Florida RealEstateRama

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

“For the 9th consecutive month, St. Lucie County has seen a double digit increase in median sale price of single family homes. Both buyers and sellers are benefiting from this significant boost in our market indicators. Sellers are motivated by the steady equity increase being recuperated, and buyers gain the advantage of our reasonably priced homes compared to surrounding areas. St. Lucie County is poised for major growth and re-development.” ─ Kathy J. Slusser, Northern Vice President of the Realtors® Association of the Palm Beaches (RAPB).

The Palm Beach County market has accelerated, according to year-over-year statistics for May. For single family homes, median days on market dropped a whopping 25.0 percent (56 to 42 days), and closed sales bumped up 6.0 percent (1,640 to 1,739 transactions). Median sale price rose 4.8 percent from $281,900 to $295,000, falling just below the $300,000 mark we broke the previous month

“May’s inventory of single family homes in Martin County has dropped 35% from last year to an unprecedented 4.8 months. Although the median sale price remained virtually unchanged, the average sale price moved up 13% to $416,314 compared to last year. All great news to hear if you are a Seller, but a Buyer will have fewer opportunities to find those “deals”.

Florida Chief Financial Officer Jeff Atwater today announced the arrest Thomas Harry Penquite and Maria Lourdes Gutierrez, both of West Palm Beach, after an Office of Fiscal Integrity investigation discovered that the two allegedly concocted an elaborate scheme designed to steal more than $730,000 from the state of Florida’s unclaimed property program

Mayor Bob Buckhorn released the following statement today following Governor Scott’s signing of the 2015 state budget. This year’s budget included funding critical to the relocation of the University of South Florida (USF) Morsani College of Medicine to downtown Tampa.

Tightening inventory continued to impact Florida’s housing market in May, according to the latest housing data released by Florida Realtors®. Realtors across the state reported rising median prices and fewer days on market for both existing single-family homes and for townhouse-condo properties. Closed sales of existing single-family homes statewide totaled 24,789 last month, up 7.7 percent over May 2014

Israeli businessman Moishe Mana has purchased a 6,000-square-foot Flagler Street retail property, located close to the corner of East Flagler and NE 1st Avenue. The building, 110 East Flagler, situated on a 6,194-square-foot parcel, was fully occupied at the time of purchase, including tenants 7-11 and Optimy Stik Eyewear.

As part of the City of Tampa’s Downtown Utility Capital Improvement Projects (UCAP), the intersection of W. Fortune St. and N. Macinnes Place will be closed beginning June 23, 2015. Flagmen will be present to guide motorists through the construction work. The intersection will re-open Tuesday, June 30, 2015.

Gulf Coast International Properties is pleased to announce the sale of 2916 Indigobush Way in Grey Oaks for $2,976,500. Mary Yon represented the seller. This Old Florida style home with more than 6,100 sq. ft. of A/C living space on one level in Grey Oaks is a rare find. Every room is generously proportioned with a huge open kitchen/family room concept which has a lake view and opens directly onto the lanai, full outdoor kitchen, pool and spa.

To engage residents in community life and create incentives for talented people to live and stay in Miami, the John S. and James L. Knight Foundation today announced $250,000 to support the development of a master plan for The Underline, a proposed 10-mile linear park and urban trail beneath the Miami-Dade County Metrorail. Friends of the Underline, a nonprofit group leading the initiative to transform the underutilized land, will further use the support to engage the public in the design and implementation of the project.

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, June 25 at the Walmart parking lot, located at 17030 U.S. Highway 441 in Mount Dora

Orlando’s housing market is riding its traditional summertime wave of home sales — fueled in part by both low interest rates and more inventory — and posted positive numbers for the month of May. Sales of existing homes increased 10 percent while the median price also increased 10 percent when compared to May of 2014, reports the Orlando Regional REALTOR® Association.

Cushman & Wakefield today released its May 2015 transaction report documenting more than 1.9 million square feet of commercial real estate transactions valued at more than $102 million. The details of these transactions can be found below

Cushman & Wakefield announced today that it has assisted Lennar Multifamily Communities in the purchase of approximately 13.54 acres of land near the Mall at Millenia. Senior Director Jay Ballard and Director Ken Delvillar of Cushman & Wakefield’s Multifamily Advisory Group represented Lennar in the transaction with an unnamed seller

Cushman & Wakefield announced today that Director Anne Spencer has assisted RomaCorp, the corporate entity behind the Tony Roma’s restaurant chain, in leasing 8,820 square feet of office space in the Rosemont Building at Orlando University Center.

Nashville, Tennessee-based Hospital Corporation of America (HCA)(NYSE: HCA), a for-profit operator of health care facilities and largest such operator in the world, announced that it has leased a new, state-of-the-art, medical buildings at Lake Whitney Medical and Professional Park, located at 291 NW Peacock Blvd. in Port St. Lucie West, within Lake Whitney Medical and Professional Campus. The Campus is situated on over 15 lake-front acres in the heart of St. Lucie West’s retail, restaurant and entertainment district.

The industrial brokerage team of Associate Director Jared Bonshire and Senior Associate David Perez brokered the sale of Southport Center and Palmbay Center. Bonshire and Perez represented the buyer in the transaction, High Street Realty Company. The seller was Southport Center @ AIPO LLC and Palmbay Center @ AIPO LLC

324 Fan Palm Road was completed in February of 2014 and sold by Royal Palm Properties on March 10, 2014 for $3,615,000. The home is located in the prestigious Royal Palm Yacht & Country Club in Boca Raton, Florida and sits on an oversized corner lot with southern exposure and views of the world famous Boca Raton Resort & Club. Featuring five bedrooms, six bathrooms and 6,671 square feet under air, this home is perfect for famil

Lake County Fire Rescue is participating in the 2015 International Fire/EMS Safety and Health Week from June 14-20. Safety and Health Week is a joint initiative of the International Association of Fire Chiefs (IAFC) and the National Volunteer Fire Council (NVFC) and is supported by a network of emergency service, health and safety organizations.