VORTEX NEWS

08/02/2012 08:12 AM

Vortex International Realty Makes Its Home In Miami Market

– Miami Agent Magazine

 

 

07/26/2012 07:53 AM

Vortex International Realty Launches Boutique Luxury Real Estate Company to the Miami Market

– The Miami Herald

 

 

07/26/2012 12:45 PM

Vortex launches brokerage in South Florida

– The Real Deal

 

The Real Deal Miami

The Real Deal Miami


12/18/2017 07:00 PM
How the repeal of net neutrality could affect the real estate industry
The Federal Communications Commission’s vote last week to repeal net neutrality rules could have a detrimental effect on the real estate industry, particularly on internet-based companies and those that rely heavily on web traffic to drive business. Net neutrality rules bar internet service providers (ISPs) from “throttling” bandwidth for some websites and services while allowing “fast lanes” for others at a premium, according to Inman. The rules were in place for two years under President ... [more]
12/18/2017 06:06 PM
GM president buys $5.2M equestrian estate in Wellington
He’s switching gears from horsepower to actual horses. In his latest big purchase, General Motors President Daniel Ammann paid $5.2 million for an equestrian estate in Wellington, property records show. The 5,262-square-foot estate at 2648 Appaloosa Trail traded to Ammann and his wife Pernilla for about $988 per square foot. Juan Ramirez and his wife Maria G. Vasquez De Ramirez were the sellers. Records show the couple purchased the 4.7-acre property in 2006 for $2.6 ... [more]
12/18/2017 05:30 PM
Anatomy at 1220 to anchor Avra Jain project near Midtown Miami
Miami Beach gym Anatomy at 1220 is bulking up with a second location. Owners Chris Paciello and Marc Megna signed a lease for 15,000 square feet at 3415 Northeast Second Avenue in Miami, broker Lyle Chariff told The Real Deal. Avra Jain and Joe Del Vecchio of Vagabond Group paid $13 million in May for the building, which sits just east of Midtown Miami near Edgewater. Chariff, Luis Guevara and Mauricio Zapata of Chariff Realty ... [more]
12/18/2017 04:30 PM
SoFla lease roundup: Convey Health Solutions inks lease at One Financial & more
Convey Health Solutions leases three floors at One Financial Plaza Convey Health Solutions inked a 33,360-square-foot lease at the 263,250-square-foot One Financial Plaza, according to the firm that brokered the deal. The company is taking three floors at the recently renovated 28-story tower at 100 Southeast Third Avenue. Tower Commercial Real Estate’s Laurel Oswald, Jon Blunk, Cristina Glaria and Van Watson represented One Financial Plaza’s owners Crocker Partners and Walton Street. Walton Street Capital paid ... [more]
12/18/2017 03:30 PM
CRE will hit “the jackpot” with GOP tax plan

