News

(Credit: Max Pixel and Pixabay) From TRD New York: By the end of the year, Hilton’s stab at creating the future of hotel experiences, the “connected room,” will be available at properties in Memphis, Washington, D.C. and Dallas. The online room’s functionality hinges on a new app, Hilton Honors, which controls lights, [...]
Mon, Dec 11, 2017
Source: Miami
Rendering of the Reserve at Edgewood and Lennar’s Stuart Miller (Credit: Reserve At Edgewood and Lennar Corporation) Lennar Corp. just paid $7.5 million for a townhouse development project in Fort Lauderdale, property records show. Lennar acquired the 105-unit, 7-acre site at 2807 Southwest 15th Avenue, a former mobile home park. The seller, [...]
Mon, Dec 11, 2017
Source: Miami
International Shoppes shopping center in Orlando (Credit: Loopnet.com) A company planning to redevelop an Orlando shopping center and facing two foreclosure lawsuits filed for Chapter 11 bankruptcy. International Shoppes LLC declared $20 million of debt and $6.7 million of assets in its bankruptcy petition. The bankruptcy petition may block foreclosures by [...]
Sun, Dec 10, 2017
Source: Miami
Patterson Court Apartments in Orlando Miami-based Fifteen Group and an investment partner paid $181,380 per unit for an Orlando apartment complex. Fifteen Group and Meritage Group LP bought Patterson Court Apartments for $68.65 million. The 21-acre, 384-unit property at the intersection of Little Lake Bryan Road and International Drive offers easy access to [...]
Sun, Dec 10, 2017
Source: Miami
The Crossroads Market in Naples A life insurance company loaned $19 million for the purchase of a Naples shopping center anchored by a Walgreens pharmacy and Publix supermarket. Nationwide Life Insurance Company provided the loan for the acquisition of Crossroads Market, a 126,895-square-foot shopping center with a 98.1 percent occupancy rate. The buyer, [...]
Sun, Dec 10, 2017
Source: Miami
Developer Dan Kodsi Developer Dan Kodsi got $44.6 million of Fannie Mae financing secured by rental housing just north of Naples in Estero. Kodsi, CEO of Royal Palm Companies, is one of the developers behind Paramount Miami Worldcenter a 60-story condo development in downtown Miami. New York-based real estate lender and investor Greystone [...]
Sun, Dec 10, 2017
Source: Miami
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