SOUTH FLORIDA NEWS - Boca Raton

What the Via Mizner Foreclosure Means for Real Estate in Boca Raton

Recently, news dropped about a $5.7 million foreclosure lawsuit that was filed for a property at 375 E. Royal Palm Road in Boca Raton. This lawsuit, which was actually filed on November 18, 2024, by Precedent Asset Management-4C LLC, highlights the challenges facing property owners in South Florida. Now, another major property in Boca Raton, the 101 Via Mizner apartment building, is at risk of foreclosure.

This situation shows how the Boca Raton real estate market could be changing, with some developers struggling to keep up with loans and rising costs. Let’s dive into what’s happening at Via Mizner and what it could mean for Boca Raton real estate.

What Is Via Mizner?

Via Mizner is a luxury 14-story apartment building with 366 units, located…

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New "Villas on 5th" Community: Insights from the Best Realtor in Boca Raton

New "Villas on 5th" Community: Insights from the Best Realtor in Boca Raton

Boca Raton is undergoing a significant transformation with the approval of a new development that promises to bring 120 villa-style townhomes to one of the city's last undeveloped plots of land. The development, known as the Villas on 5th, is set to rise at 2600 NW Fifth Avenue, an 8-acre parcel of land located near Florida Atlantic University (FAU) and JC Mitchell Elementary School. The community will feature 22 three-story buildings and a host of amenities that will contribute to the vibrant and growing Boca Raton real estate market.

This new construction in Boca Raton will cater to the demand for quality housing while addressing some of the challenges posed by the…

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Atlantic Crossing: A Major Development Project for Downtown Delray Beach Real Estate

The Atlantic Crossing development in Delray Beach is set to become a landmark destination for both residents and visitors. Situated at 777 East Atlantic Avenue, this $300 million mixed-use project that began in 2017 is already enhancing the city's vibrant atmosphere. Designed to offer a seamless blend of residential, retail, office, and public spaces, Atlantic Crossing is bringing a fresh new look to the heart of Downtown Delray Beach. Whether you're looking for luxury homes or are interested in real estate investing, this project is transforming one of the most coveted corners of South Florida real estate.

Phase I of Atlantic Crossing: New Residential and Commercial Opportunities

The first phase of Atlantic Crossing, which was completed in…

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Ocean One: A Premier Mixed-Use Development Coming to Federal Highway

The highly anticipated Ocean One project is set to transform the landscape of South Florida real estate. This new mixed-use redevelopment, developed by Hyperion Group LLC and Winter Properties, will bring a dynamic blend of residential, commercial, and retail spaces to Boynton Beach. With construction scheduled to begin in September 2025 and completion expected by 2029, Ocean One will become a key part of the Federal Highway corridor, offering luxury homes and a vibrant community experience in Boynton Beach.

Ocean One’s Strategic Location and Vision

Located just north of Ocean Avenue on the east side of Federal Highway, Ocean One occupies a prime spot in Boynton Beach, a city that is investing heavily in infrastructure and public spaces to…

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New Luxury Development in Pompano Beach: W Pompano Beach Hotel & Residences

Pompano Beach is undergoing a major transformation with the announcement of the W Pompano Beach Hotel & Residences, a stunning new luxury development that promises to redefine the city’s real estate landscape. Developed by Related Group and BH Group, this 24-story tower will be managed by the world-renowned W Hotels, bringing a combination of high-end residences and a range of exclusive amenities to the area. Set to rise along the beachfront, this project will add to Pompano Beach's appeal as an emerging luxury destination in South Florida and is sure to attract the best realtors in Pompano Beach.

Fully Furnished Luxury Home

The centerpiece of the W Pompano Beach Hotel & Residences development will be its 74 exclusive condominium residences,…

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Aletto at Sanborn Square: Downtown Boca Raton’s Newest Luxury Office Destination

Welcome to Aletto at Sanborn Square, an iconic addition to Boca Raton real estate offering luxury office spaces and a peaceful workplace setting. Located in Downtown Boca Raton at 123 E. Palmetto Park Rd, Boca Raton, FL, Aletto offers an unparalleled office experience for businesses looking to set up shop at a prestigious location with luxury amenities. This Class A office complex consists of two buildings, Compson Financial Center and Park Place, setting a new benchmark for Florida homes and offices alike. For those seeking premium real estate in Boca Raton, Aletto provides the ultimate blend of convenience, sophistication, and functionality for your work life.

A Landmark in Boca Raton Real Estate: Aletto at Sanborn Square

With the demand…

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South Florida Big Lots Store Closures: Bidding Opens for 10 Properties

As Big Lots prepares to close hundreds of stores across the U.S. following its Chapter 11 bankruptcy filing, real estate opportunities are emerging for investors and retailers looking to lease prime commercial space. In South Florida alone, 10 Big Lots locations are up for lease, offering a variety of square footage options in some of the region’s most desirable retail markets. These lease auctions represent a significant shift in the region’s commercial real estate landscape, with prime locations becoming available at competitive rates.

Melville, New York based A&G Real Estate Partners has been tasked with auctioning the leases for these closing stores, including the 296 Big Lots locations set to shutter across the country. With court authorization in…

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Downtown Miami 57-Story Tower Retail Condos to Hit Auction Block

A prime retail space at the base of the 50 Biscayne condominium tower in downtown Miami is set to hit the foreclosure auction block after the property’s owner, Boca Raton-based AZB I LLC, lost a $4.27 million court judgment. The upcoming auction marks the latest chapter in the ongoing legal battle that has embroiled the commercial units within one of Miami’s most prominent high-rise buildings.

The retail spaces in question, which span 7,531 square feet across three commercial units (CU-1, CU-2, and CU-3), will be sold in an online auction on October 30 through Miami-Dade County's court system. This foreclosure is part of a broader trend in South Florida’s real estate market, where economic pressures have led to an uptick in foreclosures, particularly…

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Vertical Bridge in Boca Raton Strikes $3.3 Billion Deal With Verizon

In a significant move for the telecommunications industry, Boca Raton-based Vertical Bridge has entered into an agreement with Verizon Communications to lease and manage thousands of wireless communications towers across the United States. The deal, valued at $3.3 billion, gives Vertical Bridge exclusive rights to oversee 6,339 wireless towers that were previously managed by Verizon subsidiaries.

This strategic partnership will have far-reaching implications for both companies, enabling Verizon to optimize costs and allowing Vertical Bridge to expand its already vast portfolio of wireless infrastructure. Let’s take a closer look at the details of this deal and how it stands to impact the future of telecommunications in the U.S.

The Key Elements…

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Motion to Dismiss Bal Harbour Shops' Lawsuit Rejected

A significant legal battle in South Florida's real estate sector has taken a major step forward, as a judge recently denied a motion to dismiss a lawsuit filed by Bal Harbour Shops, LLC. The case centers around the high-end shopping mall's ambitious redevelopment plan, which seeks approval to build three high-rise towers with hundreds of residential units and dozens of hotel rooms on top of the mall, located at 9700 Collins Avenue in Bal Harbour.

The lawsuit, filed under Florida's recently passed Live Local Act, aims to force the Village of Bal Harbour to endorse the application for the project, despite objections raised by village officials. This case could have far-reaching implications for developers, municipalities, and affordable housing efforts…

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