All posts in Money

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

Interstate Industrial Park

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

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

Tax Incentives

CEOs Agree Tax Breaks Needed To Lure Businesses To Florida

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

questions

So Many Opportunity Zones, So Many Questions For Developers, Investors

One of the biggest questions about the year-old program at a recent IRS public hearing in Washington, D.C., was the amount of time investment funds have to deploy capital raised for Opportunity Zones projects. CLICK ON THE HEADLINE FOR MORE

Golf Anyone? Anyone? Developers Reimagine South Florida’s Money-Losing Courses

With less people playing golf, traditional greens and fairways are being replaced by entertainment-themed golf centers and residential communities. CLICK ON THE HEADLINE FOR MORE

Tax Incentives

Fed, Highlighting Asset Bubble Dangers, Red Flags Rising Commercial Real Estate Prices

A first-ever, just released Federal Reserve financial stability report warns that soaring commercial real estate prices across the country could harm financial markets. CLICK ON THE HEADLINE FOR MORE

South Florida Developers Dish On How They’re Financing And Building Through The Late Stages Of The Cycle

Panelists included Jules Trump, Moishe Mana, Michael Stern, Louis Birdman and Kieran Bowers. CLICK ON THE HEADLINE FOR MORE

Year-End Tax CRE Planning And 2019 Outlook

Investors would be wise to review the sweeping federal tax policy signed into law last year with their tax and investment advisors as part of year-end tax planning and investing strategy for 2019. CLICK ON THE HEADLINE FOR MORE

Banks Get Company on the Commercial Real Estate Lending Front

Banks held 40 percent of the commercial real estate debt in 2017 nationally, but South Florida borrowers increasingly are turning to alternative lenders for more flexible terms. CLICK ON THE HEADLINE FOR MORE

Delray Beach Raises Building Height Limit To 4 Stories From 3 To Settle A Lawsuit

The spot zoning applies to 4 parcels whose owners sued the city, alleging violations of Bert Harris Act, a state law that protects the rights of private land owners. CLICK ON THE HEADLINE FOR MORE