Florida State Government and Public Real Estate News

Florida-based WRB Enterprises to develop Clarendon solar photovoltaic facility $47 million OPIC loan catalyzes private sector support for White House Caribbean Energy Security Initiative
CapasGroup Realty Advisors, an investment sales organization specializing in the marketing and disposition of investment properties, announced today the $2.95 million sale of a 34,812 square foot, 100 percent leased office-flex building located at 1700 NW 65th Avenue within the Plantation Technology Park in Plantation, Fla. Brad Capas, President of CapasGroup, represented the seller, Recom Plantation, LLC, a Miami-based private investment entity, during the sale to Beachway Apartments, Inc
Matilde Sorensen of Dale Sorensen Real Estate, Inc. was named one of America’s top real estate professionals by REAL Trends, as advertised in The Wall Street Journal. She is now a member of The Thousand Top Real Estate Professionals, a prestigious national awards ranking sponsored annually by the two respected publications. Sorensen is now ranked in the top one half of 1 percent of the more than 1,100,000 REALTORS® nationwide. The Thousand real estate professionals was announced on June 26, 2015, with four separate categories honoring the top 250 residential agents and agent teams for excellence in
Buying Miami pre-construction condos has a number of perks. More people and investors are learning that they can purchase new construction projects and at lower prices by investing in the early phases of the plan, otherwise known as off-plan. Sterling Luxury Real Estate is collaborating with top-tier developers of Miami pre-construction condos that offer the finest in luxury amenities and waterfront developments from sunny Miami Florida to the tropical getaway of Sunny Isles
Miami’s luxury properties saw a significant year-over-year rise in median sales prices in the first quarter of 2015, according to the MIAMI Association of REALTORS® (MIAMI), the nation’s largest Realtor group with 36,000 members. Single-family homes priced at $1 million or above had a median sales price of $1.7 million in the 2015 first quarter, a 6.25 percent increase from $1.6 million in the 2014 first quarter. Luxury condos also had a median sales price of $1.7 million in the first quarter of 2015, a 13.3 percent spike from $1.5 million in the 2014 first quarter
Demand in South Florida’s commercial real estate market is producing low vacancy rates and a number of major developments in an array of sectors, according to local experts at the third annual Miami Association of REALTORS® Commercial Alliance Midyear Update that took place recently in Coral Gables. Five of South Florida’s top real estate professionals discussed Miami’s booming retail market as well as local developments in the multifamily, capital markets, industrial, and office sectors in an event presented by the MIAMI Association of REALTORS, the nation’s largest Realtor group with 36,000 members.
CBRE arranged the sale of Delray Commons, a 68,292-square-foot, multi-tenant retail center located at 5020-5080 Atlantic Avenue in Delray Beach, Florida. Mall 5020 LLC purchased the property for $10,750,000. The seller was Delray Commons, LLC, affiliated with Boca Raton-based Pebb Enterprises, which hired CBRE to market the asset for sale and negotiate the transaction.
Three new boat slips along with a kayak/paddle board launch have opened at Water Works Park in historic Tampa Heights just in time for the Independence Day holiday this weekend.
The Florida Department of Business and Professional Regulation (DBPR) announced the conclusion of a sting operation that identified unlicensed contractors in the Jacksonville area. Working together with the Jacksonville Sheriff’s Office (JSO) and the Florida Department of Financial Services – Division of Workers’ Compensation, DBPR investigators identified eight unlicensed contractors who were allegedly advertising for contracting services, such as electrical, plumbing or roofing, which require a Florida license
The Lake County Board of County Commissioners will hear the county manager’s budget summary presentation for fiscal year 2016, which includes certified property values and constitutional budgets, at 9 a.m. on Tuesday, July 7.
Cushman & Wakefield announced today that it has opened its eighth location in the state of Florida. The office, which will house seven Valuation & Advisory professionals and two support staff, is located in the Royal Palm I building at 819 South Federal Highway in Stuart, Florida
Gulf Coast International Properties is proud to announce the sale of 2809 Tarflower Way in Estuary at Grey Oaks for $1,825,000. Scott Pearson represented the buyer. Perfectly positioned on an oversized lot, this home offers exceptional lake views. A pillared entry with distinguished Mahogany and beveled glass doors, leads to the central living area with designer flooring, large windows and spectacular views.
Many families across Florida and the nation will spend the Fourth of July holiday away from home, soaking up sun on the state’s beautiful beaches, traveling to see relatives or visiting friends for a backyard barbecue
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. The County’s Household Hazardous Waste Mobile Unit will be on site from 9 a.m. – noon on Thursday, July 2 at the Central Solid Waste Facility Collection Center, located at 13130 County Landfill Road, Tavares.
Today, Whitaker Realty and Todd Kirkpatrick closed on the ultra luxury property at 923 Hillsboro Mile. Located in a high-end neighborhood tucked between the ocean and the Intracoastal Waterway, this 92,000 SF property boasts the highest ever price tag for a single buildable lot on Hillsboro Mile.
The Florida Division of Insurance Fraud today announced the arrest of Dr. Troy Godsey and Renata Berriel Deazevedo for their roles in a scheme to defraud multiple insurance companies of more than $100,000
Ms. Townsend joined the Florida Investor Services Project Management Group in 2012 as a Project Coordinator in Orlando before transferring to Cushman & Wakefield’s Tampa office in 2014. In this role, she developed and maintained project budgets and timelines, assisted brokers with business development needs, conducted building evaluations, contracted consultants and construction teams, and managed client relocation.
With over a third of its office space considered “green,” Tampa Bay ranked 17th out of 30 markets on the 2015 Green Building Adoption Index, a joint project of CBRE Group, Inc. and Maastricht University. The Tampa Bay market made the largest leap in the survey this year, moving into 17th position, up from 22nd.
For the purposes of this report, “green” office space is defined as holding either an EPA ENERGY STAR label, U.S. Green Building Council (USGBC) full-building LEED certification or both. Using square feet as a measure, 41.6% of Miami’s office market is “green” – well above the national average of 38.7%. Moreover, Miami ranked particularly well in terms of number of buildings considered green – over 17%. By square feet, 21.84% of Miami’s office market has a LEED certification, and over a third of the office market is ENERGY STAR rated.
David Olalde of Easton represented the buyer, 7640 Carlyle Associates, LLC, who paid $3,470,000 for the property.The buyer is a private investor from New York City that owns about 250 residential units in the metropolitan 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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