From TRD New York: Commercial real estate owners who hold properties through pass-through companies could fare quite well under the final Republican tax bill compared to other companies using the same structure. The proposal gives a 20 percent deduction on taxable income to pass-through companies owned by individuals who make less than $157,500 and joint filers who make less than $315,000, the Wall Street Journal reported. In addition, it gives owners of some pass-throughs who surpass ... [more]
12/18/2017 02:45 PM
The best and worst places to retire
From TRD New York: Based on a collection of data considering crime rates, cost of living, health care and transportation, Bankrate created an index of the U.S. 50 largest cities to determine which were the best and worst places to retire to. New York doesn’t make the top or bottom; the city’s 24-hour transit system was largely responsible for its decent showing of being the 18th best place to retire in, according the New York ... [more]
12/18/2017 01:45 PM
Making bank? What South Florida’s real estate professionals get paid
On television, real estate professionals flip homes and easily walk away with as much as $50,000 in profit — on a slow day. Or they sit comfortably in the shark’s chair like Barbara Corcoran, with a net worth of $80 million derived from launching and selling what is now one of New York’s largest real estate companies. But in real life — and particularly in South Florida — competition is fierce and every dollar is ... [more]
12/17/2017 09:00 PM
Can you guess who owns the ‘world’s most expensive home?’
From TRD New York: The Chateau Louis XIV is widely touted as the world’s most expensive house after it was sold for more than $300 million in 2015 and now it’s elusive buyer has been revealed to be none other than Saudi Arabia’s Crown Prince Mohammed bin Salman. An investigation by the New York Times named Salman as the buyer, tracing ownership through a series of shell companies that eventually trailed back to Eight Investment ... [more]
12/17/2017 08:00 PM
Lake County landmark will reopen in January for events and tours
The new owner of the legendary Howey Mansion built in 1927 will reopen the Lake County landmark in January for events and historic tours. Wealthy citrus business owner William J. Howey, twice a candidate for governor of Florida, was the original owner of the 20-bedroom mansion in the city of Howey-in-the-Hills. He once brought the New York Civic Opera to his estate, drawing a crowd of 15,000. Brad Cowherd of Orlando and his brother Clay ... [more]
12/17/2017 07:00 PM
Wellington investor expected to sell Atlantic City casino for $200 million
Wellington-based Glenn Straub is expected to sell the former Revel Casino Hotel in Atlantic City, New Jersey, for $200 million. The Press of Atlantic City, a daily newspaper, reported that Colorado-based AC Ocean Walk LLC plans to pay $200 million for the property, invest another $175 million in it, and reopen it in May. The newspaper cited a report by credit rating agency Moody’s Investors Service that details possible financing for the casino-property deal. AC ... [more]
12/17/2017 07:00 PM
Jacksonville headquarters flipped for $2.67 million profit
A limited liability company bought a marine company’s Jacksonville headquarters in a sale-leaseback deal and flipped the building 10 weeks later for a $2.67 million profit. CH Jacksonville FL Landlord LLC sold the five-story headquarters of Crowley Maritime Corp. to Broadstone Real Estate on Dec. 8 for $22.77 million. CH Jacksonville had purchased the building on Sept. 27 for $20.1 million from a company affiliated with Crowley Maritime, and leased the 112,060-square-foot building back to ... [more]
12/17/2017 06:00 PM
Commercial project in downtown Orlando draws $74.8 million construction loan
A Palm Beach mortgage lending firm and a Canadian partner provided a $74.8 million loan for construction of a 26-story commercial complex in downtown Orlando. The lender is Trez Forman Capital Group, a joint venture formed last year by Vancouver-based Trez Capital Group, one of the largest private commercial mortgage lenders in Canada, and Palm Beach-based Forman Capital, led by Brett Forman. The borrower, Dallas-based Lincoln Property Co., will use the $74.8 million loan to ... [more]
12/17/2017 05:00 PM
Takeover of Westfield malls would include a dud in Sarasota
Europe’s biggest commercial landlord would own an under-performing shopping mall in Sarasota as part of its pending acquisition of Australia-based Westfield Corp. The $15.7 billion takeover of Westfield by Paris-based Unibail-Rodamco will saddle the European commercial landlord with Westfield Sarasota Square, a 40-year-old mall that has lost two anchor tenants this year, Macy’s in March and Sears in September. At least a half-dozen smaller tenants have moved out of Westfield Sarasota Square since Macy’s announced ... [more]
12/17/2017 04:00 PM
Developer lands $24.3 million loan to build dual-flag hotel in downtown Tampa
A developer that turned an office building into an Aloft Hotel in downtown Tampa is set to break ground for dual-flag hotel there. The Tampa-based developer, Liberty Group, got a $24.3 million construction loan to build a nine-story hotel in downtown Tampa that will operate under two Hilton-family flags, Hampton Inn and Home2 Suites. Liberty Group got the loan from Centennial Bank to build the 213-room, dual-brand hotel on slightly less than one acre of ... [more]
12/17/2017 03:00 PM
Redevelopment of Times-Union property won’t start before late 2018
Any redevelopment of the Florida Times-Union newspaper property in downtown Jacksonville will wait another year, at least. The newspaper plans to move newsroom and advertising staff to another downtown location by the fourth quarter of 2018. The Morris family of Augusta, Georgia, sold the Times-Union and 10 other daily newspapers to Gatehouse this year. But the family retained the 18-acre location of the Times-Union office building and printing plant in downtown Jacksonville, and the family ... [more]
12/17/2017 02:00 PM
St. Lucie County wants South Florida’s mega-yacht business
The St. Lucie County Commission unanimously approved a plan to pay $25 million for land at the Port of Fort Pierce for conversion to a mega-yacht refurbishing center. The county plans to hire a company to operate a mega-yacht refurbishing facility at the port to take customers from similar facilities in South Florida, which the commissioners consider over-crowded. The commissioners agreed on a proposal under which the county will buy a 12.3-acre site at the ... [more]
12/16/2017 09:30 PM
The worst places to live if the tax bill passes
Here’s where you don’t want to be living if the final Republican tax bill passes; condolences to homeowners in New York, Long Island and Newark. The list was compiled by Trulia based on metro areas with the highest concentration of homeowners who pay more than $10,000 in annual property taxes. 11. Houston, Texas Effective property tax rate for 2016: 1.7% Household property tax bills above $10,000: 10.2% Home value at which property tax bill exceeds ... [more]
12/16/2017 08:30 PM
Pompano rejects dismissal of contractor over property purchases
