Entries by lionfuse

Restoration Hardware will open 7th Florida store in West Palm

Rendering of RH West Palm Beach Home furnishings retailer Restoration Hardware will open a new store in downtown West Palm Beach in November. It will be Restoration Hardware’s seventh Florida location. The retailer also has stores in Aventura, Jacksonville, South Miami, Tampa, Vero Beach and Winter Park. The new store in West Palm Beach will […]

Kaplan University’s parent renews Cypress Creek lease for 193,000 square feet

Cypress Creek Concourse The parent company of Kaplan University renewed a lease for 193,000 square feet of office space in Fort Lauderdale’s Cypress Creek area. It is the largest office lease executed in Broward County since 2015, according Jeffrey Samaras, executive managing director of brokerage firm Cushman & Wakefield. Kaplan Inc. renewed it lease of […]

Apartment property in Rockledge sells for $6.25 million

Rockledge Villas A 52-year-old apartment property next to a golf course in Rockledge sold for $6.25 million, or $67,204 per unit. A private investor in New York acquired the 93-unit apartment property, called Rockledge Villas. The six-acre property at 1525 South Fiske Boulevard in Rockledge was built in 1965 along the northeast corner of the […]

Hurricane Irma’s unofficial Florida death toll is 75

Eleven residents of the Rehabilitation Center at Hollywood Hills died after the nursing home lost air conditioning due to Hurricane Irma. (Source: Reuters) Hurricane Irma caused 75 deaths in Florida, according to the Miami Herald. The Florida Department of Emergency Management reported Friday that the hurricane caused 50 deaths statewide, including four in Miami-Dade County […]

August occupancy, room rates rose across South Florida

Ikona Hotel, 3030 Bayshore Drive, Fort Lauderdale (Credit: Sun-Sentinel) August occupancy rates and daily room rates rose from last year’s levels throughout tri-county South Florida, according to hotel research firm STR. The hotel occupancy rate in Miami-Dade County rose to 75.4 percent last month from 73.7 percent in August 2016, and the average daily room […]

Billionaire cuts asking price for Palm Beach estate by $22M

Aerial view of 1500 South Ocean Boulevard (Credit: Andy Frame) and Jim Clark (inset) Billionaire Jim Clark, co-founder of Internet browser company Netscape Communications, cut the asking price for his Palm Beach estate by $22 million to $122 million. Clark also put his estate in the local multiple listing service for the first time since […]

National Cheat Sheet: Online RE investment platform scores funding from Steven Cohen, Florida suspends construction rules to rebuild post-Irma … & more

Clockwise from left: Janet Yellen, Nile Niami’s “Opus,” Ray Sturm and Steve Cohen From TRD New York: AlphaFlow scores investment from Steven Cohen’s VC fund Online real estate investment platform AlphaFlow raised $4.1 million in a seed funding round this week. The investors were led by Steve Cohen’s Point72 Ventures and Resolute Ventures and included […]

Dropping soon: The Real Deal’s Los Angeles fall issue!

The Real Deal Los Angeles‘ fall magazine is set to hit newsstands this October! The upcoming issue is packed with the most important industry news and insider information, including a look inside the world of residential broker coaching and foreign investment in L.A. real estate. The October magazine will also look at the top commercial […]