Lake County landmark will reopen in January for events and tours

December 17, 2017 | Miami Real Estate
Interior view of the Howey Mansion The new owner of the legendary Howey Mansion near Orlando 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 Orla
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Wellington investor expected to sell Atlantic City casino for $200 million

December 17, 2017 | Miami Real Estate
Glennn Straub (Source: Casino.org) 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
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Jacksonville headquarters flipped for $2.67 million profit

December 17, 2017 | Miami Real Estate
Crowley Maritime Corp. headquarters in Jacksonville (Credit: Jacksonville Daily Record) 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
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Commercial project in downtown Orlando draws $74.8 million construction loan

December 17, 2017 | Miami Real Estate
Rendering of Church Street Plaza (Source: Orlando Sentinel) 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 Fo
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Takeover of Westfield malls would include a dud in Sarasota

December 17, 2017 | Miami Real Estate
Westfield Sarasota Square (Credit: TripAdvisor.com) 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 Sear
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Developer lands $24.3 million loan to build dual-flag hotel in downtown Tampa

December 17, 2017 | Miami Real Estate
Punit Shah, CEO of Liberty Group 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
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Redevelopment of Times-Union property won’t start before late 2018

December 17, 2017 | Miami Real Estate
The Florida Times-Union building in Jacksonville. 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
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Murder suspect is on the run after fatally shooting a father, cops say

December 17, 2017 | Miami Beach
A first-degree murder suspect remains at large almost a week after the fatal shooting of a Winter Haven father. The Polk County Sheriff's Office says Johnny Ray Owsley's murder of … Click to Continue » ...read more
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How do you prevent more urban sprawl in Florida? This new plan goes back in time

December 17, 2017 | Miami Real Estate
On a swath of farmland just three miles south of the Hillsborough-Manatee county line, the ground lays in wait. Agriculture equipment stands by to prepare for the crop of potatoes … Click to Continue » ...read more
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St. Lucie County wants South Florida’s mega-yacht business

December 17, 2017 | Miami Real Estate
Port of Fort Pierce 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 w
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