In a significant move towards urban development, the City Commission of Coconut Creek has greenlit a major rezoning application for the MainStreet @ Coconut Creek PMDD (Planned MainStreet Development District). This pivotal decision, made at last week’s city meeting, sets the stage for a transformative...
Rosemurgy Properties is building a self-storage facility in Boca Raton after obtaining a $13.33 million construction loan....
Rosemurgy leads the privately owned commercial real estate development, investment and management firm. Since taking the helm in 2010, its portfolio has grown to over $700 million in assets under development and management throughout the Southeast....
Park Partners Residential, owner and operator of value-add and luxury multifamily apartment communities, and Independencia Asset Management have completed the $77,750,000 acquisition of The Commons, a multifamily residential community addressed as 8050 Gables Commons Drive in Orlando. ...
The joint venture between the two firms received a $58.5 million construction loan to fund the full renovation of the 280-unit multifamily property Orlando, FL – March 22, 2022 – Park Partners Residential, owner and operator of value-add and luxury multifamily apartment communities, and Independencia...
Facing a hot housing market, West Boca is the latest South Florida community on the brink of seeing big growth: A luxury homebuilder has plans to replace swaths of farmland with more than 1,900 new homes....
The multifamily market prospered this year as an onslaught of demand pushed up rents to scorching rates, and investors took note. Much of the demand came from out-of-state transplants attracted to the region’s early reopening, lack of state income tax and the ability to work...
Just Salad will open its fifth South Florida location in West Boca at Uptown Boca, 9674 Glades Road. Just Salad’s expansion introduces the West Boca community to a new fast casual experience–one that combines healthy and environmentally sustainable choices. Just Salad is known for its...
The Vue on 67th in Davie, near the South Florida Education multi-college campus, sold for $34.65 million. Bala Scandia LLC, managed by Richard P. Giles as president of Boca Raton-based Park Partners Residential, sold the 178 apartments at 4151 and 4199 S.W. 67th Ave....
South Floridians are reveling in the strong employment market, but there is always a tradeoff. Multifamily dwellers are paying higher rents due to pent-up demand created by the job opportunities attracting new residents, according to a report from commercial mortgage servicer Berkadia. Rents increased even...