Pompano Beach rejected a proposal to dismiss a city contractor that oversees tax-funded investments in areas where two of its directors bought property. City commissioner Michael Sobel proposed termination of the city’s contract with Redevelopment Management Associates. He cited the 2015 purchases of three parcels by two directors of Redevelopment Management, Kim Breisemeister and Chris Brown. Sobel said the city’s contract with Redevelopment Management should be terminated because Breisemeister and Brown bought property in areas of ... [more]
12/16/2017 07:30 PM
Despite Irma damage, Caribbean estate sells near $67 million asking price
Retired hedge-fund manager Bruce Kovner got a sum near the $67 million asking price for his Caribbean estate despite damage by Hurricane Irma, the Wall Street Journal reported. The listing agent, Christian Wattiau of Sibarth Real Estate, told the Journal the sale of Kovner’s estate, called Girasol, was the most expensive property transaction ever recorded on St. Barts. However, extensive hurricane damage to the landscaping at Girasol delayed the closing of its sale as Kovner ... [more]
12/16/2017 06:30 PM
Construction of Brightline link to Orlando to start in first quarter
All Aboard Florida expects in the first quarter of 2018 to start construction to extend its Brightline passenger rail service to Orlando and to launch service to Miami. The Federal Railroad Administration on Friday approved All Aboard Florida’s plan to link Orlando to its pending Brightline service in South Florida. The Brightline rail service is expected to start between downtown stations in West Palm Beach and Fort Lauderdale before expanding to Miami. All Aboard Florida ... [more]
12/16/2017 05:00 PM
Title insurers are used to being real estate’s schmoozers-in-chief. New rules will change that
From TRD New York: Guess who’s coming to dinner? No one. If you could tune out the clinking glasses and the mutual pats on the back at Cooper-Horowitz’s annual bash at Michael Jordan’s steakhouse this week, you might have witnessed an unusual sight: Title insurance players looking anxious, huddled in a corner and discussing upcoming regulations that would change their business as they know it. New state rules which take effect Dec. 18 aim to ... [more]
12/16/2017 04:00 PM
Whole Foods to open new Dadeland store next month
Whole Foods will open its new supermarket in Miami’s Dadeland area on Jan. 10. The 46,700-square-foot supermarket will open at 7930 Southwest 104 Street, next to a Target department store. The new Whole Foods supermarket will replace a smaller one at 11701 South Dixie Highway in Pinecrest, scheduled to close Jan. 7. The new Whole Foods store will open  in a former Winn-Dixie supermarket. Whole Foods will transfer 200 employees at the Pinecrest location to ... [more]
12/16/2017 03:00 PM
Pulte plans homes on another South Florida golf course
Pulte Homes plans to build about 250 homes on a golf course just west of Boynton Beach in unincorporated Palm Beach County, one in a series of South Florida golf course redevelopments the home builder has pursued. Atlanta-based Pulte would build homes at the 116-acre Cypress Creek Country Club at 9400 South Military Trail. Cypress Creek Country Club is a semi-private golf course open to members and the public. Prices for Pulte’s one- and two-story ... [more]
12/16/2017 02:00 PM
Fort Lauderdale’s most expensive listing has a $39 million price tag
A mansion in Fort Lauderdale with a $39 million asking price has become the most expensive home listed for sale in Broward County. The five-bedroom residence at 9 Isle Drive in Fort Lauderdale’s Harbor Beach neighborhood spans almost 20,000 square feet and has 300 linear feet of waterfront. Built in 2001, the property has 17 bathrooms and seven powder rooms, plus a ballroom, eight-car garage, gym, wine-storage space and an elevator. Chad Carroll of The ... [more]
12/15/2017 11:00 PM
Newmark lists on the Nasdaq
From TRD New York: Newmark Group’s initial public offering opened today on the Nasdaq stock exchange at $14.00 per share, lower than the original $19 to $20 per-share range the company had originally projected. Newmark offered 20 million shares of Class A common stock, with an option for underwriters to purchase additional shares. Howard Lutnick’s BGC Partners, which bought Newmark Knight Frank for an undisclosed sum in 2011, will own 85.3 percent of Newmark’s Class ... [more]
12/15/2017 10:40 PM
Miami Jewish Health Systems nabs approval, breaks ground on Buena Vista campus
The Miami Jewish Health Systems broke ground on the redevelopment of its Buena Vista campus on Friday, a day after securing approval from the Miami City Commission for its special area plan. The commission approved the plan for a linear park on Northeast Miami Place and 50th Terrace, according to a press release from Greenberg Traurig. The SAP will also allow property owners of nine or more acres to develop a master plan that includes ... [more]
12/15/2017 10:00 PM
The 7 biggest retail bankruptcies of 2017
From TRD New York: In 2017, more than 30 name-brand retailers have filed for bankruptcy, some for good, some in an effort to save themselves, including Payless Shoe Source, RadioShack and Toys “R” Us. Many others avoided bankruptcy but closed hundreds of stores nationwide. Three big department stores, Sears, Macy’s and JCPenney, closed over 500 locations in total, affecting the malls and retail corridors across the country. When retailers go down, they leave billions in ... [more]
12/15/2017 09:14 PM
Condo king goes west: Related’s Jorge Perez opens office in Dallas
Jorge Perez’s Related Group is expanding into the Southwest with a new satellite office in Dallas. The developer, the biggest builder of condominiums in Miami, plans on building apartments in Phoenix, Denver, Las Vegas and other major Texas markets, a spokesperson confirmed. Kevin Wisdom joined Related to lead the new office. He was previously with Zom, according to his LinkedIn profile. In the expansion, Related will initially focus on multifamily ground-up development with commercial components, ... [more]
12/15/2017 09:06 PM
$20M Coconut Grove Playhouse renovation plan booed off stage
  Miami commissioners closed the curtains on an initial $20 million plan to renovate the Coconut Grove Playhouse that entailed razing the playhouse’s deteriorated 1,100-seat auditorium and replacing it with a modern 300-seat theater. In a 3-2 vote on Thursday, the commissioners moved to preserve the exterior facade of the theater — a motion carried out by Commissioner Ken Russell, according to the Miami Herald. The decision came after an appeal of the city’s demolition ... [more]
12/15/2017 08:30 PM
Related closes on construction loan for Liberty Square redevelopment
The Related Group’s affordable housing division just closed on construction financing for a mixed-income redevelopment of Liberty Square in Miami’s Liberty City neighborhood. Related Urban Development Group secured the $23.1 million construction loan from Bank of America, according to the developer. The financing will be used to build 204 units in six garden-style buildings as part of the first phase of the project. Phase one, expected to open in the spring of 2019, will include ... [more]
12/15/2017 08:03 PM
Master plan approved for 1,600-unit development on top of Metro station in suburban D.C.
Master plan approved for 1,600-unit development on top of Metro station in suburban D.C. A plan by Fivesquares Development for a 2 million-square-foot development on top of the Grosvenor Metro station in the Maryland suburbs of Washington, D.C. got the green light from the Montgomery County Council. The 14-acre site, owned by the Washington Metropolitan Area Transit Authority, will eventually see up to 1,600 residential units and retail space. The developers estimate that the entire project ... [more]
