The Azure condo complex in Palm Beach Gardens The developer of a waterfront condominium complex in Palm Beach Gardens has finished construction and has sold almost all the units for a total of $155 million. Units at the condo complex, called Azure, have sold at prices ranging from $900,000 to $3 million. Two the 101 units remain unsold, including a 3,200-square-foot unit priced at $2 million and a 4,850-square-foot unit priced at $3.3 million. The developer, Tom Frankel of Frankel Enterprises, told the Palm Beach Post that most of the buyers who closed on their purchases of condos at Azure have moved into them. Azure is a five-story, two-building condo complex next to the Loggerhead Marina at Donald Ross Road and the Intracoastal Waterway in ...

Forget building equity over decades and decades. Increasingly, leasing a house over a much shorter span is the norm in South Florida, where the renting of suburban-style houses appears to be on an upswing, potentially leading to pressure on home prices. “The single-family rental market is extremely strong, and historically so,” said Yoni Dahan, the founder of World Class Realty, an Aventura-based firm that renovates and leases rental houses. “If the trend could be charted, it would show a curve that’s going up.” For many would-be buyers, housing prices are too steep and interest rates are climbing, while wages seem stuck, according to developers, investors and brokers. Such conditions make renting attractive. Adding to demand, brokers said that the new federal tax law — which ...

Broward County issued an RFP for “a phased, 10-year buildout” of 140 acres of surface parking space around the arena. Broward County is hoping to score a win for its 20-year-old arena, the BB&T Center, home of the National Hockey League’s Florida Panthers. In September, the county government was in the process of selecting a private firm to produce a master plan for the redevelopment of approximately 140 acres of surface parking space around the Sunrise arena. Finding feasible ways to repurpose all that arena parking won’t be easy, though, because new hotel rooms, residential units and offices are already being developed at properties nearby, including the 32-acre, mixed-use Westerra project and the 65-acre Metropica megaproject. “There’s a lot of stakeholders involved,” said Lary Mahoney, ...