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Former Miami procurement director arrested on corruption charges
Miami Beach’s former procurement director Gus Lopez has been arrested on corruption charges, according to the Miami Herald. Lopez is accused of taking tens of thousands of dollars in payoffs from a...
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Related launches new office tower in WPB
Related is set to launch a 12-story office tower in an existing building at the entrance to downtown West Palm Beach, the Palm Beach Post reported. The tower will be known as the Gateway Tower at...
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MedSpace opens shared health workspace at Boca’s Fountains Center
MedSpace Practice Solutions has opened a 2,100-square-foot space at Fountains Center in Boca Raton. The company, which provides furnished medical office suites with flex leases, was represented by Ayal...
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Brenner adds Barnette Diggs
Brenner Real Estate Group has named Barnette Diggs as a new commercial associate, according to Brenner President Scott Brenner. The company, which is based in Fort Lauderdale, also has an office in...
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Carlisle to light facade at Overtown’s new Beacon affordable housing complex
Affordable housing developer Carlisle will be lighting the ceremonial “Beacon” above the eponymous affordable housing project in Overtown, the first such site in the area in more than a decade. The...
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Evidence puts QE3 in positive light, for now
Fears of market distortion inflicted by the Federal Reserve’s third round of quantitative easing are being soothed by solid performances in the housing market, Bloomberg reported. Home prices have...
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Miami Beach H&M reveals November 8 opening date
The H&M flagship that will occupy the former Lincoln Theatre in Miami Beach will open November 8, according to the Miami Herald. The 35,000-square-foot building, which was constructed in 1935 by...
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Largest ship in Port Everglades history docks, signaling the wave of...
The massive 1,095-foot MSC Texas arrived at Berth 32 at Port Everglades early Monday morning, portending the wave of big cargo vessels soon to come to Miami, the Sun Sentinel reported. The MSC Texas...
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Ocwen, Fortress compete for ResCap’s $200 billion servicing portfolio
Ocwen Financial and Fortress Investment Group have emerged as the leading bidders in an auction for bankrupt Residential Capital’s $200 billion mortgage servicing portfolio scheduled for today, the New...
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South Florida Residential Inventory
Compiled by Condo Vultures Realty using the South Florida Shared Multiple Listing Service. Active listings are properties where no current sale contract exists; pending sales are properties in which a...
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Wellington to see 90 new golf-centric homes
The ownership group of Binks Forest Golf Club in Wellington will develop 90 new homes on the property, it announced today, according to the South Florida Business Journal. The group, which includes...
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Today’s priciest new listing
Today’s priciest new listing is a six-bedroom, six-bathroom, 4,309-square-foot single-family home that is asking $5.2 million, according to Condo Vultures. The fully-furnished house, which is located...
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SF residential construction up 90 percent: report
Residential construction contracts in Miami have risen 90 percent for the year to date, according to a report released Tuesday by McGraw-Hill Construction. There have been a total of $2.4 billion in...
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Palmetto Bay Village Hall receives LEED Platinum Certification from U.S....
The Village of Palmetto Bay’s Village Hall, a combination police station, emergency operations center and administrative complex, has received LEED Platinum certification, according to a release from...
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South Beach rental activity falls as rents rise
Continuing a Miami-area trend, rental activity is seeing a decline in South Beach due largely to increasing rental rates, according to a report from Condo Vultures. Activity fell 3 percent in the third...
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Naples’ BNA Apartments sells for just under $1M
The BNA Apartments in Tampa has sold for $946,000, according to Marcus & Millichap, which brokered the transaction. The 24-unit property is located at 4619-4711 Alladin Lane and 4615-4715 Verity...
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Vapiano debuts at 1221 Brickell
Vapiano, a self-service Italian restaurant, has opened a location at 1221 Brickell Avenue in Miami, according to Eater. The restaurant, which has two stories, has indoor and outdoor space. It is the...
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Architecture Billings Index ticks up; multi-family sector remains robust
Billings at architecture firms across the nation increased last month at their fastest pace since late 2010, according to the American Institute of Architects’ September Architecture Billings Index,...
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U.S. Attorney alleges Bank of America defrauded Fannie and Freddie
The U.S. Attorney for the Southern District of New York is suing Bank of America for $1 billion — alleging that the bank defrauded Fannie Mae and Freddie Mac. The suit alleges that Countrywide...
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WPB sees four hotel proposals for city hall site
As West Palm Beach prepares to sell its old city hall building, the city has received four proposals to turn the waterfront property into a downtown hotel, the Palm Beach Post reported. Three of the...
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