12/15/2017 08:00 PM
NFL star’s $18.2M North Miami buy sparks three-way battle for commission fee
A fight over commission from the $18.2 million sale of five North Miami apartment buildings to an NFL star last year has turned into a bench-clearing brawl involving a tangle of brokerages. Six months after broker Gerly Laine and her Miami Gardens-based firm Elite Celebrity Realty dropped its lawsuit against San Francisco 49ers pass rusher Elvis Dumervil and Westchester-based Star Realty & Investment Group for allegedly trying to keep her from collecting the commission, a ... [more]
12/15/2017 07:57 PM
$59M loan secured for 26-story tower in Atlanta to house Georgia State students
A new 26-story apartment tower is on the way to Atlanta to fill a housing shortage for Georgia State University students. South City Partners secured a $58.3 million loan from SunTrust to build 120 Piedmont, which will have room for as many as 685 beds, as well as retail space. Far from an old-school dormitory, when it opens in 2019, the new tower will include a pool, roof deck and other modern amenities. [Curbed] ... [more]
12/15/2017 07:55 PM
Facing a housing crunch, plans are set to add 10,000 units in the heart of Silicon Valley
The Mountain View City Council approved a massive redevelopment plan that would see 10,000 new homes and 3.6 million square feet of office space built in the area around Google’s headquarters. Turning Mountain View’s North Bayshore from a suburban office park to a city-like campus could take as long as 10 years to accomplish. Local officials say it could be a growth model for a region that added 367,000 jobs and only 57,000 homes between ... [more]
12/15/2017 07:37 PM
After 1,500-store expansion, Mattress Firm sues its real estate team and prepares to trim
Mattress Firm, the Houston-based retail chain that has added 1,500 locations since 2010 in an effort to be a national powerhouse, is suing two of its former real estate executives, its outside broker and a group of developers over the vast expansion. The company alleges in its suit that its former employees, Bruce Levy and Ryan Vinson, as well as Colliers International Vice President Alexander Deitch, conspired with developers to fraudulently push the company into ... [more]
12/15/2017 07:15 PM
Miami Worldcenter co-developer buys waterfront lot in Manalapan
An affiliate of the Boca Raton hedge fund Strand Partners just paid $13.5 million for a piece of waterfront land in Manalapan, property records show. Boca Isle Holdings LLC, led by Strand Partners hedge fund manager William Powers, acquired the 2.13-acre lot at 1020 South Ocean Boulevard from 1020 South Ocean Blvd LLC, which is tied to Wexford Capital. Powers, a co-developer of Miami Worldcenter, paid about $145 per square foot for the oceanfront lot. ... [more]
12/15/2017 06:30 PM
Slash and earn: the biggest residential price cuts in South Florida
From the December issue: Sometimes the original pricing just doesn’t cut it. Amid a continuing oversupply of inventory and shrinking buyer pool, Miami’s luxury home sellers are issuing increasingly substantial price reductions to move their properties, The Real Deal’s research shows. “I think what you are seeing is that the game has changed, and not many brokers are strong enough to tell — or don’t have the confidence to tell — a seller where they need ... [more]
12/15/2017 05:30 PM
National Cheat Sheet: New co-president at Brown Harris Stevens, the real estate terms of the Fox-Disney deal … & more
Realtors Association making final push to save incentives in GOP tax plans The National Association of Realtors, the largest real estate lobbying group, is making a last-minute push to protect its 1.3 million members as the House and Senate reconcile a final tax bill. NAR’s primary complaint is the looming change in amount of time homeowners need to keep a property as their primary residence before avoiding capital gains taxes on a sale. [TRD] JLL ... [more]
12/15/2017 04:30 PM
Ram, Pinnacle sell Hollywood apartment complex for $90M
Ram Realty Services and Pinnacle Housing Group just sold an apartment complex in Hollywood for $90.3 million to a trust fund managed by JP Morgan, property records show. Parc Station Acquisition LLC, an affiliation of Commingled Pension Trust Fund, paid about $269,000 per apartment for the 336-unit building at 2300 North 29th Avenue. Monthly rents start at $1,550. Amenities include a pool with cabanas, a fitness center, outdoor kitchen and a clubhouse. Ram and Pinnacle ... [more]
12/15/2017 03:30 PM
Xceligent shuts down, files for Chapter 7: source
Real estate data firm Xceligent, which has been embroiled in a multimillion-dollar lawsuit with CoStar Group, shut down operations Thursday and filed for Chapter 7 liquidation, according to a source familiar with the matter. A note was sent out to staff Thursday informing them about the decision, according to a source who read it. Employees were asked to vacate the building immediately, and Xceligent’s website was down as of Thursday evening. “At this point all ... [more]
12/15/2017 02:45 PM
The Real Deal South Florida’s winter issue is live!
No one’s saying things are looking 100 percent dire in South Florida, but with a continued slowdown in several sectors, the industry is dealing with a few less-than-promising conditions in today’s market. And that’s having a trickle-down effect. Our cover story investigates just how much bacon real estate pros are bringing home across a dozen different job categories. TRD found that while some are doing just fine amid the slump, there is a large segment ... [more]
12/15/2017 01:45 PM
Tax conference close to reconciling key pass-through issues for real estate firms: sources
From TRD New York: Members of Congress are inching closer to reconciling key differences for which real estate companies would qualify as “pass-throughs” for tax cuts, sources close to the talks told The Real Deal. The original House and Senate tax bills differed in which firms organized through pass-throughs, such as LLCs, would qualify for lower tax rates on certain income. The House version was seen as being more favorable to “capital-intensive” real estate firms ... [more]
12/14/2017 11:30 PM
Bess Freedman named co-president of Brown Harris Stevens
From TRD New York: Bess Freedman — Brown Harris Stevens’ second-in-command — has been promoted to co-president of the residential brokerage. In that role, she will run the firm alongside longtime brokerage head Hall Willkie, Willkie told agents in an email Thursday. “It has been several years since my role as president can be accomplished by just one person,” he wrote. “We are all extremely fortunate to work with Bess, and it is my honor ... [more]
12/14/2017 10:30 PM
Alex Karakhanian sells building on Wynwood-Edgewater border to Morgan Reed Group
Developer Alex Karakhanian sold a building at the border of Wynwood and Edgewater to Morgan Reed Group for $10.7 million. The Miami-based real estate firm bought the property at 1900 Northeast First Street with plans to convert it into a creative office building, brokers Tony Arellano of Metro 1 and Devlin Marinoff of Whitehall Realty told The Real Deal. It was on the market for $13.7 million, according to marketing materials. The 58,500-square-foot, three-story building ... [more]
