Certain conditions make the assets look a little more appealing. High dividends have some investors taking a second look at “class B” shopping centers. Due to falling share prices, mall operators’ dividends have increased dramatically, some well over 15 percent, the Wall Street Journal reported. For example, Tennessee-based CBL & Associates Properties and Ohio-based Washington…
In 2017, Airbnb collected and remitted $45.7 million in sales and local bed tax revenue to the Florida Department of Revenue and 39 counties that have signed agreements with the vacation rental platform, the company’s spokesperson said in a press release. Miami-Dade and Broward counties accounted for 40 percent of the total, or $18.3 million.…
In Coral Gables’ highly competitive office market, landlords are always seeking a slight edge in luring new tenants and retaining existing ones. But for the owners of Douglas Entrance at 800 Douglas Road, spending $7 million to renovate the office park’s lobbies, corridors, elevators, indoor common areas and its historic “La Puerta del Sol” ballroom…
Between 2012 and 2017, the median home price in Miami rose 57 percent to $275,000, according to Property Shark. In 39 of Miami’s 54 zip codes, the median price grew by more than $100,000. And the fastest growing zip codes included Edgewater, Buena Vista and Little Haiti, Coral Gables and Silver Bluff. Property Shark looked at closed…
The three-story Italian food hall at Brickell City Centre is finally set to open Feb. 16, more than a year after the Shops at Brickell City Centre were completed. In all, the 40,000-square-foot space on the northeast end of the mall at 701 South Miami Avenue will have 14 restaurants, five bars, a cooking school,…
Costa Hollywood Beach Resort will offer introductory rates starting at $219 per night for studios and one-, two- and three-bedroom suites. Aimed at families planning extended stays, each Costa Hollywood suite will be equipped with a full-size refrigerator, microwave oven and oven/cooktop. Suites range in size from 405 square feet to 1,275 square feet. Nightly…