Lets keep our fingers crossed.  There are still hurdles to jump, but it seems as though two new projects are at least moving in a forward direction.  The proposed Convention Hotel will be built on the parcel of land just west of City Place South Tower, while the old City Hall site on Banyan [...]

This is the question being asked in a promotional video sponsored by the Downtown Development Authority staring city officials, local icons and full time residents.  The video is a pitch to the Monrovia, California chain that has 365 stores in 31 states and is expanding to Florida with a store opening in Naples next week. [...]

CityPlace mixed-used development in West Palm Beach has been spared from foreclosure proceedings with the successful negotiations of a loan modification by Miami Dolphins owner Stephen Ross.  The full terms of the modification have yet to be released, but the South Florida Business Journal is reporting a “tranche A” of $100 million and a “tranche [...]

Despite high occupancy rates for the crown jewel of Downtown West Palm Beach, the owners of CityPlace are experiencing financial difficulties.  The Palm Beach Post reported that an entity affiliated with LNR Partners of Miami Beach recently filed foreclosure proceeding in Palm Beach County Circuit Court on CityPlace Retail LLC.  The company fell behind on [...]

Palm Beach Condo Company’s main focus, as you may have guessed, is to work with buyers, sellers, landlords and tenants within the condo community of Palm Beach County.  Shocking… I know.  We’ve found that many of our buyers, who happen to originate from beyond our national boarders, are capitalizing on a favorable exchange rate to [...]

Florida State University President, Eric Barron, and Digital Domain Chairman, John Textor, were on hand earlier this week for the official introductory ceremony of the new Downtown West Palm Beach campus where students will earn a Bachelor degree in Fine Arts and eventually a Masters degree in Digital Media.  This new scholastic program will couple [...]

Mr. Frank Howard Jr, a Jupiter native, is the managing partner of Gulfstream Capital Partners, a Dallas based firm. Gulfstream Capital Partners acquired the remaining 305 units of inventory at CityPlace South Tower in late 2010.  Prior to Gulfstream’s purchase, a Scotia Capital-led conglomerate of lenders proceeded with a friendly foreclosure on The Related Group [...]

It’s official!  According to public records, City Place South Tower sold to Gulfstream Capital Partners earlier this week.  The remaining 305 units were sold for $63.94 million (approximately $170 per square foot.)  Palm Beach Condo Company’s Broker, Brian Saver, was quoted in last Friday’s Palm Beach Post article saying “It shows that a savvy investor has [...]

According to the Palm Beach Post, CityPlace South Tower contracted to sell its remaining 308 homes to Gulfstream Capital Partners in a bulk transaction.  The exact price for the sale has yet to be disclosed.   Gulfstream Capital Partners, a Dallas-based firm, owns a multitude of residential and mixed-use properties across the region.  Gulfstream’s Frank [...]