Investing

Investing

Man Arrested for Arson After Setting Fire to Manatee County Home

The Florida Department of Financial Services’ Division of State Fire Marshal today announced the arrest of 20-year-old Michael Lynn Haynes for setting fire to a duplex-style apartment home on February 21 in Palmetto, Florida. The intended targets of the fire were two women, a man and a two-year-old child. Following his arrest, Haynes admitted his intention to “burn them (the victims) out like roaches.”

Florida Unclaimed Property Auction Activities Begin Tomorrow in Orlando

TALLAHASSEE - August 7, 2014 - (RealEstateRama) -- Chief Financial Officer Jeff Atwater invites the public to Florida’s 2014 Unclaimed Property Auction at the Double Tree Airport Hotel in Orlando. The auction of more than 60,000 items valued in excess of $1 million will be held Saturday, August 9. A preview of items will be held on Friday, August 8

SEC Charges Former Stock Promoter With Defrauding Investors in Florida Real Estate Venture

WASHINGTON, D.C. - April 24, 2014 - (RealEstateRama) -- The Securities and Exchange Commission today filed fraud charges against a former Florida-based stock promoter currently serving a two-year prison sentence for lying to SEC investigators.

VACANT BANKERS ROW OFFICE PROPERTY AIMS TO ATTRACT NEW YORK FINANCIAL FIRMS WITH RENOVATIONS...

Palm Beach, FL - February 8, 2013 - (RealEstateRama) -- As more private equity firms and hedge funds housed in Wall Street explore South Florida for its abundance of high-net worth individuals, the owners of 218 Royal Palm Way are gearing up to offer a unique office location on the prestigious ‘Bankers Row’

SEC Charges Real Estate Executives in Florida-Based $300 Million Investment Scheme

Washington, D.C. - January 30, 2013 - (RealEstateRama) -- The Securities and Exchange Commission today charged five former real estate executives who defrauded investors into believing they were funding the development of five-star destination resorts in Florida and Las Vegas when they were actually buying into a Ponzi scheme.

LAKEWOOD SHOPPING CENTER SOLD FOR $31.5 MILLION

Margate, FL - June 28, 2012 - (RealEstateRama) -- CBRE announced today the sale of Lakewood Shopping Center, a 236,679-square-foot shopping center located on West Atlantic Boulevard in Margate, Florida. The property was acquired by an affiliate of Toronto/Florida-based North American Development Group (NADG) for $31.5 million from a wholly owned subsidiary of Inland American Real Estate Trust, Inc. CBRE’s National Retail Investment Group in Florida provided exclusive representation to the seller in the transaction.

SUNRISE RETAIL CENTER SOLD FOR $3.5 MILLION

Sunrise, FL – June 15, 2012 – Local private investment group, Waterstone Capital LLC, purchased Springtree Center, a 46,760-square-foot retail center in Sunrise, Florida, for $3,475,000 or $74.36 per square foot. CBRE Vice President William Strauss marketed the asset for sale and negotiated the transaction on behalf of the seller, Springtree LLC.

Miami Region March Home Sales

Miami, FL - May 15, 2012 - (RealEstateRama) -- Despite near-record-levels of investor and cash purchases, Miami-area home sales fell about 7 percent in March compared with a year earlier amid a sharp drop in the number of transactions under $200,000. The region's median sale price was flat compared with February but rose year-over-year for the third consecutive month, a real estate information service reported.

CBRE GROUP, INC. NAMED TO THE FORTUNE 500 FOR 5th STRAIGHT YEAR

Miami, FL - May 10, 2012 - (RealEstateRama) -- CBRE Group Inc. (NYSE:CBG) has been named to the FORTUNE 500 list of the largest U.S.-based companies for the fifth straight year. CBRE remains the only commercial real estate services firm ever included in the FORTUNE 500.

Charles Dunn Company Completes $2.35 Million Sale of Seven-Unit Multifamily Property in West Hollywood

LOS ANGELES, CA - May 3, 2012 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the $2.35 million sale of a seven-unit apartment property located at 144 North Wetherly Drive in West Hollywood near the major cross street of Beverly Blvd.

Veteran Real Estate Pro Kerry Jackson Joins Reichel Realty & Investment

Deerfield Beach, FL - May 3, 2012 - (RealEstateRama) -- Bill Reichel, president of Palm Beach Gardens-based Reichel Realty, announced today the appointment of Kerry B. Jackson as vice president. A commercial real estate veteran and designated member of the Society of Industrial and Office Realtors (SIOR), Jackson brings more than two decades of experience. He previously was a vice president with CB Richard Ellis where he worked for 10 years and he also spent 10 years with Fisher-Gaeta-Cromwell.

