Hammock Plaza in the West Kendall area of southern Miami-Dade County was sold for $10.5 million.
Hammock Plaza Inc., a Miami-based company managed by Jose Hevia and Manuel R. Hernandez, sold the 48,995-square-foot retail center at 11735 S.W. 147th Ave. to Coral Gables-based Hammock Plaza Center LLC. The price equates to $214 per square foot.
Popular Community Bank provided a $10.5 million mortgage to the buyer, with attorney Kevin L. Deeb signing as the owner’s representative.
William Hernandez,…
Good morning, South Florida.
1. Starwood for sale
Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) says it is exploring a sale after its CEO resigned amid a spate of slow growth. The company owns St. Regis, Westin, Sheraton and W Hotels brands, and operates properties across South Florida, including the St. Regis Bal Harbour Resort and the Westin Fort Lauderdale Beach Resort. Starwood only has about half the number of rooms as Marriott International Inc. (Nasdaq: MAR) or Hilton Worldwide Holdings…
Synergy Workspaces will open an executive office suites center at One Biscayne Tower in downtown Miami.
The company signed a 26,144-square-foot lease for the entire 32nd floor of the building and will open on April 30. Taylor & Mathis’ Brian Gale and Ryan Holtzman represented the landlord for the 14-year, $13.5 million deal while the tenant was represented by Carlos Rosero of Green Point Partners. Roserois also seeking tenants for the shared workspace.
This is the first location for the company.
“We…
Aloft South Beach will officially open May 28, representatives from the hotel announced this week.
The 235-room hotel was built on the foundation of the historic Ankara Motel at 2360 Collins Avenue in Miami Beach and was expected to open Feb. 26. But construction delays pushed its grand opening back, said Spokeswoman Raven McMillan.
JMH Development, Madden Real Estate Ventures and Starwood Hotels & Resorts were behind the effort to create the modern hotel, which features nine-foot ceilings in its…
Noble Investment Group has acquired the Renaissance by Marriott Fort Lauderdale Cruise Port hotel for $48.1 million, according to Broward County property records.
NF III Ft. Lauderdale LLC, an affiliate of the Atlanta-based hospitality real estate investment firm, bought the hotel at 1617 S.E. 17th St. in Fort Lauderdale from RFL MTGL8, LLC, a company managed by Diego Rico in Palm Beach Gardens.
RFL MTGL8, LLC sold the 225-room property for a 20.3 percent profit over its purchase price of $40 million…
NextEra Energy (NYSE: NEE)
The Juno Beach-based energy company saw profits increase in the first quarter of 2015 as its subsidiary NextEra Energy Resources continued to add renewable energy projects. The results:
Revenue: $4.1 billion, up from $3.7 billion Net income: $650 million, up from $430 million Earnings per share: $1.45, up from $0.98
“NextEra Energy Resources delivered excellent adjusted earnings growth and had an excellent quarter in terms of new contracted renewables origination,…
Mark North, president of Espírito Santo Bank, is stepping down from his post and from the bank's board of directors, effective immediately, as it appears the bank is closer to finding a buyer.
North, who has been with the Miami-based bank for 11 years, has decided to pursue other interests, the company said. He was also the CEO of the bank until 2012.
“We are grateful to Mark for his service as part of our leadership team and we wish him every success with his new endeavors,” said G. Frederick…
If you're looking for the best city in the state of Florida in which to start a new business, head to Tallahassee, according to a new analysis by WalletHub.
In order to help aspiring entrepreneurs maximize their chances for long-term prosperity, WalletHub analyzed the startup opportunities that exist in the 150 most-populated U.S. cities using 13 metrics, ranging from five-year survival rate and the affordability of office space to the educational attainment of the local labor force.
Other Florida…
Key Biscayne Mayor Mayra Peña Lindsay says Miami and the National Marine Manufacturers Association are keeping the village in the dark about its plans for next year's boat show.
"We have been met with total resistance," Lindsay said. "Planning ... without transparency and not being accountable does not work."
Key Biscayne has filed lawsuits against Miami and most recently, the National Marine Manufacturers Association, which organizes the Miami International Boat Show. Lindsay says Key Biscayne…
Fort Lauderdale-based Nipro Diagnostics received U.S. Food and Drug Administration approval for its latest blood glucose monitor.
The True Metrix Air device allows people with diabetes to test their blood glucose level and send the data wirelessly to a smartphone. It is scheduled to be released in the next few months.
“Nipro Diagnostics’ customers have a better way to deliver superior health and wellness products that empower people with diabetes and their health support network to make better…
