Florida State Government and Public Real Estate News

~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. ALLRMC.COM more »

Traffic School for Florida

TAVARES – October 23, 2014 – (RealEstateRama) — Cheryl Howell, Lake County Housing Services Manager, was recently given the Michael D. Smith Timex Award at the Florida Community Development Association’s Annual Conference for her dedication to improving access to housing, economic opportunities and public services. more »

Fort Lauderdale, FL – October 16, 2014 – (RealEstateRama) — CBRE arranged leases for four premier retail tenants at The Manor@Flagler Village, developer Related Group’s new mixed-use development at 525 North Federal Highway in Fort Lauderdale, FL, which will feature 382 apartment units and 22,476 square feet of street-level retail. more »

MIAMI, FL – October 10, 2014 – (RealEstateRama) — Over the last two days, Congressman Joe Garcia hosted senior leaders from the Federal Emergency Management Association (FEMA) in his district for a discussion on the future of the the National Flood Insurance Program (NFIP) in Florida, and the implementation of H.R. 3370 – the Homeowners Flood Insurance Affordability Act. In total, three meetings were held across Miami-Dade and Monroe Counties, where various elected officials, industry representatives, business associations, watchdog organizations, and concerned and active citizens were in attendance. more »

Altis at Coconut Creek is rare trophy asset in desirable South Florida sub-market

Fort Lauderdale, FL – October 10, 2014 – (RealEstateRama) — CBRE has been engaged as exclusive marketing advisor for a new 270-unit lakeside apartment community in North Broward County, FL. Set on approximately 15.2 acres at 5401 Wiles Road, Altis at Coconut Creek is a Class A asset with condo-quality design features and amenities. more »

Fort Lauderdale, FL – October 6, 2014 – (RealEstateRama) — CBRE Capital Markets’ Debt & Structured Finance team announced that it has arranged $56 million in first mortgage bridge financing for One East Broward Boulevard, a 343,551-square-foot, Class A office tower in Fort Lauderdale, Florida.

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Global energy company will occupy a newly constructed tilt-up facility

Jacksonville, FL – October 2, 2014 – (RealEstateRama) — CBRE arranged a 510,443-square-foot lease for GE Oil & Gas to occupy a new advanced manufacturing plant in the Alliance Florida at Cecil Commerce Center in Jacksonville, FL. GE Oil & Gas is a world leader in advanced technology equipment and services for all segments of the oil and gas industry, from exploration & production to downstream. The company has signed a multi-year lease for the property owned by Hillwood Investment Properties to commence on November 1, 2014. more »

Miami, FL, – September 30, 2014 – (RealEstateRama) — Taylor & Mathis of Florida has signed Suffolk Construction to a lease at Miami’s One Biscayne Tower. Suffolk Construction is relocating from the airport submarket and expanding their offices into nearly 15,000 square feet downtown. more »

Village Place offers 202 units with gated access and resort-style amenities

West Palm Beach, FL – September 23, 2014 – (RealEstateRama) — CBRE has been engaged to market a 202-unit apartment community with resort-style amenities in West Palm Beach, FL. Spanning 11.6 acres at 2111 Brandywine Road, Village Place offers an opportunity to acquire a top-performing, fully stabilized asset with value-add potential.

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Orlando, FL – September 23, 2014 – (RealEstateRama) — CBRE arranged the sale of Indigo Plantation, located in world famous Daytona Beach at 100 Powell Boulevard, for $17.9 million. The 304-unit community was completed in 1989 and has a current occupancy of 97%. CBRE exclusively represented the seller in the transaction. more »

Fort Lauderdale, FL – September 22, 2014 – (RealEstateRama) — CBRE’s Net Lease Property Group completed the sale of a new long-term net leased Bank United investment property located at 1730 East Sunrise Boulevard in Fort Lauderdale, FL. The buyer, 859-877 Realty Associates, LLC., purchased the property for $3,800,000 from 1730 Sunrise LLC. CBRE represented the seller in the transaction. more »

Shred-it USA to take 34,800 SF at Pompano Industrial Centre I

Pompano Beach, FL – September 17, 2014 – (RealEstateRama) — CBRE has arranged a 34,806-square-foot lease for Shred-it at Prologis’ Pompano Industrial Center I, located at 1300 NW 22nd Street, Pompano Beach, Florida. Shred-it is an information destruction company, serving more than 300,000 global, national and local businesses with over 140 branches located in 18 countries around the world. The company will move from its current 15,000-square-foot location at 3550 Gateway Drive in Pompano Beach to assume occupancy on Dec. 1, 2014. more »

Seven transactions arranged by CBRE in Florida Keys in last 18 months

Miami, FL – September 16, 2014 – (RealEstateRama) — CBRE Hotels arranged the sale of two beachfront resort and marina properties in Islamorada, FL, bringing to seven the number of hotel and resort transactions closed by CBRE in the Florida Keys in the past 18 months. Both the 12-acre Postcard Inn Beach Resort & Marina at Holiday Isle, FL, located at 84001 Overseas Highway, and the 15-acre La Siesta Resort & Marina, located at 80241 Overseas Highway, were acquired by an undisclosed buyer. more »

Fort Lauderdale, FL – September 8, 2014 – (RealEstateRama) — CBRE’s Net Lease Property Group completed the sale of a new long-term net leased Bank of America investment property located at 4901 North Federal Highway in Fort Lauderdale, FL. The buyer, Bayrock Investment Co., purchased the property for $9,265,000, from 4901, LTD. CBRE represented the seller, Fort Lauderdale-based Trion Group, in the transaction.

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TAVARES – August 19, 2014 – (RealEstateRama) — Flooding causes more property damage in the United States than any other type of natural disaster, and the Lake County Public Works Department is urging homeowners to be sure they are protected. more »

New Florida NeighborWorks Collaborative launches at conference

Orlando, FL – August 12, 2014 – (RealEstateRama) — A $1.84 million boost is coming to the Orlando economy when more than 2,100 community development professionals from around the country convene in the city for the NeighborWorks Training Institute (NTI) Aug. 18-22. The conference is hosted by NeighborWorks America, a national, Congressionally chartered nonprofit that creates opportunities for people to live in affordable homes, improve their lives and strengthen their communities. more »

 
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