12/14/2017 09:08 PM
St. Regis Properties sells Venetian Islands home
St. Regis Properties just sold a waterfront home in the Venetian Islands for $6.25 million to interior designer Moises Esquenazi Shaio, property records show. The 5,186-square-foot home at 510 West Dilido Drive traded for about $1,205 per square foot. St. Regis Properties CEO John F. Allen signed the deed. Records show the company bought the property in 2013 for $4.2 million. Douglas Elliman’s Dina Goldentayer and Sladja Stantic brokered the deal and also sold their ... [more]
12/14/2017 08:00 PM
The broker confidence crisis
Steve Shull, a retired NFL linebacker, has been coaching real estate agents since 1993. He knows from experience that the brokerage business is cyclical: When the market is hot, paychecks are fat. But over the past few years that simple rule no longer seems to hold true. “This should be high time for agents,” Shull said, “and I don’t think it is.” Home prices in New York are much higher than they were a decade ... [more]
12/14/2017 07:30 PM
The new players in the co-working game? Equity Office and Hines
From TRD New York: Co-working is coming for two of the country’s leading office building owners. Blackstone Group-owned Equity Office and Houston-based Hines have both released RFPs looking for partners to help them gain experience in the co-working business currently dominated by WeWork, according to Reuters. Equity Office is particularly interested in figuring out how to make tenants more interested in their Howard Hughes office complex in Los Angeles, and the company expects responses to ... [more]
12/14/2017 07:00 PM
Miami Beach broker files plans for Wynwood hotel
A Miami Beach broker submitted plans last month for an eight-story hotel in Wynwood, The Real Deal has learned. High Cube LLC, a company controlled by Sterling Equity Realty broker Robert Ziehm, filed a building permit with the city of Miami for an eight-story, 95-room hotel at 51 and 45 Northwest 28th Street, according to documents obtained by TRD. Ziehm confirmed he plans to develop the site into a hotel concept that has not been ... [more]
12/14/2017 06:36 PM
UniVista Insurance buys new HQ along Miami River
Miami-based UniVista Insurance just purchased a new office building along the Miami River where it plans to move its headquarters. Property records show Riverside Property Building LLC, led by UniVista CEO Ivan Herrera, paid $10.2 million for a four-story office building at 528 Northwest 7th Avenue. The 15,000-square-foot building sold for about $680 per square foot. The seller, GLF Construction Corp., bought the property in 2012 for $1.8 million. It was completed last year and ... [more]
12/14/2017 05:40 PM
Hedge funder Daniel Nir nabs Surf Club Four Seasons penthouse for $12M
Hedge funder Daniel Nir and philanthropist Jill Braufman plunked down $12 million for a new penthouse in Surfside. The couple closed on Penthouse 3 in the north tower of the Four Seasons Private Residences at The Surf Club, property records show. Nir is founder and CEO of Gracie Capital, a New York hedge fund. Last year, Nir and Braufman sold their Upper East Side co-op in Manhattan for $52 million. At the Four Seasons in ... [more]
12/14/2017 04:30 PM
TBD Group sells Edgewater dev site on Biscayne Blvd. for $5M
A Miami real estate investment and development firm just flipped a site in Edgewater for $5.24 million. Property records show an affiliate of TBD Group, a Key Biscayne company owned by Miami architects Tamara and Bernadette Despujols and their parents Leonor Ortega and Claudio Despujols, sold the 0.37-acre lot at 3200 Biscayne Boulevard to Green Circle Development, led by Sexton E. Garcia. It sold for nearly $330 per square foot. The site is zoned T6-36a-O, ... [more]
12/14/2017 03:33 PM
Software company founder sells mansion near Jupiter
Marc Laukien, the founder of the local software company ZeroC, just sold his waterfront mansion near Jupiter for $5.1 million, property records show. Laukien sold his 9,310-square-foot home at 19307 North Riverside Drive for about $550 per square foot. His company designs tools for software developers. Records show he paid $3.9 million for the house in 2011. It sits on nearly an acre of land north of Tequesta Drive. The buyer, Richard Theryoung, is an ... [more]
12/14/2017 02:45 PM
JLL goes high tech to track shopping habits
From TRD New York: JLL signed a deal with a firm that analyzes pings sent from mobile devices to track consumer shopping habits, the latest indication that the notoriously low-tech commercial real estate industry moving to catch up with the times. The world’s second-largest CRE services firm cut the two-year deal with Atlanta-based Alexander Babbage, which JLL said will provide valuable information to landlords and retailers about buying, selling and leasing shopping centers, the Wall ... [more]
12/14/2017 01:45 PM
Neighborhood dive: Coconut Grove reinventing itself as a luxury enclave
Coconut Grove has long played an important role in Miami’s transformation into a bustling metropolis. Discovered in the early 19th century by mariners attracted to bubbling freshwater springs along its coastline, it was one of the city’s earliest settlements founded by maritime traders from the Bahamas and Europe. After its official founding in 1873, Coconut Grove went through several evolutions during the next 100 years to become a tropical oasis for artists, intellectuals and modern-day ... [more]
12/13/2017 10:30 PM
Broward approves Related’s mixed-use project in Flagler Village
The Miami-based Related Group joined FATVillage partners Doug McCraw and Lutz Hofbauer in securing approvals for a mixed-use project near Fort Lauderdale’s trendy Flagler Village neighborhood. The Broward County Commission approved plans for the Gallery at FATVillage on Tuesday, a Related spokesperson confirmed. As planned, the 14-story, 168-unit project will include about 4,000 square feet of ground-floor retail space and a nearly 200-space parking garage. Out of the 168 apartments, 34 will be set aside ... [more]
12/13/2017 09:45 PM
Republicans claim they’ve reached a deal on tax overhaul
From TRD New York: House and Senate Republicans say they’ve agreed to a framework on a tax overhaul bill, which Congressional leaders said should be approved next week. As of Tuesday night, House and Senate negotiators were considering limiting deductions for mortgage interest loans to $750,000, according to Bloomberg. The House version had previously suggested a $500,000 cap, down from the current $1 million. Despite public claims that the agreement between House and Senate Republicans ... [more]
12/13/2017 09:23 PM
Fine suspensions extended for third time at Palm House in Palm Beach
The daily $2,000 fines leveled against a failed Palm Beach condo-hotel project plagued by investor claims of fraud will be suspended for at least another three months, according to Palm Beach Daily News. The Town Council unanimously agreed to continue the fine suspension for 120 days at the request of Cary Glickstein, who was appointed by a judge to oversee the completion of the Palm House project at 160 Royal Palm Way. The fines were ... [more]
12/13/2017 07:45 PM
Mas bros. team up with Beckham in pitch for Miami MLS stadium
