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Homebuilders across the US feeling more confident about future: report

American homebuilders are feeling more confident amid a rise in consumer demand and a drop in lumber prices. The recent boost follows months of declining sentiment among homebuilders nationwide, according to a report by the...

Mortgage rates hit 7-year high amid slowing housing market

Would-be homebuyers have another reason to be concerned: mortgage rates rose to nearly 5 percent, the highest in more than seven years and the biggest weekly increase in two years. Rising mortgage rates slow the...

Completed and nearly sold out, PB Gardens condo project generates $155M in sales

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....

Investors set their sights on home rentals in South Florida

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...

Sunrise Florida wakes up with new development

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,...

Palm Beach Gardens approves 24-house development near the FL Turnpike by Mirabella

The Palm Beach Gardens city council approved construction of 24 houses on a seven-acre site next to an existing residential community. Mayor Maria Marino voted with majority of the council in favor of the residential...

Crews top off first of two buildings at Palm Beach Gardens office development

DiVosta Towers is topped off in Palm Beach Gardens. (Credit: Richard Graulich / The Palm Beach Post) Construction workers topped off an 11-story office building under construction in Palm Beach Gardens. It is one of...

Margaritaville cost Hollywood taxpayers $28M more than expected

The three-year-old Margaritaville Hollywood Beach Resort cost Hollywood taxpayers $28 million more than city leaders realized. Hollywood city commissioners thought the city made a $28 million loan to help finance the development of the 17-story,...

Avenir mixed-use project in Palm Beach Gardens boosts loan to $108M

A company tied Landstar Development Group boosted its construction loan to nearly $108.45 million for the first phase of Avenir, a nearly 4,800-acre mixed-use community in Palm Beach Gardens. Property records show Landstar affiliate Avenir...

West Palm Beach may revive rezoning plan to encourage downtown office development

West Palm Beach may reconsider a business district that would encourage downtown office development through rezoning. Mayor Jeri Muoio directed city staff to revive planning for the Okeechobee Business District downtown, which the city commission...

Marina Lofts in Fort Lauderdale may finally get built

The Marina Lofts, a major Fort Lauderdale residential development designed by acclaimed architect Bjarke Ingels, finally may be headed for a groundbreaking construction. The Fort Lauderdale City Commission approved the planned 856-unit residential complex, called...

The Atlantic Crossing mixed-use complex in downtown Delray is finally under construction

Construction of the $300 million, six-building Atlantic Crossing at Federal Highway and Atlantic Avenue in Delray Beach is expected to conclude in 2022. The four-story Atlantic Crossing complex will encompass 83,000 square feet of office...