The Lender of Choice in Collier County Florida
MIAMI – 1450 Brickell, a Class A office tower currently under construction at the entrance to downtown Miami’s Brickell Financial District, topped off at 35 stories on Jan. 20. The occasion was celebrated during a special topping-off party held at the construction site.
The 586,000sf tower is scheduled for delivery in January 2010, when it will become the first of three new downtown Miami office buildings to come online next year.
FORT LAUDERDALE – Moss & Associates recently announced the completion of CityPlace South Tower, a $106 million mixed-use construction project in West Palm Beach.
Developed by The Related Group, CityPlace South Tower is a 20-story condominium tower with 380 luxury units and 40 private villas, as well as 9,333sf of street-level commercial and retail space.
TAMPA – With a continued softening of the real estate market and economy, executives are interested more than ever in cutting costs and improving their company’s efficiency. There is one method that is becoming more popular that allows them to do both.
Mia Jarrell and Matthew Heikkinen, brokers in the Office Group at Grubb & Ellis|Commercial Florida in Tampa, said the “blend and extend” trend is winning converts among savvy tenants – and their landlords as well.
FORT MYERS – Re-designed to benefit residential and commercial real estate professionals as well as individual buyers and sellers, The News-Press Market Watch 2009 will provide a program filled with important facts, market statistics, analysis and predictions delivered by industry experts Denny Grimes, president of Denny Grimes & Company, and Stan Stouder, a founding partner with CB Richard Ellis Fort Myers-Naples.
The earlier, non-dinner format comes at less than half the price as previous years, and tickets are now on sale at www.MarketWatch2009.com.
JACKSONVILLE – While the performance of Jacksonville’s apartment market will moderate through 2009, the extended outlook remains fairly bright, according to the 2009 National Apartment Report by Marcus & Millichap.
“The local apartment market will continue to present opportunities for investors,” says David Bradley, sales manager of Marcus & Millichap’s Jacksonville office.
Following are some of the most significant aspects of the latest Jacksonville Apartment Research Report:
• Employers are expected to decrease payrolls 1.1% in 2009, shedding 6,500 positions.
A Fort Myers Vietnam veteran who lost $150,000 in retirement funds to convicted real estate agent Samir Cabrera has filed a class-action federal lawsuit against a Chicago attorney that Cabrera blamed for his legal troubles. In a lawsuit filed in U.S. District Court in Fort Myers late Tuesday, Robert Mengle, on behalf of other investors, seeks roughly $11.6 million from Chicago attorney Mitch Goldsmith that they spent in land deals with Cabrera, who was convicted of 11 wire fraud and money laundering charges on Jan. 14. Cabrera, who is free on bond pending sentencing on April 27, plans an appeal.
The Fed will most certainly reiterate a commitment to keeping the federal funds rate low “for some time.”