Score! David Beckham has brought in powerful Miami siblings Jorge and Jose Mas to his investment group planning a multimillion-dollar Major League Soccer stadium in Overtown. The MasTec brothers, whose father founded the engineering and construction firm, have joined the venture, while majority partner and Los Angeles Dodgers co-owner Todd Boehly has bowed out, according to the Miami Herald. Beckham’s yearslong attempt to bring an MLS team to Miami is banking on approval from the ... [more]
12/13/2017 07:00 PM
East 41 mixed-use project in Hialeah scores approval
East 41, a mixed-use project that will bring retail, self-storage and more than 400 residential units to Hialeah, is underway after the city council approved to extend its business district regulations where the project’s developers plan to build. The current property owner, J.R. Realty Corp., led by David Small, is under contract to sell the development site to 1100 E. 41st Street LLC, led by Miami investor Rolando Delgado. Berger Singerman attorney Javier L. Vazquez represented the ... [more]
12/13/2017 06:30 PM
Fort Lauderdale sees biggest annual rent growth in Florida: report
Rents in Miami are notoriously high, but its sister city to the north actually experienced more rent growth over the past year, a new report shows. Average apartment rents in Fort Lauderdale jumped 6.6 percent year-over-year, marking the biggest annual increase in Florida, according to RentCafe’s November report. Fort Lauderdale renters can now expect to pay about $1,820 a month for an apartment. The growth makes sense given the amount of development both underway and ... [more]
12/13/2017 05:30 PM
Storm-damage repairs add millions to Miami Beach Convention Center renovation cost
This year’s storms have proven costly for the $600-plus million renovation and expansion of the Miami Beach Convention Center. To get the center ready for the annual Art Basel extravaganza, an extra $6.9 million was added to the $619.9 million renovation budget, the Miami Herald reported. The additional money was spent on workers cleaning up damage wrought by Hurricane Irma, as well as a storm coined the “rain bomb” that drenched Miami in early August. ... [more]
12/13/2017 04:40 PM
Realtors make last minute push on tax reform, warn of “hardship to millions”
From TRD New York: The largest voice for brokers in Washington is not finished lobbying on tax reform. The National Association of Realtors, by far the highest-spending real estate lobbying group, on Tuesday announced its final campaign to preserve homeownership incentives and brokerage business benefits in the new tax plan. The House of Representatives and Senate are reconciling a final bill, which some lawmakers expect to be ready for the floor by early next week. ... [more]
12/13/2017 03:30 PM
Developers see incubation as key to North Beach retail success: panel
To reimagine retail in North Beach’s Ocean Terrace, developers are looking to projects doubling as business incubators that they hope will seed the commercial landscape in Miami’s most popular neighborhoods. “We have started talking about what we want it to feel like,” said Sandor Scher, co-founder of Claro Development, which is redeveloping 2.2 acres in historic Ocean Terrace, at a Tuesday conference hosted by Bisnow on emerging neighborhoods. “Obviously, we want a lot of quality ... [more]
12/13/2017 02:45 PM
Retail landlords are using the courts to stop stores from closing — and they’re winning
From TRD New York: Retailers might want to think twice before closing a struggling store, as they could end up with a lawsuit on their hands. As shopping centers continue to struggle, landlords have started pushing back against stores that shut down by filing and winning court cases to prevent them from doing so, especially in instances where their closing would cause the landlord to take a huge financial hit, according to Bisnow. Whole Foods ... [more]
12/13/2017 01:45 PM
PHOTOS: Developers, brokerages celebrate Art Basel
The champagne, art and real estate flowed throughout Miami Art Week, with some developers hosting eye-popping exhibits and blowout parties to celebrate Art Basel. At the start of the week, Faena Miami Beach released a public art installation on the beach, including a “sinking Taj Majal” with giant chandeliers, a 2-ton concrete elephant and pieces of the abandoned Atlantic City Casino. Other events included an opening preview of Red Dot Miami and Spectrum Miami, two ... [more]
12/12/2017 11:30 PM
Construction company sells self-storage facility in Delray Beach to CubeSmart
Kaufman Lynn Construction just sold a self-storage facility it recently built next to its new headquarters in Delray Beach to CubeSmart for $17.75 million, property records show. The 132,000-square-foot facility at 3195 South Congress Avenue traded for about $134 per square foot. CubeSmart, a Pennsylvania-based real estate investment trust, owns or manages more than 900 self-storage locations across the country, according to its website. Last year, Kaufman Lynn Construction paid $3.2 million for the nearly ... [more]
12/12/2017 10:15 PM
Luxury apartments, new retail planned for Related’s CityPlace West Palm Beach
The Related Companies is proposing a major revamp of its CityPlace West Palm Beach. The New York development firm led by billionaire Stephen Ross plans to knock down the former Macy’s building and replace it with 350 luxury apartments, retail and restaurants, Related Urban President and CEO Kenneth Himmel said at a Palm Beach Chamber of Commerce event on Tuesday. Related is also planning to construct a 255,000-square-foot office building on a parking lot near ... [more]
12/12/2017 09:30 PM
The accounting reform that could be a game changer for co-working firms
From TRD New York: A change in federal accounting rules taking effect by 2019 could give co-working companies a major boost. Under the new rules, public companies will have to list office leases as liabilities on their balance sheets, which could make them look worse on paper. But there’s a loophole: if public companies sign a lease with a co-working space provider, and if the provider has a right to move the tenant, that lease ... [more]
12/12/2017 08:30 PM
Airbnb grapples with slow listing growth in major cities
From TRD New York: As Airbnb inches closer to going public, the company faces lackluster listing growth and questions over its expansion into more traditional hospitality ventures. Growth of listings in New York, Paris, Rome, London, Barcelona, Amsterdam and other cities, for example, slowed in 2017, the Information reported. The number of nights that homes in these cities were listed as available increased at a faster pace than the volume of listings, which hints that ... [more]
12/12/2017 08:05 PM
Coral Gables moving forward with Little Gables annexation
  The city of Coral Gables is moving forward with annexing the unincorporated neighborhood of Little Gables, according to the Miami New Times. The roughly 205-acre community, which lies just south of Southwest Eighth Street and east of Granada Boulevard, has about 90 trailer park homes in the Gables Trailer Park community. City officials recently discussed replacing the trailer park at 825 Southwest 44th Avenue, across from Graceland Memorial Park, with upscale development that resembles ... [more]
12/12/2017 07:00 PM
Cirque du Soleil founder buys trio of warehouses in Little Haiti
