south florida real estate News Archive

MeriStar Hospitality to Sell 10 Florida Assets (PR Newswire via Yahoo! Finance)
MeriStar Hospitality Corporation , one of the nation's largest hotel real estate investment trusts , today announced that it has signed a definitive agreement to sell a portfolio of nine hotels and a golf and tennis club, all located in Florida, to an affiliate of The Blackstone Group for approximately $367 million in cash, subject to certain adjustments and satisfaction of customary closing

It's confirmed: Blackstone buying South Seas (The News-Press)
Blackstone Group LP is buying South Seas Resort as well as eight other Florida hotels and a golf-tennis club from real estate investment trust MeriStar Hospitality Corp. for about $367 million.

Nowhere To Dock (Hartford Courant)
Fees For Slips Climbing As Real Estate Taxes Rise; Marinas Appropriated By Luxury Condos

Another firm flees South Florida (Miami Herald)
The Plantation wing of a Colorado company, saying it no longer can deal with the threat of hurricanes disrupting its business, has decided to blow out of South Florida.

For GMAC Real Estate Franchise Operations, 2005 Was One for the Record Books (Real Estate News)
RISMEDIA, Jan. 31 ? From Portland, Ore., to Coral Springs, Fla., and across the Atlantic to Lisbon, Portugal, GMAC Real Estate Franchise Operations opened a record number of offices in 2005, propelling it to its best year ever, officials announced.

Florida business briefs (Miami Herald)
Profits at Ocean Bank, which has long ridden the wave of South Florida's real estate boom, surged 16 percent in 2005, the bank reported.

Houston firm buys office park near MIA (Miami Herald)
Hines, the Houston-based real estate company, now owns one of the largest office properties in South Florida. Hines' investment arm has completed its $157 million acquisition of the 45-acre office park Airport Corporate Center, the company announced Thursday.