Finally, some great news to report on the local job front – The City of West Palm Beach unanimously approved the planning and zoning of the Palm Beach Outlet Mall! The Palm Beach Post is reporting that a new economic study is projecting the Outlet Mall will create up to $82 million in annual wages [...]

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 [...]

Forbes Magazine created a list of “America’s most miserable cities”.  According to their rankings, Miami came in at No. 2 and West Palm Beach came in at No. 8.  Obviously, the writers of this article took a long hard look at the housing market when making their decisions, but how does that make an entire [...]

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 [...]