Florida Governor Signs Business Rent Tax Rollback, The Third In Recent Years

Business Rent Tax

Florida House Bill 7123, known as the business rent tax, will lower commercial lease tax by 0.2 percent to 5.5 percent. Although the reduction is small, it marks the third such cut since 2018. CLICK ON THE HEADLINE FOR MORE

Jeff Greene Pushes The Launch Button On Multiple West Palm Building Projects

The developer who owns probably more West Palm Beach property than anyone, and who long has drawn city criticism for holding off on construction, says he has pushed the launch button not just on Clear Lake Estates but on several projects in and around the city. CLICK ON THE HEADLINE FOR MORE

As Pompano Thrives As Booming Beach Destination, It Braces For Even More Growth

The city that has long planned to shape itself into a thriving destination now has new restaurants, stores, underway hotel construction and the reopening of the city’s pier by October. CLICK ON THE HEADLINE FOR MORE

CRE Florida Partners Funds First Mortgage For Boynton Beach Client

The $2.5 million loan for a single-tenant/owner-user industrial warehouse property is an example of how debt placement is becoming a critical component for clients in a very competitive lending market. CLICK ON THE HEADLINE FOR MORE

Marijuana Dispensaries Present High Risk, High Reward For Landlords, Panelists Say

Since marijuana is still a federally banned illicit narcotic, banks and major insurance companies do not want to do business with anyone tied to the cannabis industry,making leasing to dispensaries a risky proposition. CLICK ON THE HEADLINE FOR MORE

Delray Beach Community Redevelopment Agency Green Lights $100M Mixed-Use Project

The AltaWest development will include 43,000 square feet of ground floor retail, 21,600 square feet of office space, a 33,000-square-foot grocery store, 165 residential units totaling 272,242 square feet and about 45,000 square feet of public space called “Frog Alley. CLICK ON THE HEADLINE FOR MORE

Opportunity Zones Heat Up In South Florida

opportunity zones

Driven by the Opportunity Zone tax incentive program that became effective in 2018, Coral Gables, Wynwood and Hialeah are among the likely hotspots for investments by developers, owners and investors. CLICK ON THE HEADLINE FOR MORE

Dania Beach Government Solicits Developer Proposals For A New City Hall

May 30th is the deadline for developers to submit proposals to redevelop a site in Dania Beach to build a new city hall together with commercial space and residential units. CLICK ON THE HEADLINE FOR MORE

Industrial Buildings In Riviera Beach Opportunity Zone Sell For $11.7M

Interstate Industrial Park

Sold for $73 per square foot, the three-building portfolio was 98 percent leased. CLICK ON THE HEADLINE FOR MORE

CEOs Agree Tax Breaks Needed To Lure Businesses To Florida

Tax Incentives

Should the State of Florida and local governments be offering tax breaks and incentives to lure businesses? For answers to that question from prominent South Florida CEOs, CLICK ON THE HEADLINE

A Large Beachside Hotel Sat Empty For Years Along A1A. That’s All About To Change.

Lauderdale-by-the-Sea

The deal is among a growing lineup of new properties across Broward County, as many beachside communities add tourist and business hotels to beef up their commercial centers. CLICK ON THE HEADLINE FOR MORE

Boynton Beach Industrial Property Fetches $139 PSF

The sale signals the continued growing interest in industrial properties in South Florida. CLICK ON THE HEADLINE FOR MORE