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Real Estate Transactions Archives

Commercial real estate refinanced to have more time to sell

One South Florida property owner has refinanced in order to be provided more time to sell the land. The loan has been negotiated by a Miami-based firm for $36.5 million and involves vacant tracts in Hillsboro Beach and Boynton Beach. The commercial real estate lender has provided the loan over a period of 24 months.

Proposed condominium construction on the rise in South Florida

Proposed projects in the South Florida area in recent months could mean the addition of more than 24,500 condominium units. This number of units comes a long ways towards matching the number of units that were created during the real estate boom that began in 2003.