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…
Of five sites in Miami-Dade submitted in a regional bid, three are in or near Overtown, Miami Mayor Francis Suarez told The Real Deal. Real estate investor Mitchell Newman owns one site; Michael Simkins owns the other – the Miami Innovation District property in Park West; and the third is the mixed-use Miami Worldcenter project site,…
The 18,000-acre town unfolding northeast of Fort Myers will run on solar power from a 440-acre field of photovoltaic panels Residents this month started to move into newly built houses at Babcock Ranch, a solar-powered town unfolding northeast of Fort Myers. Spanning 18,000 acres, Babcock Ranch is expected to have 19,500 homes and a population…