Brightline Launches Selection Process for Treasure Coast Train Station
Railway firm Brightline has begun the process to select the site of its next station in Florida’s Treasure Coast, just north of Palm Beach County, fresh off the successful launch of its Miami to...
View ArticleVanguard to Grow Offshore Latin American Business With Remote Miami Team
Vanguard Group is looking to expand its offshore business for Latin American clients, with part of its team operating remotely in Miami, the company confirmed to Commercial Observer. However the...
View ArticleInternational Game Fish Association Sells Dania Beach HQ to Bass Pro Shops
Sports goods retailer Bass Pro Shops has purchased the headquarters of the International Game Fish Association (IGFA), located next door to its Outdoor World store in Dania Beach, Fla., for $12.5...
View ArticleDC Attorney General Sues 14 Landlords and RealPage Over Rent Fixing
Washington, D.C., Attorney General Brian Schwalb has sued 14 of the city’s biggest landlords, as well as software company RealPage, alleging that the landlords “illegally colluded” to raise rents...
View ArticleOriginal Cava Location Closes in Arlington, Va.
The Mediterranean restaurant that birthed the publicly traded chain Cava has closed in Arlington, Va., after 12 years. Three local friends opened the first fast-casual Cava Mezze at 2940 Clarendon...
View ArticleDisney Touts $40B Economic Impact in Florida Amid Battle With DeSantis
Disney is flexing its economic muscle in Florida. The company has released a report laying out its considerable economic impact on the state accompanied by an ad campaign, amid an ongoing legal and...
View ArticleDOJ Backs Renters in Price-Fixing Suit Against RealPage
The U.S. Department of Justice (DOJ) has entered into a massive antitrust lawsuit against software platform RealPage, backing the renters who are suing the company, and the landlords that use it, for...
View ArticleBayport’s Marcia Kaufman On the Lending Dynamics in D.C. and Florida
Bayport Funding is a balance sheet lender that primarily provides short-term loans for single-family or multifamily flips, or other value-add projects. The New York-based company is over three decades...
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Dayssi Olarte de Kanavos On Ritz-Carlton Projects in NYC and South Florida
Dayssi Olarte de Kanavos is the president and COO of Flag Luxury Group, which owns several Ritz-Carlton properties, including the newly completed Ritz-Carlton NoMad in Manhattan, which Flax Luxury...
View ArticleDisney-DeSantis Suit in Federal Judge’s Hands Now
A Florida judge will decide whether to dismiss Disney’s First Amendment lawsuit against the State of Florida, after hearing arguments from both sides Tuesday. The federal court in Tallahassee heard...
View ArticleMonday Properties Recapitalizes Nestlé HQ to Avoid Foreclosure
Monday Properties has recapitalized its debt on the Nestlé USA headquarters building in Arlington, Va., averting a foreclosure auction scheduled for this week, the company confirmed. A month ago,...
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Developers Secure $47M for Rare South of Fifth Office Building in Miami Beach
Real estate firms Sumaida + Khurana and Bizzi + Bilgili have secured $47.25 million in construction financing for The Fifth Miami Beach, Commercial Observer can first report. The five-story project...
View ArticleRent-Fixing Lawsuit Against RealPage Moves Forward
RealPage must face a class-action lawsuit claiming it conspired with landlords to artificially inflate multifamily rents, after a federal judge rejected the company’s motion to dismiss the case...
View ArticleDC’s Most Distressed Office Debt
The top 10 collateralized office loans facing distress in Washington, D.C. in December, amount to just over $1 billion in total and represent 4 million square feet of office space, according to data...
View ArticleThor Equities Secures $36M to Refinance Fort Lauderdale’s Beach Place Retail
Deutsche Bank provided $36 million to refinance Beach Place, a beachfront retail property in Fort Lauderdale, Fla. Thor Equities owns the 96,000-square-foot asset, which was 98 percent leased when the...
View ArticleHow the Biden Infrastructure Bill Can Be Used to Fund Housing
The $1.2 trillion bipartisan infrastructure bill that passed in 2021 was not designed to address housing. The Infrastructure Investment and Jobs Act (IIJA) was meant to remake America’s transportation...
View ArticleNYU Langone Buys West Palm Beach Office Building for $33M
New York University paid $33 million for the site of a planned medical building in West Palm Beach, Fla., for NYU Langone Health, around the corner from its existing outpatient office. Morning Calm...
View ArticleLender Takes Control of Dulles View Office Following CMBS Loan Auction
The Dulles View office complex in Herndon, Va., has been returned to its lender after the owner defaulted on a $51 million commercial mortgage-backed securities (CMBS) loan last year, according to...
View ArticleFormer HFZ Exec Nir Meir Arrested in Miami, Days After Filing for Bankruptcy
Nir Meir, formerly of New York’s HFZ Capital, has been arrested in Miami-Dade County and is facing out-of-state extradition, according to Miami-Dade records. Meir was arrested Monday evening as an...
View ArticleFlorida Looks to Ease Child Labor Laws With Industry Support
Two bills relaxing child labor restrictions are working their way through the Florida legislature, the combination of which could be a boon for the hospitality and construction industries — at the...
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