Golf Villas Trades for $10.8M

Sabal Palm Associates LTD has sold the Golf Villas apartments located at 5900 NW 46th Terr. in Tamarac, FL to YMP Golf Villas LLC for $ 10.75 million, or about $ 65,000 per unit. Golf Villas is a 17-building, 145,100-square-foot multifamily community built in 1985 on approximately 11
Read More

Motorola Mobility Takes Nearly 600,000 SF in Downtown Chicago

Google’s Motorola Mobility announced Thursday its plan to move its headquarters from Libertyville, IL, to downtown Vornado Realty’s Chicago Merchandise Mart by next summer. The mobile phone maker inked a lease for 572,000 square feet to house 3,000 workers on the top four floors
Read More

Market Trend: South Florida’s Retail Vacancy Decreases to 5.9%

The South Florida retail market did not experience much change in market conditions in the second quarter 2012. The vacancy rate went from 6.0% in the previous quarter to 5.9% in the current quarter. Net absorption was positive 340,191 square feet, and vacant sublease space decreased
Read More

CoStar’s People of Note (July 22-28)

This week’s People of Note includes the following markets: Atlanta, East Bay, Las Vegas, San Francisco, South Bay and Washington, DC. WASHINGTON, DC Fern Returns: Barrueta Joins DC Office of Colliers International By CoStar Research J. Fernando Barrueta, a local real estate icon
Read More

Make Your Real Property Management Business Stand Out

Get ahead in promotion. It is by getting the newest form of advertising that your business can top the competition in its form. Keep posted with the day-to-day updates in technology to ensure your business’ standing in the competition. Once you maintain a high standard of advert
Read More

The Two Big Troubles in Rental Property Management

Managing a rental property is not just all about knowing how to deal with it and understanding the concept of your management. In playing the role of a rental property manager, you must also know the problems that you may encounter in managing your property. Usually, a rental property
Read More

Del Pacifico Starts New Residence Club

Del Pacifico, Costa Rica Del Pacifico, a master-planned resort community on the central coast of Costa Rica near Quepos and Manuel Antonio, recently announced the launch of the Del Pacifico Club, a private residence club offering fractional real estate and carefree ownership. Fraction
Read More

S&P 500, Nasdaq fall on Apple’s miss; Dow rises

NEW YORK (Reuters) – The S&P 500 fell for a fourth day and the Nasdaq dropped on Wednesday after a rare earnings stumble from Apple, while strong results from Boeing and Caterpillar lifted the Dow. Apple Inc , the most valuable U.S. company by market capitalization, reported
Read More