All posts in Money

Hollywood Attracts New Opportunity Zone Investments With 3 Major Projects In The Planning Stages

The City of Hollywood is reviewing three new projects that could add vitality to the local economy by creating new jobs, while offering a wider array of housing, dining and shopping options to residents. CLICK ON THE HEADLINE FOR MORE

brightline train

Boca Brightline Station Looks To Be A Certainty

Helping the city seek federal or state money for the project, Virgin Trains wants a vote from the council next month and would like to open the Boca station by the end of next year. CLICK ON THE HEADLINE FOR MORE

West Palm Beach

Expansion, Investment Fuel Big Money In Old But Well-Located West Palm Beach Buildings

Some West Palm Beach investors and business owners are selling real estate holdings to buyers hot on the downtown, including to businesses and investors coming to expand their presence. CLICK ON THE HEADLINE FOR MORE

Dania Beach Moving Forward With $634M City Center Redevelopment

After an eight-month bid process, the Dania Beach City Commission just voted to move forward with a proposal to build a modern municipal building, plus five apartment buildings, two office buildings and a hotel. CLICK ON THE HEADLINE FOR MORE

Economy Remains In Great Shape In Florida

Even as the nation experiences increased worries about a downturn, Florida continues to have a strong business and tax climate which continues to attract new residents and businesses. CLICK ON THE HEADLINE FOR MORE

All Of The Stocks Are Tumbling — Except Real Estate

Compared to the overall market, investors seem to know one place they want to park their money: real estate stocks. CLICK ON THE HEADLINE FOR MORE

opportunity zones

Report: South Florida Investors Are Still Wary Of Investing In Opportunity Zones

A report by Bilzin Sumberg and the ULI found that only 28 percent of respondents said they intend to invest in South Florida Opportunity Zones and only 7 percent have already done so. CLICK ON THE HEADLINE FOR MORE

Blackstone Is Already Selling Pieces Of The $18B GLP Industrial Portfolio

Prologis is reportedly in private discussions to purchase part of Blackstone’s recent warehouse acquisition. CLICK ON THE HEADLINE FOR MORE

‘It’s Like The Tulip Craze:’ South Florida Developers Expect Opportunity Zone Land Values To Wilt

Referred to as ‘Tulip Mania’ in the 17th century, when tulips reached ridiculously high prices and then fell sharply, some owners of property in Opportunity Zones are listing them at prices much higher than investors want to pay. CLICK ON THE HEADLINE FOR MORE

Business Rent Tax

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

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

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

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