Instagram Food Influencers On Staying in Shape & Splurging

Instagram Food Influencers On Staying in Shape & Splurging

Miami’s top food bloggers dish it out on Instagram, using portrait-level lighting and adventuring to the far corners of South Florida to cross off their bucket list every cheese pull and…

Northern exposure: Avison Young acquires Gainesville brokerage

Northern exposure: Avison Young acquires Gainesville brokerage

Nick Banks

Commercial real estate services firm Avison Young acquired a Gainesville-based firm led by a former executive of Fort Lauderdale-based Stiles Corporation.

The acquisition “assists our roll-out in the northern area of the state, particularly in terms of retail brokerage and all aspects of property management,” Rick E. Rose, chairman and CEO of Avison Young, said in a prepared statement.

Avison Young acquired Front Street Commercial Real Estate Group and opened its eighth Florida office west of the University of Florida campus at 132 Northwest 76th Drive in Gainesville, where Front Street’s 26 members will remain.

Nick Banks, the founder of Front Street, has become a principal of Avison Young and managing director of the firm’s Gainesville office.

Banks, who has 25 years of experience in the commercial real estate business, founded Front Street in 2002. In addition to its home office in Gainesville, Front Street opened satellite offices in Jacksonville, Ocala, Orlando, Sarasota and Tallahassee.

Prior to starting Front Street, Banks was the director of finance and dispositions for Stiles, where he financed and sold commercial properties valued at more than $500 million. Before he joined Stiles, Banks was an associate director at GE Capital Real Estate. He graduated the University of Florida with a bachelor of science degree in business administration with a major in finance and a concentration in real estate.

The acquisition of Front Street brings to Avison Young a property management business with 20 properties totaling more than one million square feet of office, retail, industrial and residential space, including hundreds of apartments, in northern Florida.

The Front Street acquisition increased Avison Young’s properties under management in Florida to 19 million square feet.

Avison Young expanded statewide after opening its first Florida offices in October 2012 in Boca Raton, Fort Lauderdale and Miami.

In 2013, Avison Young acquired WG Compass Realty Cos. and opened a West Palm Beach office, and the firm acquired Lane Witherspoon & Carswell Commercial Real Estate Advisors and opened an office in Tampa.

In 2014, Avison Young acquired Morrison Commercial Real Estate and opened an office in Orlando, and the firm acquired Miami-based Abood Wood-Fay Real Estate Group. In 2016, Avison Young opened an office in Jacksonville. – Mike Seemuth

Northern exposure: Avison Young acquires Gainesville brokerage

Northern exposure: Avison Young acquires Gainesville brokerage

The acquisition will increase Avison Young’s presence in north Florida, especially in retail brokerage in property management

January 27, 2019 04:00PM

Nick Banks

Commercial real estate services firm Avison Young acquired a Gainesville-based firm led by a former executive of Fort Lauderdale-based Stiles Corporation.

The acquisition “assists our roll-out in the northern area of the state, particularly in terms of retail brokerage and all aspects of property management,” Rick E. Rose, chairman and CEO of Avison Young, said in a prepared statement.

Avison Young acquired Front Street Commercial Real Estate Group and opened its eighth Florida office west of the University of Florida campus at 132 Northwest 76th Drive in Gainesville, where Front Street’s 26 members will remain.

Nick Banks, the founder of Front Street, has become a principal of Avison Young and managing director of the firm’s Gainesville office.

Banks, who has 25 years of experience in the commercial real estate business, founded Front Street in 2002. In addition to its home office in Gainesville, Front Street opened satellite offices in Jacksonville, Ocala, Orlando, Sarasota and Tallahassee.

Prior to starting Front Street, Banks was the director of finance and dispositions for Stiles, where he financed and sold commercial properties valued at more than $500 million. Before he joined Stiles, Banks was an associate director at GE Capital Real Estate. He graduated the University of Florida with a bachelor of science degree in business administration with a major in finance and a concentration in real estate.

The acquisition of Front Street brings to Avison Young a property management business with 20 properties totaling more than one million square feet of office, retail, industrial and residential space, including hundreds of apartments, in northern Florida.

The Front Street acquisition increased Avison Young’s properties under management in Florida to 19 million square feet.

Avison Young expanded statewide after opening its first Florida offices in October 2012 in Boca Raton, Fort Lauderdale and Miami.

In 2013, Avison Young acquired WG Compass Realty Cos. and opened a West Palm Beach office, and the firm acquired Lane Witherspoon & Carswell Commercial Real Estate Advisors and opened an office in Tampa.

In 2014, Avison Young acquired Morrison Commercial Real Estate and opened an office in Orlando, and the firm acquired Miami-based Abood Wood-Fay Real Estate Group. In 2016, Avison Young opened an office in Jacksonville. – Mike Seemuth

Recycle Across America

Recycle Across America

Miami-based firm sells Springhill Suites hotel near Orlando for $11.65M

Miami-based firm sells Springhill Suites hotel near Orlando for $11.65M

Springhill Suites Altamonte Springs (Credit: Expedia)

Miami-based Driftwood Acquisitions and Development sold a 90-key Springhill Suites hotel near Orlando for $11.65 million.

Driftwood acquired the Springhill Suites Altamonte Springs out of receivership in 2015, then kept a 10 percent equity stake in the property while selling the other 90 percent to individual investors.

Driftwood initially projected a 16 percent internal rate of return but said in a press release that “the sale of the asset yielded significantly higher dividends and total returns.”

The Marriott-branded Springhill Suites hotel is located 10 miles north of Orlando at 205 West State Road 436 in Altamonte Springs. The new owner will retain Driftwood’s sister company, Driftwood Hospitality Management, as the hotel’s operator.