Cirque du Soleil founder Guy Laliberte is betting big on Miami. The Canadian theater impresario paid $6.9 million cash for a trio of new warehouses at 300, 310 and 320 Northeast 60th Street in Little Haiti, The Real Deal has learned. Laliberte, who founded Cirque du Soleil in 1984 and still owns a stake in the entertainment company, is partnering with Magic City developers Tony Cho, Bob Zangrillo and Plaza Equity Partners on the planned ... [more]
12/12/2017 06:15 PM
European retail giant to take over Westfield for $15.7B
From TRD New York: Westfield Corp., the operator of the World Trade Center mall in Lower Manhattan, Garden State Plaza in Northern New Jersey and several upscale shopping centers in London, has agreed to a $15.7 billion takeover by another giant in the shopping center industry: Unibail-Rodamco. The deal combines two of the biggest mall operators in the world at a time when malls are going through many well-publicized struggles, according to the Wall Street ... [more]
12/12/2017 05:30 PM
Neighborhood-based app Nextdoor raises $75M in latest round
From TRD Los Angeles: Nextdoor, the private social media app on which neighbors can find out about both block parties and break-ins, raised $75 million in a new round of funding that potentially values the platform at $1.5 billion. The startup raised the money in a new round of Series G funding in August, with shares issued at a price 28 percent higher than its previous round — putting its valuation at nearly $1.5 billion, ... [more]
12/12/2017 04:48 PM
Hurricane Irma wiped out affordable housing in the Keys
The already limited supply of affordable housing in the Florida Keys is in jeopardy following Hurricane Irma. As of November, more than 1,800 homes in the Keys were destroyed and 3,000 more had major damage, according to estimates from the Federal Emergency Management Agency. Any home or trailer with more than 50 percent damage must be rebuilt to new, higher standards. That means the working-class neighborhoods that took the hardest hit from Irma, like Big ... [more]
12/12/2017 03:40 PM
Barlington Group principals sell Little Havana property for $6.75M
Barlington Group principals Bill Fuller and Martin Pinilla just sold a property in east Little Havana three months after putting it on the market. Property records show 1393 LLC sold the office building and development site at 1393 Southwest First Street and 120 Southwest 14th Avenue for its asking price of $6.75 million to 1393 Building LLC, a company controlled by Miami attorney Jorge E. Blanco. The property hit the market in September with Marcus ... [more]
12/12/2017 02:45 PM
Greystone Development’s CEO leaves to launch own firm
From TRD New York: Greystone Development’s CEO Jeff Simpson is leaving the company to launch his own real estate investment and development firm, Arch Companies. Greystone Development’s head of acquisitions, Jared Chassen, is joining him. Thomas Ryan, who currently serves as head of operations, will replace Simpson on Jan. 1. Arch Companies will collaborate with Greystone on existing projects and future developments, the firm said in a statement Monday. Simpson joined Greystone in 2007 and ... [more]
12/12/2017 01:45 PM
HFZ’s COO jumps to Square Mile Capital
From TRD New York: HFZ Capital Group’s chief operating officer Laurie Golub is leaving the company after five years to become COO of Square Mile Capital. In June, Square Mile appointed co-founder Craig Solomon as its new CEO. The firm is an significant commercial real estate lender in New York and is in talks to finance Essex Crossing’s office component with a $250 million construction loan, and recently provided the developers of one of Williamsburg’s ... [more]
12/11/2017 10:41 PM
Astros owner scores construction loan for West Palm hotel
With a swing and a loan, interior demolition is now underway at a new hotel in West Palm Beach. Property records show Houston Astros owner Jim Crane just scored an $18.7 million mortgage from Woodforest National Bank for the project at 1655 Palm Beach Lakes Boulevard. The developer has started gutting the building’s interiors, Brian Perrault, a project manager at the construction firm Straticon, which is building the project, said. The hotel will have a ... [more]
12/11/2017 10:20 PM
The week in luxury: A map of Miami-Dade’s priciest condo sales
Art Basel may have distracted condo buyers in Miami-Dade County. Only 119 units sold last week for about $43 million, down from the previous week’s $63 million in sales volume. Condos sold for an average price of about $361,000, or $288 per square foot. Closing prices for the top 10 deals ranged from more than $1.1 million to nearly $2.4 million. The most expensive sale occurred at Grove at Grand Bay, where a four-bedroom unit ... [more]
12/11/2017 09:15 PM
Movers & Shakers: Easton Group hires new VP & more
The Easton Group has hired a former JLL adviser as a vice president. Elliot LaBreche, whose clients have included the Colombian government, Yamaha, Homes.com and others, will focus on expanding the commercial firm’s office and industrial-tenant representation business, according to a press release. LaBreche was previously with Cresa South Florida, which JLL acquired two years ago. Ex-JLL broker Andrew Easton started the company’s office investment and brokerage branch the same year. Penn-Florida Companies named Douglas ... [more]
12/11/2017 08:30 PM
Paydirt: When you’re a unicorn, they let you do it
From TRD New York: In 2014, Compass first felt the wrath of the white glove. The residential brokerage – and much as it loathes that term, that’s what it is, at least for now – had just poached Kyle Blackmon from Brown Harris Stevens, and Hall Willkie didn’t take too kindly to losing one of his top earners. “The value of Kyle’s or anyone’s equity will be dependent on the success of Urban Compass’ founders ... [more]
12/11/2017 07:50 PM
Resorts World in talks with the city of Miami to lease marina land
Resorts World Miami is in talks to lease land where it plans to build a marina, part of a multimillion-dollar redevelopment plan in Miami’s Arts and Entertainment District. The Genting Group subsidiary wants to lease submerged land that’s owned by the city of Miami and the Florida Department of Transportation, according to the Next Miami. FDOT acquired a portion of the land from the city to build the MacArthur Causeway, and has agreed to deed ... [more]
12/11/2017 07:01 PM
Ram Realty nabs land and financing for Deerfield project
Ram Realty Services just closed on the purchase of a site and construction financing for a mixed-use project in Deerfield Beach, property records show. Ram affiliate RRPIV Deerfield Station LLC paid $6.6 million for the 8-acre property on West Hillsboro Boulevard and Southwest 12th Avenue. The developer also closed on a $29.3 million loan for the property. IberiaBank is the lender, records show. Michael Harstad, vice president of construction for the company, said Ram plans ... [more]
12/11/2017 06:00 PM
GGP rejects Brookfield’s $15B buyout offer
From TRD New York: General Growth Properties rejected the $14.8 billion buyout offer from Brookfield Property Partners, which is now considering making a new bid. The move is not exactly a surprise, as industry experts considered the $23-per-share offer Brookfield made last month to be a lowball bid, and expected the company to make a second and final offer, Reuters reported. Brookfield offered cash and stock to buy the 66 percent of GGP that it ... [more]
12/11/2017 05:30 PM
Turnberry vet teams with Jackie Soffer on new Aventura brokerage
