anchor the Delray Plaza shopping center at 660 West Linton Boulevard in Delray Beach, located about halfway between

The next Wynwood? Allapattah is Miami’s new hot ’hood

Published Wednesday, July 5, 2017
What the new Rubell Family Collection museum, which is moving to Allapattah from Wynwood, will look like on the inside. Lyle Stern had his “aha” moment on a quiet Saturday afternoon last year when he visited Miami’s Allapattah neighborhood with his 11-year-old daughter. Stern, the president of Koniver Stern Group — a leading retail

Trader Joe’s-anchored retail center in Fort Lauderdale sells for $49M

Published Monday, June 26, 2017
The 1600 Commons shopping center in Fort Lauderdale, which is anchored by Trader Joe’s, sold for $49.2 million. HEP1600 LLC, managed by Jeffrey T. Halvorsen in Boca Raton, sold the 65,338-square-foot retail center at 1520 and 1550 N. Federal Highway to GA 1600 Commons LLC, an affiliate of Atlanta-based PGIM Real Estate, part of Prudential Real Estate

Atlantic Commercial Group Completes Building Sale in Boca Raton

Published Friday, June 23, 2017
Delray Beach, FL – Gary Broidis, Principal of Delray Beach-based Atlantic Commercial Group, Inc. recently completed the $1,500,000 sale of Harbour Plaza, a retail center located on Federal Highway in Boca Raton. Located approx. one (1) mile north of Yamato Road, this property provided a unique opportunity for the buyers to purchase a property on the

Atlantic Commercial Group Represents FASTSIGNS in Tamarac

Published Monday, June 19, 2017
Delray Beach, FL – Robert Geller, Managing Director of Delray Beach-based Atlantic Commercial Group, Inc. has represented Fastsigns of Sunrise/Tamarac, a franchisee of Fastsigns International Inc., specializing in the manufacturing and installation of custom and graphic signs, in connection with their lease for new retail space. Fastsigns of

With cheap wine and bare-bones stores, German discount grocers Aldi and Lidl are coming for Publix shoppers

Published Monday, June 19, 2017
Two German discount grocers planning massive expansions in the U.S. in the coming years will cut into Publix Super Markets Inc.'s market share by winning over millennial and Generation Z shoppers. Aldi and Lidl, which are fierce competitors in Germany, are both limited-assortment grocers that sell mostly private label goods. Their stores offer the upscale
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.