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Commercial Real Estate news
  • Nortrax Inc. sold its construction equipment rental facilities in Miami and Riviera Beach for a combined $15.1 million. Tampa-based Nortax is a John Deere Construction equipment dealer. There’s been increased demand for that equipment as the construction sector in South Florida has been busy. In Miami, Nortrax sold the 28,034-square-foot dealership on 7.8-acers at 4343 N.W. 77th Ave. for $10.24 million to DJD Real Estate Holding, managed by Memphis, Tennessee-based Dobbs Management Service. In…

  • Emerging Neighborhoods package highlights some of the communities gaining favor with businesses and residents.

  • From Boynton Beach to Little Havana, South Florida’s neighborhoods are growing and changing, developing unique identities or transforming them.

  • The development group behind the massive $380 million redevelopment in downtown Dallas — called The Drever — at 1401 Elm St. has landed a nearly $67 million bridge loan, as expected, from a big capital group on the East Coast. Real estate sources told the Dallas Business Journal a development group led by longtime developer Maxwell Drever had a loan keyed up to help financially after a lender claims the group defaulted on a $55 million loan. That lender, GCP Income Opportunities I LLC, appointed…

  • Cupertino officials Tuesday night took two major steps toward starting a comprehensive planning process around what should rise on 58 acres that currently holds the nearly vacant Vallco Shopping Center.