fort lauderdale market trends: Fort Lauderdale is the new investors darling
- 03/09/15 04:41 AM
The city has long been viewed as a stepsister to its flashier neighbor 30 miles to the south, Miami. But as Miami's construction boom has shifted into overdrive, investment dollars are spilling over into nearby cities, including Fort Lauderdale. In December 2014, a joint venture of Stiles Corp. and Prudential Real Estate Investors paid $108 million to acquire New River Center, a 20-story office tower in downtown Fort Lauderdale, from Invesco Ltd. The sale was the latest in a string of trophy office properties that have changed hands since March, making 2014 the best year for commercial real-estate sales in downtown Fort … (4 comments)
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