A Turnberry Associates veteran has launched his own brokerage with Jackie Soffer as a partner. Barrett Wolf opened Wolf Co. Real Estate Brokerage and Investments, a full-service commercial firm focusing on office and retail leasing, investment sales and hospitality, in late November, he told The Real Deal. Soffer, Wolf’s former boss, is a partner in the new company, which focuses on Miami-Dade County from Aventura to downtown Miami. Wolf plans to hire six brokers over ... [more]
12/11/2017 04:30 PM
Fort Lauderdale developer proposes resort hotel near Hard Rock Stadium
A South Florida developer just proposed a resort hotel near Stephen Ross’ Hard Rock Stadium. Fort Lauderdale-based developer Abraham Baker’s Mazex Holding LLC just filed plans with the city of Miami Gardens to develop a 600,000-square-foot resort hotel on nearly 40 acres of land near the stadium, according the South Florida Business Journal. The city, which owns the land at the northeast corner of Northwest 189th Street and Northwest 27th Avenue, is expected to negotiate ... [more]
12/11/2017 03:30 PM
How to win a house-bidding war
From TRD New York: Here’s one more thing the housing market crash changed: the frequency of all-cash deals. Almost 30 percent of home sales this year have been made in all-cash, reports the Wall Street Journal, despite increasing home prices. Pre-crash the figure of all-cash transactions for homes was at about 20 percent, reaching a high of 40 percent in 2011 and 2012, so it’s nothing new, but the enduring frequency of buyers throwing down ... [more]
12/11/2017 02:45 PM
Hilton’s answer to what the hotel rooms of the future will be like
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, heating, cooling and the room’s built-in electronics, according to the Memphis Business Journal. Guests download the app onto their phone and it becomes their remote control for their ... [more]
12/11/2017 01:45 PM
Lennar buys townhome project in Fort Lauderdale
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, EW Townhouses LLC, is an affiliate of Brick O. Real Estate, led by founder Daniel Avakian. Records show Avakian bought the land in 2014 for $4.1 million and started construction last year, according to a notice of commencement filed with ... [more]
12/10/2017 09:00 PM
Orlando shopping center owner files for bankruptcy
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 Delaware-based Elizon DB, which has a $14.3 million loan secured by the shopping center, and Bank of the Ozarks, which has a $4.3 million loan on the property. International Shoppes LLC, led ... [more]
12/10/2017 08:00 PM
Miami firm, partner pay $181,380 per unit for Orlando rentals
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 such employment centers as Walt Disney World, SeaWorld, the Orlando Convention Center and downtown Orlando. Fifteen Group made headlines in July when it sold a 110,000-square-foot building ... [more]
12/10/2017 07:00 PM
Insurer lends $19 million to buy Naples retail center
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, a subsidiary of publicly held Preferred Apartment Communities Inc., got a 12-year, non-recourse loan from Nationwide with a fixed 3.95 percent interest rate. In addition to Publix ... [more]
12/10/2017 06:00 PM
Kodsi gets $44.6 million loan on rentals in Estero
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 arranged a Fannie Mae loan secured by Estero Oaks, a 280-unit apartment property built in 2016 with a business center, clubhouse, dog park, gym, yoga ... [more]
12/10/2017 05:00 PM
Naples parking project leads to land-use suit
A Naples resident claims in a lawsuit that the city government exceeded its authority when it approved the redevelopment of a former restaurant property. Joan Fiore’s lawsuit in Collier County alleges that the Naples City Council violated the city’s charter and land development code by approving a Clearwater company’s plan to redevelop the site of the former St. George and the Dragon restaurant. Clearwater-based Brookline Cos. plans to build a four-level parking garage with three levels ... [more]
12/10/2017 03:55 PM
Environmentalists oppose mitigation bank for Bradenton development
Environmentalists object to a development company’s application to set aside a 260-acre “mitigation bank,” or distressed wetland, to advance its Bradenton condo development. The Florida Department of Environmental Protection (DEP) issued a notice of intent to approve a permit for the mitigation bank for an affiliate of Medallion Home, led by developer Carlos Beruff. Medallion Home would set aside a 260-acre site as a mitigation bank, or a distressed wetland that the company would restore ... [more]
12/10/2017 03:00 PM
Auto dealer complex planned in Volusia County
A multi-use commercial development with 13 automotive dealerships plus retail stores and restaurants could be coming to a 55.6-acre site along Interstate 4 in western Volusia County. County planners are reviewing the planned development, called I-4 Automall, which would include about 500,000 square feet of space for its automotive component alone. Each of the automotive dealerships would be 30,020 square feet in size. They would store vehicles and parts at a shared distribution center that ... [more]
12/10/2017 02:00 PM
Insurer wins reversal of seven-figure judgment in surety bond case
An insurance company won a reversal of a court decision that the company breached about $7.7 million of surety bond contracts in connection with a residential development in Cape Coral. In 2005, Lexon Insurance Company issued two surety bonds of about $7.7 million to ensure the completion city-ordered site improvements at the Village at Entrada residential development in Cape Coral in case the developer failed to do so. The project’s original developer stopped paying a ... [more]
12/09/2017 09:00 PM
The most expensive RE in the world has no fixed address
From TRD New York: The ultra-luxury condo, called The World, that takes the title of the world’s most expensive address sails where its residents whims, not the market, takes it. With 280 staff, the 43,000-ton vessel has 165 apartments and is a full-time home for its wealthy residents. “You sail to places that you could never go to even on your own yacht,” resident Chris Scatliff, 74, told Bloomberg. He and his wife bought a ... [more]
12/09/2017 08:00 PM
Boutique condo going up in downtown Sarasota
Developers broke ground for construction of a boutique condominium in downtown Sarasota with unit prices starting above $1 million. Five of the 16 units at 7 One One Palm are under contract, according to the developers, Patrick DiPinto, president of Sarasota-based Seaward Development, and his partner David Hargreaves. Unit prices at the five-story development at 711 South Palm Avenue range from $1.049 million to $1.2999 million. Mark Sultana of DSDG Architecture designed the condominium building, ... [more]
12/09/2017 07:00 PM
Major housing project planned in Titusville as its space industry expands
A developer wants to build 1,277 houses and rental housing units on about 500 acres in Titusville amid optimism about the space industry’s economic impact on the city. According to the city’s website, the developer of the Willow Creek Estates has proposed an amendment to Titusville’s comprehensive plan to advance the planned development on the city’s west side, at U.S. Highway 1 and State Road 405. The Kennedy Space Center is located on a barrier ... [more]

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