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Cleveland-based Paladar Latin Kitchen & Rum Bar heads to Gulfstream
The Village at Gulfstream Park will soon be home to Cleveland-based Paladar Latin Kitchen & Rum Bar, according to Miami.com. The company, headed by Andy Himmel, is taking a space opposite Yard...
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Boca-based Learning Experience plans 10 new locations in Palm Beach County
Richard Weissman’s The Learning Experience, a chain of educational centers for children, plans to add 10 locations in Palm Beach County, the Palm Beach Post reported. Of those, two are set to open in...
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Miami’s Latin Q Tower taken in deed-in-lieu
David Arditi’s Cardinal Development has seized the Latin Q Tower in downtown Miami, the South Florida Business Journal reported. Arditi had purchased the loan on the property last year from Banco...
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Palm Beach Outlets plan set for vote
The proposed Palm Beach Outlets plan in West Palm Beach, which would create between 80 and 100 outlets in a new retail center near I-95 and Palm Beach Lakes Boulevard, is set for a vote tonight, the...
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Stronger leasing, positive absorption driving PBC industrial market
An improved business environment has led Palm Beach County’s industrial market to see a one-percentage-point drop in vacancy in the last year, according to a report from Cushman & Wakefield....
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Fort Lauderdale marina declares bankruptcy
The Fort Lauderdale BoatClub has filed for Chapter 11 banruptcy, declaring $13.5 million in assets and $10.3 million in liabilities. The move came after a failed investment at the Fort Lauderdale...
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New York’s Brother Jimmy’s set to officially open in Brickell, with NFL help
New York-based barbecue joint Brother Jimmy’s will soon officially open in Brickell through a collaboration between former Miami Hurricanes players and current NFL football players DJ Williams, Jon...
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As foreigners drive condo market, one developer looks to Floridian buyers
Foreign buyers have largely been the saviors of South Florida’s luxury real estate market, but Lon Tabatchnick, the developer of Boca Raton’s 200 East and Hollywood’s Positano Beach, is looking for...
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Riviera Beach rental complex sells for $42M
The Woodbine Apartments multi-family complex in Riviera Beach has sold for $42.1 million to Canada-based REIT Morguard North American Residential, the South Florida Business Journal reported. The...
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Today’s priciest new listing
Today’s priciest new listing is a four-bedroom, four-bathroom, 7,107-square-foot condo in the Setai Resort and Residences that is asking $36 million, according to Condo Vultures. The oceanfront condo,...
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Cushman tapped by EastGroup to lease 700,000-square-foot Broward portfolio
Cushman & Wakefield has been named the exclusive leasing agent for a combination of six listings owned by EastGroup Properties that total 706,714 square feet. The listings are spread across 16...
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Miami hotel market heats up
Miami saw growth across all facets of the hotel sector in June, according to a report from STR. Miami’s occupancy rate rose 2.6 percent to 72.6 percent, while its average daily rate jumped 8.3 percent...
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CitiMortgage program would let foreclosed homeowners pay rent to keep homes
A pilot program by CitiMortgage would give foreclosed homeowners pay rent to stay in their homes, according to the Sun Sentinel. The plan, which is reportedly being considered by several banks, would...
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Hyatt Place opens in Delray Beach
The Hyatt Place hotel has officially opened in Delray Beach, the first such property to open in the county since 2009, the Sun Sentinel reported. The 134-room hotel, which is owned by the West Palm...
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Craigslist rental scams continue in South Florida
False rental schemes are once again rearing their ugly head in South Florida, the Palm Beach Post reported. According to a Boynton Beach homeowner, a home he sought to list for rent for $1,600 had...
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Mortgage lending is increasingly profitable, despite record-low rates
One would stand to reason that lenders’ profits are shriveling as mortgage rates continue to hover near record lows. But according to the New York Times, big banks have actually increased their profits...
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Trouble looms, even as U.S. foreclosures fall
Foreclosures decreased year-over-year for the 22nd consecutive month in July, but the housing market isn’t out in the clear just yet. While filings — which include default notices, scheduled auctions...
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Russian grocery chain Okey Dokey expands in SF
The Russian grocery chain Okey Dokey will open its first U.S. location in Miami in September, as a part of its $500 million American expansion, the Sun Sentinel reported. The stores are being developed...
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Today’s priciest new listing
Today’s priciest new listing eight-bedrooms, nine-bathrooms, 14,063-square-foot single-family home that is asking $10.9, according to Condo Vultures. The waterfront home, which is located at 11180...
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