The Springhill Suites Altamonte Springs was the first hotel that Driftwood syndicated to investors and sold.

“Its successful disposition marks a significant milestone and is a testament to the success of our unique business model,” Carlos J. Rodriguez, chairman and chief executive officer of Driftwood, said in prepared remarks.

Driftwood’s business model allows accredited investors to co-invest a minimum of $100,000 in fully financed, institutional-quality hotels with positive cash flow.

Since its inception in 2015, Driftwood has built a national portfolio that now includes 18 hotels and two hotel developments. – Mike Seemuth

Miami-based firm sells Springhill Suites hotel near Orlando for $11.65M

Miami-based firm sells Springhill Suites hotel near Orlando for $11.65M

Driftwood Acquisitions and Development bought the hotel in 2015 and syndicated 90% of the equity to individual investors

January 26, 2019 04:15PM

Springhill Suites Altamonte Springs (Credit: Expedia)

Miami-based Driftwood Acquisitions and Development sold a 90-key Springhill Suites hotel near Orlando for $11.65 million.

Driftwood acquired the Springhill Suites Altamonte Springs out of receivership in 2015, then kept a 10 percent equity stake in the property while selling the other 90 percent to individual investors.

Driftwood initially projected a 16 percent internal rate of return but said in a press release that “the sale of the asset yielded significantly higher dividends and total returns.”

The Marriott-branded Springhill Suites hotel is located 10 miles north of Orlando at 205 West State Road 436 in Altamonte Springs. The new owner will retain Driftwood’s sister company, Driftwood Hospitality Management, as the hotel’s operator.

The Springhill Suites Altamonte Springs was the first hotel that Driftwood syndicated to investors and sold.

“Its successful disposition marks a significant milestone and is a testament to the success of our unique business model,” Carlos J. Rodriguez, chairman and chief executive officer of Driftwood, said in prepared remarks.

Driftwood’s business model allows accredited investors to co-invest a minimum of $100,000 in fully financed, institutional-quality hotels with positive cash flow.

Since its inception in 2015, Driftwood has built a national portfolio that now includes 18 hotels and two hotel developments. – Mike Seemuth

Belinda & Nicole Stronach on Modernizing Horse Racing

Belinda & Nicole Stronach on Modernizing Horse Racing

With the Pegasus World Cup Invitational returning to Gulfstream Park this month, we ask Belinda Stronach and daughter Nicole Walker about how The Stronach Group is modernizing horse racing and…

3H Group buys for Brickell dev site to build hotel

3H Group buys for Brickell dev site to build hotel

3H Group CEO Hiren Desai and 1741 Southwest Second Avenue (Credit: LinkedIn and Google Maps)

3H Group paid $10.25 million for a property in Brickell with plans to bring a new hotel to the site.

Tennessee-based 3H Group paid about $200 per foot for the site 1741 Southwest Second Avenue, totaling four properties and 30,000 square feet.

Doral-based Hotelex Properties sold the site, where it planned to build a 206-room Residence Inn by Marriott, property records show. The company paid $6.05 million for the assemblage in 2014.

3H Group partners with brands such as Marriott, Hilton, IHG and Choice to build new hotels, according to its website. The Brickell site is in front of the Homewood Suites by Hilton Miami and near the Habitat Residence Condo Hotel.

Earlier this week, Sage Developers listed a 19,850-square-foot lot down the road at 1621 Southwest Second Avenue for $7.2 million, where a new developer could build a boutique hotel, condo or apartment building.

In August, 3H Group bought the site at 3047 Biscayne Boulevard in Edgewater with approved plans to build a 13-story hotel with 137 rooms. The company, led by developer Hiren Desai, is also building an AC Hotel by Marriott in Edgewater.

3H Group, formed in 2000, is headquartered in Chattanooga. It also owns the 151-unit Hampton Inn & Suites Miami Midtown at 3450 Biscayne Boulevard.

3H Group buys for Brickell dev site to build hotel

3H Group buys for Brickell dev site to build hotel

Seller planned 206-room Residence Inn by Marriott

3H Group CEO Hiren Desai and 1741 Southwest Second Avenue (Credit: LinkedIn and Google Maps)

3H Group paid $10.25 million for a property in Brickell with plans to bring a new hotel to the site.

Tennessee-based 3H Group paid about $200 per foot for the site 1741 Southwest Second Avenue, totaling four properties and 30,000 square feet.

Doral-based Hotelex Properties sold the site, where it planned to build a 206-room Residence Inn by Marriott, property records show. The company paid $6.05 million for the assemblage in 2014.

3H Group partners with brands such as Marriott, Hilton, IHG and Choice to build new hotels, according to its website. The Brickell site is in front of the Homewood Suites by Hilton Miami and near the Habitat Residence Condo Hotel.

Earlier this week, Sage Developers listed a 19,850-square-foot lot down the road at 1621 Southwest Second Avenue for $7.2 million, where a new developer could build a boutique hotel, condo or apartment building.

In August, 3H Group bought the site at 3047 Biscayne Boulevard in Edgewater with approved plans to build a 13-story hotel with 137 rooms. The company, led by developer Hiren Desai, is also building an AC Hotel by Marriott in Edgewater.

3H Group, formed in 2000, is headquartered in Chattanooga. It also owns the 151-unit Hampton Inn & Suites Miami Midtown at 3450 Biscayne Boulevard.

Diez y Seis at Shore Club Hosts Valentine's Day Dinner!

Diez y Seis at Shore Club Hosts Valentine's Day Dinner!

For those looking to upgrade their Valentine’s Day routine with an opulent dining experience, there’s no better place than at Chef Jose Icardi’s beloved Mexican eatery, Diez…