Florida State Government and Public Real Estate News

CBRE arranged the sale of University Commons, a 79,998-square-foot, multi-tenant retail center located at 6702-6852 N. University Drive in Tamarac, Florida. Bar Invest Group, Inc. purchased the property for $10,700,000. The seller was University Commons, LLC, affiliated with Boca Raton-based Pebb Enterprises, which hired CBRE to market the asset for sale and negotiate the transaction
CBRE Capital Markets’ Debt & Structured Finance originated $13.75 million in financing for PointOne Holdings’ $17.8 million acquisition of Southwinds Stockbridge, a 240-unit multifamily residential community in the greater Atlanta, Georgia, metropolitan area. PointOne Holdings will rebrand the community as Southwinds Point
Franklin Street announces the sale of Wildwood Villa Apartments located at 600 Wildwood Way in Clearwater, Florida for $810,000. This sales price represents $45,000 per unit. Zachary Ames, Darron Kattan, Kevin Kelleher, and Robert Goldfinger of Franklin Street, represented both the seller, a private partnership based out of Tampa Bay and the buyer, a Canadian-based investor, during the transaction.
The Miami real estate market recorded its highest number of single-family home sales of any month in history in June and is on pace to set another all-time annual sales record, according to a new report by the 36,000-member MIAMI Association of REALTORS® (MIAMI) and the local Multiple Listing Service (MLS) system. The Miami market registered 1,390 single-family home sales in June, beating its previous record of 1,317 in June 2005
Executive Director Christopher Metzger, Executive Director Richard Etner, Jr., and Senior Director Christopher Thomson represented Saul Galinski’s MSG Dania Beach, LLC in the purchase of Bridge Development’s building. The transaction was valued at more than $22 million, or $118 per square foot.
Robert Goldfinger, Darron Kattan, Kevin Kelleher and Zachary Ames of Franklin Street represented both the seller, a private partnership based out of Tampa, and the buyer, South Tampa Apartments, LLC, an institutional real estate firm based out of Michigan, in the transaction
Florida’s housing market reported more closed sales, higher median prices and tightening inventory in June, according to the latest housing data released by Florida Realtors®. Closed sales of existing single-family homes statewide totaled 27,729 last month, up 19.6 percent over June 2014
Market conditions are heating up in Palm Beach County. According to year-over-year market statistics for June, single family home sales rose 16.2 percent from 1,636 to 1,901 transactions. Within the breakdown, we also saw noteworthy leaps, including a 35.4 percent increase in sales between $250,000 and $299,999 and a 51.8 percent increase in sales between $600,000 and $999,999
South America’s largest nation continues to be the top foreign country searching for South Florida real estate on the MIAMI Association of REALTORS® (MIAMI) website, according to new statistics from the nation’s largest local Realtor group. For the 12th consecutive month, Brazil led all global consumers using MIAMI’s search portal, Miamire.com, in May 2015.
The Lake County Solid Waste Division is encouraging Lake County residents to dispose of toxic materials in a safe and environmentally sensitive way at an upcoming Household Hazardous Waste Collection event
Program change control/management is the process of controlling and managing changes introduced in an information technology infrastructure. It ensures efficiency in service operations by standardizing procedures, aids information management by recording all changes to service assets, and promotes business benefit by minimizing the risk of disruption to the production environment
U.S. Rep. Kathy Castor announced that Tampa was selected as one of only 27 communities nationwide to participate in ConnectHOME, which promotes locally tailored solutions to help bridge the gap in digital access for working-class households by addressing the barriers they have to high-speed broadband.
The six-story, 600-space garage, located at 37 South Hogan Street, opened on July 1, 2015. The garage is adjacent to the SunTrust Tower, a building acquired for $31 million in April 2015 by a joint venture between Mainstreet Capital Partners and CarVal Investors. Mainstreet Capital Partners is a Fort Lauderdale-based real estate investment and management firm and CarVal Investors is a leading global alternative investment manager
A Miami-area real estate developer and owner of a mortgage company, his business partner and a senior mortgage underwriter each pleaded guilty to a mortgage fraud scheme involving federally insured mortgages that caused losses of $64 million to the Federal Housing Administration (FHA). Including these defendants, 25 individuals have pleaded guilty to offenses related to this scheme to date.
Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided four Freddie Mac small loans that total $6.5 million to refinance four separate multifamily properties located in Tampa, Florida.
Cushman & Wakefield today announced Todd Barfield and Melissa Moore have joined the firm's Central Florida operations. Mr. Barfield and Ms. Moore join Cushman & Wakefield from Barfield & Associates and will be operating out of Ocala, Florida.
Avison Young today announced the completion of the sale of Cypress Creek Tower, a 61,917 square-foot five-story office building at 800 West Cypress Creek Road in Ft. Lauderdale, Fla, which sold within just six weeks of being listed. Avison Young’s Michael T. Fay, Principal and Managing Director, Miami, and John K. Crotty, CCIM, Principal also with Avison Young, represented the seller, LNR, during the $6,037,500 disposition to COLE International Investments, LLC.
Avison Young unveiled the newly renovated Sunforest I, a 107,000 square-foot, three-story suburban office building located at 5130 Eisenhower Boulevard in Tampa’s Sunforest Business Park, which recently underwent a $5 million capital improvement initiative bringing the property to the highest standards of modernization.
The Florida Department of Financial Services’ Division of Insurance Fraud today announced the arrest of Cledith E. Oakley III, owner of Asset, Insurance & Mortgage Services, Inc. or AIMS in Boynton Beach, on charges of grand theft and insurance fraud after it was discovered that he stole the identity and information of his business partner in an effort to conceal commission profits made from the sale of fraudulent life insurance policies
The outside eastbound lane of East Columbus Drive is closed between North 29th and North 31st streets while the Tampa Water Department repairs a water main break. Barricades and signs are located in the area to assist with traffic flow. Please use caution when traveling in the area
Attorney General Pam Bondi Announces New Procedures Banks Must Follow to Help Distressed Homeowners Seeking Relief Under National Mortgage Settlement

~The Banks Are Implementing New Procedures to Reduce Loan Modification Delays, Improve Communication with Borrowers, and Avoid Multiple Requests for Documents~

TALLAHASSEE, FL – October 2, 2013 – (RealEstateRama) — Attorney General Pam Bondi, along with her colleagues on the National Mortgage Settlement Monitoring Committee, today announced that Bank of America and Wells Fargo have agreed to implement new procedures designed to address possible violations of the national mortgage servicing settlement. These improvements come in response to concerns expressed by Attorney General Pam Bondi earlier this year, which were based upon complaints from distressed borrowers, housing counselors, legal aid groups, and foreclosure defense lawyers that the banks were falling short of meeting the servicing standard requirements set forth in the National Mortgage Servicing Settlement. Traffic School for Florida more »

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