Developer pays $15.9 million for land to build Pines City Center

Pines City Center in Pembroke Pines is expected to break ground later this year after the developer announced that it bought a 17-acre tract for $15.9 million.

The Terra real estate firm said the land will be part of the first phase of the 47-acre project at the southwest corner of Pines Boulevard and Palm Avenue. Publix Supermarkets will anchor the 200,000-square-foot first phase, which should open in 2017, Terra said.

The second phase will include 100,000 square feet of commercial space, 385 apartments and a movie theater.

“We’re seeing a surge in demand for new retail and lifestyle offerings in the area,” said David Martin, president and co-founder of Coconut Grove-based Terra, in a statement.

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http://www.sun-sentinel.com/business/realestate/fl-pines-city-center-for-real-estate-col-20160921-story.html

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Pembroke Pines a top market for flipping houses, study finds

When it comes to flipping houses, investors should head to Pembroke Pines, a new report shows.

Pembroke Pines ranks No. 18 on a list of the nation’s best housing markets for flipping, according to WalletHub, a personal finance website. The analysis is based on a series of factors, including home prices, average remodeling costs and the stability of individual housing markets, WalletHub said.

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http://www.sun-sentinel.com/business/realestate/fl-best-house-flipping-markets-20160803-story.html

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Stantec architecture firm helps Miami’s towers soar

The very first project Jon Cardello’s architecture firm designed in South Florida was a tiny toll booth at a University of Miami parking garage.

Today, Cardello and his wife, Rachel, also an architect, run a team of 117 people designing some of Miami’s tallest new towers, as well as projects in Orlando, Dallas and the Bahamas. ADD merged its business with Canadian-based mega-firm Stantec last year, giving the Miami office global reach.

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http://www.sun-sentinel.com/local/miami-dade/sfl-stantec-architecture-miami-development-20151215-story.html

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Cash sales decline as more homebuyers get financing

More than half of all South Florida home and condo sales in May were cash deals, but buyers who need mortgages shouldn’t lose heart, a new report shows.

Roughly 53 percent of transactions last month didn’t involve a loan. Yet that’s down from about 70 percent a year ago, the RealtyTrac listing firm said Thursday. The figures cover Palm Beach, Broward and Miami-Dade counties.

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http://www.sun-sentinel.com/business/realestate/fl-cash-sales-realtytrac-20150702-story.html

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Property value

Do you want to know about Broward County Florida Real Estate statistics for Q1 2015

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Do you want to know about your neighborhood real estate statistics for April 2015? Davie, Cooper City and Southwest Ranches.

Here are the stats for Davie, Cooper City and Southwest Ranches, between Volunteer / Flamingo and Griffin / Stirling.

 

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