DCT INDUSTRIAL BREAKS GROUND ON DCT COMMERCE CENTER AT PAN AMERICAN WEST INDUSTRIAL PARK

Miami, FL - May 1, 2012 - (RealEstateRama) -- DCT Industrial Trust, a leading industrial real estate company, held a recent groundbreaking ceremony on the first of two buildings located in the DCT Commerce Center at Pan American West Industrial Park in Miami, Florida. CBRE is the exclusive leasing advisor for the development located in Miami’s top-performing submarket, Airport/Doral.

CBRE PRIVATE CAPITAL GROUP REPRESENTS BANK IN REO SALE TO FOREIGN BUYER

Homestead, FL - March 27, 2012 - (RealEstateRama) -- CBRE arranged the sale of a Card Sound, a 105-unit bank-owned property in Homestead, FL. The property at 27707 South Dixie Highway was acquired for $4.55 million ($94 per square foot or $43,336 per unit) from Community Bank of Florida by a foreign investment group known as 105 Units Homestead Investment, LLC.

CBRE BROKERS SWEEP CENTRAL FLORIDA NAIOP AWARDS

Orlando, FL - March 12, 2012 - (RealEstateRama) -- The CBRE Orlando office had a big night at the recent Central Florida NAIOP Best of the Best Gala. CBRE brokers received three of the six awards for individual broker recognition. Nan McCormick, David Murphy and Shelton Granade were honored as Office, Industrial and Investment Broker of The Year, respectively.

PRIME 96-ACRE LAND PARCEL PURCHASED FOR $9.75 MILLION

St. Petersburg, FL - March 9, 2012 - (RealEstateRama) -- CBRE brokered the purchase of a 96-acre vacant land parcel just north of Gandy Boulevard along I-275 by Great Bay Distributors for $9.75 million. CBRE Senior Associate Jarib Rodriguez and Senior Vice President John Jenkins marketed the site for sale and negotiated the transaction on behalf of the seller, BB&T Bank. BB&T acquired the asset through foreclosure in early 2011.

RUSSELL BORNSTEIN JOINS CBRE IN BOCA RATON

Boca Raton, FL - March 7, 2012 - (RealEstateRama) -- CBRE announced today the addition of Russell Bornstein as Senior Vice President, to serve retail clients in South Florida. Bornstein will focus on providing landlord and tenant representation services, based in the firm’s Boca Raton office.

Key West Real Estate Market Report Issued By Local REALTOR® Sean Farrer

KEY WEST, FL - February 3, 2012 - (RealEstateRama) -- Key West, Florida real estate agent Sean Farrer issued a real estate market report for the area based on recent sold statistics and trends he has observed in the market.

Cold Winter in Northern States Yields Hot Orlando Real Estate Market Says Agent Jonathan...

ORLANDO, FL - February 3, 2012 - (RealEstateRama) -- The Orlando home market isn't nearly as cold as the weather up north according to Orlando real estate agent Jonathan de Jesus of Dominium Realty Group.

LAKEFRONT I AND II OFFICE PARK SOLD TO BROOKWOOD

Orlando, FL - February 2, 2012 - (RealEstateRama) -- Brookwood Lakefront Investors, LLC acquired Lakefront I and II, a four-building, ±192,654-square-foot suburban office/warehouse property located within Orlando Central Park. CBRE Executive Vice President Ron Rogg marketed the asset for sale and represented a private seller in the disposition.

HILLMOOR VILLAGE APARTMENTS SOLD FOR $10.5 MILLION

Port St. Lucie,, FL – October 28, 2011 – Torchlight Investors sold Hillmoor Village Apartments to Finbay Pacific for $10.5 million. Torchlight acquired the property in December 2010 through a lender foreclosure. At that time, the property was 60% occupied. CBRE was engaged in early 2011 for strategic advice on marketing the asset. Per the recommendation of CBRE, Torchlight invested additional capital into the property and increased occupancy to 90%.

Popular Government & Nonprofit Press Releases

Colombia tops all Foreign Searches for Miami Real Estate

Colombia continues to lead all foreign countries searching for South Florida real estate, according to new data from the MIAMI Association of REALTORS® (MIAMI). The South American nation finished as the top international country using MIAMI’s search portal, www.Miamire.com, in May 2016. Colombia has now led the rankings for six consecutive months

Recent Government & Nonprofit Press Releases

Florida Keys: Plan Ahead Before Returning Home to Be Safe

As the reentry process for the Lower Keys begins, FEMA stresses the importance of following guidance from your local officials. Currently only residents, business owners, disaster workers, and supply vehicles with appropriate identification, or re-entry stickers, will be permitted to enter.