Yearly Archives: 2015

The Internal Audit Department released its Program Change Control, Audit 15-04

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

ConnectHOME initiative expands high-speed Internet to more working families, low-income students in Tampa Bay

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.

600-Space Downtown Garage Opens in Jacksonville CBD

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

Owner of Mortgage Company Pleads Guilty to $64 Million Mortgage Fraud Scheme

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 Refinances Four Multifamily Properties Located in Tampa, Florida

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.

C&W Hires Barfield and Moore in Central 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 completes $6 million sale of Cypress Creek Tower within six weeks...

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.

$5 million in capital improvements complete at Sunforest Business Park, modernization meets demand...

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.

Palm Beach County Insurance Agent Arrested for Falsifying $3 Million Worth of Life Insurance...

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

Lane Closure on East Columbus Drive Between North 29th and North 31st Streets

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

Ross Introduces Private Investment in Housing Act

U.S. Rep. Dennis A. Ross (FL-15), Senior Deputy Majority Whip, along with Reps. Jim Himes (CT-4), Emanuel Cleaver (MO-5) and John Delaney (MD-6), today introduced the Private Investment in Housing Act of 2015, bipartisan legislation that would provide the Department of Housing and Urban Development (HUD) the authority to establish a demonstration program and enter into budget-neutral, performance-based agreements that result in the reduction in energy or water costs for multi-family housing.

Eastbound Cypress Street is Closed Between North Lois and North Clark Avenues

Both eastbound lanes of West Cypress Street are closed between North Lois and North Clark avenues while the Tampa Water Department performs maintenance work. Barricades and signs are located in the area to assist with traffic flow. Please use caution when traveling in the area.

CBRE TO MARKET ICONIC MIAMI HOTEL PROPERTY

CBRE Hotels has been engaged to exclusively represent the owner of the iconic Conrad Miami. The hotel is ideally situated on the most prestigious street in the heart of Mimi’s business and financial district. The 203-room luxury hotel at 1395 Brickell Avenue is situated within the landmark Espirito Santo Plaza, widely recognized as Miami’s most architecturally stunning structure, with its concave figural arch beautifully representing the gateway to Latin America

Three Real Estate Developers Sentenced to Prison for their Roles in $27.8 Million Mortgage...

Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, U.S. Attorney Wifredo A. Ferrer of the Southern District of Florida, Special Agent in Charge Nadine Gurley of the Department of Housing and Urban Development’s Office of Inspector General (HUD-OIG) and Special Agent in Charge Timothy A. Mowery of the Federal Housing Finance Agency’s Office of Inspector General (FHFA-OIG) made the announcement.

Lake County firefighter rescues, then adopts kitten found trapped in fence post

When Ron and Dot Gilbert heard a “pitiful cry” coming from the side of their Leesburg home, they didn’t mind ripping apart their hedges and flower garden to find the source: a tiny female kitten they rescued, shivering from hunger and fear. However, when the sound of furious meowing continued emanating from underground, the elderly couple knew they needed professional assistance.

CBRE CLOSES SALE OF WELL-LOCATED DANIA BEACH INDUSTRIAL ASSET

CBRE arranged the sale of a freestanding, 29,770-square-foot industrial property prominently located at the corner of Ravenswood and Stirling Roads in Dania Beach, Florida. The Ravenswood Industrial asset, which sits on a 2.1-acre property at 5950 Ravenswood Road, was acquired from Trust Number BM-1 by Flooring King for $2.5 million. The Flooring King is currently located at 59 S.W. 12th Ave Suite 106, in Dania Beach, FL 33004 in 5,000 square feet and is expanding into the full 29,770 square feet available at Ravenswood Industrial

McCraney Property Company Adds to Industrial Park Portfolio with Recent 66-acre Purchase for...

McCraney Property Company, a leading developer of modern high-finish industrial properties, announced plans for a 1,125,330-square-foot development project, Bent Oak Phase II, to complete its Bent Oak Industrial Park. The success of its 703,920 square foot Bent Oak Phase I, comprised of two class A industrial buildings on 39 acres, prompted the company to purchase the directly adjacent 66 acres – the largest remaining parcel of land at the intersection of Taft Vineland Road and the Florida Turnpike in Orange County – for the construction of the new development

New Player Enters Downtown Miami Monopoly Board Game

East Flagler Holdings LLC has purchased a 2-story Miami retail property, dubbed Rick’s Building, located at 226 E. Flagler Street in Downtown Miami. The buyer, Danny Lavy, a saavy Canadian entrepreneur and real estate investor, recently purchased the Flagler Building across the street from Rick’s Building at 219 East Flagler Street.

CBRE BROKERS $12.6 MILLION SALE OF ALTAMONTE SPRINGS APARTMENT COMMUNITY

CBRE Capital Markets arranged the sale of Village Green, a 164-unit, 140,000-square-foot apartment community in the Altamonte Springs area of Orlando. Located at 112 Essex Avenue, the asset was acquired from Harbor Group International, LLC by Insula Companies for $12.6 million. CBRE’s Shelton Granade, Luke Wickham, and Justin Basquill provided exclusive representation to the seller in the transaction.

Northbound Westshore Boulevard Will be Closed Between West Melrose Avenue and West Clear Avenue

The northbound lanes of South Westshore Boulevard will be closed between West Melrose and West Clear avenues beginning at 9 a.m. tomorrow morning while the Tampa Water Department repairs a water main break. Barricades and signs will be located in the area to assist with traffic flow. Please use caution when traveling in the area.

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

Buchanan Slams “Nightmarish” Conditions at VA Nursing Homes

Congressman Vern Buchanan today demanded answers from the Department of Veteran Affairs after reports of deplorable conditions and neglect at VA nursing homes across the nation.