Mountain View
Akeena
Florida Condo Terminated and Now Targeted for $5M Foreclosure
A condominium building in Bay Harbor Islands may soon be seized as part of a $4.69 million foreclosure lawsuit. The complaint was filed on September 30 in Miami-Dade County Court by APC BX Trust against 9720 W Bay Harbor Dr LLC, the company that owns the eight-unit building at 9720 W. Bay Harbor Drive. The lawsuit also names guarantors Zvi Yosifon and Ori Darmon.
Macy’s Sells Closed Florida Store in Major Deal with Developer and Private Equity Firm
In a significant real estate deal, Macy’s has sold one of its shuttered stores at the Pompano Citi Centre mall to a partnership between The Morgan Group and private equity firm Carlyle Group for $10.86 million. The sale includes the former Macy’s retail building and surrounding parking lots, setting the stage for a large residential development on the site.
Bank Seeks $3.3M Foreclosure on Real Estate Tied to Local Electronics Company
United Community Bank has filed three foreclosure lawsuits in Miami-Dade County, seeking to recover $3.26 million from real estate tied to Camlem Trade, a Doral-based electronics wholesaler primarily serving Latin American customers. Despite filing for Chapter 11 bankruptcy in July, Camlem Trade, also known as CMTRD LLC, remains operational.
Florida Shoe Brand Announces New Board Members Following Bankruptcy
Shoes For Crews, a Boca Raton-based company known for its non-slip footwear, has made significant leadership changes as it emerges from Chapter 11 bankruptcy. The company announced the appointment of Jame Donath, Chris Quinn, and Colin Browne to its board of directors on October 1, marking a new chapter for the safety shoe retailer.
After Nearly 40 Years, Family-Owned Lotus Garden Thai Restaurant in Coral Gables Closes Its Doors
Lotus Garden, a beloved family-owned Thai restaurant that served the Coral Gables community for almost four decades, has officially closed its doors. The cozy spot, run by Cathy Nguyen and her brother Swadee, has long been a neighborhood favorite, providing authentic Thai dishes and a warm, welcoming atmosphere to generations of families.
Miami’s Homeless Face Challenges as Public Sleeping Becomes Illegal in Florida
A new law that went into effect this week has made it illegal to sleep in public across Florida, raising pressing concerns about what will happen to the state's homeless population, particularly in Miami. This controversial move has left many, like Ileana Napoleoni, who has been living on the streets of downtown Miami since early this year, facing even more uncertainty. Napoleoni, who has already lost most of her possessions, including her daughter’s ashes, now fears losing what little freedom she has left.
New York Company Buys 350 Apartments in Florida for $144 Million
The Quaye at Wellington apartment complex has a new owner, and it’s made quite a splash in the real estate market! A New York-based company, the Dermont Co., purchased the 350-unit property for a staggering $144.22 million from Quaye at Wellington Inc., an affiliate of San Francisco’s Stockbridge Capital Group.
Florida Warehouse Owner Files for Bankruptcy with Over $5M in Debt
Aphex Holdings, a company based in Hollywood, has filed for Chapter 11 bankruptcy, citing $5.36 million in secured debt. The bankruptcy petition was submitted on September 18 in U.S. Bankruptcy Court in Fort Lauderdale. The company's sole owner, Bryan Hacht, signed the petition, which marks a significant financial challenge for the warehouse owner.
South Florida Real Estate Leader Jack Lowell Passes Away, Community in Mourning
The South Florida real estate community is mourning the loss of Jack Lowell, a beloved and respected leader who served as the executive vice president of Colliers South Florida. Lowell, who was also a former chairman of Miami-Dade's main economic development agency, the Miami-Dade Beacon Council, passed away on September 28 in Boston. He was surrounded by his wife and family after a brief battle with cancer. He was 81 years old.
Buffet in Florida Closed After Failing State Inspection
It looks like Buffet City in Winter Haven has had a bit of a rough patch, as the popular eatery was temporarily shut down after a state inspection found a whopping 32 violations. This news may come as a surprise to fans of the restaurant, which has built a reputation as a go-to spot for a wide variety of dishes, ranging from seafood and sushi to hibachi.
A popular California Kitchen restaurant in Florida Shut Down After State Inspection
A popular California Kitchen restaurant in Wellington, Florida faced an unexpected hiccup recently, after being temporarily shut down following a state inspection. The location, situated at 10300 W Forest Hill Boulevard, was forced to close its doors after inspectors found several violations during a routine check by the Florida Department of Business and Professional Regulation on September 19, 2024.
Florida Penthouse Sold for $16 Million in Exclusive Off-Market Deal
A stunning penthouse in Palm Beach has just been sold for a whopping $15.7 million, and it’s turning heads in the real estate market! The luxurious Penthouse A at the six-story Kirkland House condo, located at 101 Worth Ave, was sold by a trust associated with Torrington, Connecticut developer Roderic M. Oneglia. The lucky new owner? Nicholas Adams.
The Top Earners in Florida – The Income You Need
Ever wondered what it takes to be among the top 1% of earners in Florida? Well, the bar is pretty high, and it's getting even higher. According to a recent Business Journals analysis of data from the IRS, you'll need to make at least $756,238.88 to be part of Florida's most elite earners club. That’s a big jump from previous years and part of a trend we’re seeing nationwide.
South Florida Foreclosure Rates Among the Highest in the Nation, Report Says
South Florida’s booming real estate market may be cooling off, and there are growing signs of economic strain. According to a new report, the region is now facing some of the highest foreclosure rates in the country.
Florida's New Specialty License Plates Are Here: When Can You Get One?
Big news for Florida drivers! Starting October 1st, there will be a whole new set of specialty license plates available, thanks to House Bill 403 (HB 403). If you’ve always wanted to show off your favorite cause, university, or theme park on your car, you’re in for a treat – because Florida’s already impressive list of over 100 specialty plates is about to get even longer!
57-Story Miami Tower’s Retail Condos Facing Foreclosure Auction
It looks like the retail space at the base of Miami's 57-story 50 Biscayne condominium is facing some serious financial trouble. After the owner lost a $4.27 million judgment, the retail condos are now slated for a foreclosure auction – a big shake-up in downtown Miami's real estate scene.
Florida Hotel Operator Shifts Focus from Florida to New York After $69 Million Loss
LuxUrban Hotels, a Miami-based hospitality company, is making a big move to turn things around after a rough year. Despite losing nearly $69 million in the first half of 2024, CEO Rob Arigo says he's optimistic about the future. During a recent earnings call on September 25, he shared that the company has decided to exit the Florida hotel market and instead focus on nine hotel properties in New York City. This change is part of their “Lux 2.0” plan to cut down on expenses and boost profits.
Florida Zaxby’s Shut Down After Failing State Inspection– You Won’t Believe What They Found
If you're a fan of Zaxby’s in Florida, this might come as a bit of a shock. One of their Tallahassee locations recently had to temporarily shut down after failing a state inspection, and the details are pretty surprising!
Florida Loses Its Top Spot – Here’s the New Most Popular Move-In State
It looks like Florida is no longer the "it" state for those looking to relocate. According to a recent report from PODS about moving trends for 2024, Florida has officially lost its long-standing spot as the No. 1 destination for move-ins. So, where is everyone headed instead? Well, it turns out that the Carolinas – both North and South – are the new hot spots!
$30 Million Deal. Versace Store’s Worth Avenue Building Sold
In a big move on Palm Beach's iconic Worth Avenue, a prime retail building has just changed hands for a whopping $30.26 million. This notable transaction is making waves in the world of luxury real estate, and it’s easy to see why!
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