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CapasGroup Real Estate Blog

Downtown West Palm Beach Market Report | Part 2

Downtown West Palm Beach Market Report | Part 2

Downtown West Palm Beach – The Momentum is Building (Part 2) Opportunities to Participate in one of South Florida’s Most Exciting Growth Markets

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Downtown West Palm Beach Market Report – Part 1

Downtown West Palm Beach Market Report – Part 1

Downtown West Palm Beach is stepping out of the shadows of nearby Miami and Fort Lauderdale and rapidly evolving into a thriving, self-contained urban center.  In fact, downtown West Palm Beach was recently ranked by Forbes magazine as the top city in Florida for business growth and careers. Not surprisingly, real estate investors and developers […]

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CapasGroup Closes Value-Add Apartments in Stuart, Martin County, Florida

CapasGroup Closes Value-Add Apartments in Stuart, Martin County, Florida

Harbour Breeze – The Prototypical Value-add Investment: In April 2014, an entity controlled by Grant Cardone acquired Harbour Breeze apartments, a 104-unit value-add investment in Stuart, Florida.  The property traded for $5 million or about $48,077 per unit. CapasGroup Realty Advisors represented seller as exclusive agent. Since the buyer already owns several properties in the region, one […]

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Setting the Stage in West Palm Beach’s North End

Setting the Stage in West Palm Beach’s North End

 Land Sales Clear Path for Redevelopment of the North Flagler – Currie Park Corridor Until recently, nearly 18 acres of vacant land and abandoned buildings along the waterfront in West Palm Beach’s North End was controlled by lenders or otherwise distressed.  Most of this land had been approved for several condo developments during the mid-2000’s […]

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Currie Park / Flagler Drive Corridor Rezoning Moving Forward

Currie Park / Flagler Drive Corridor Rezoning Moving Forward

    In our October 31, 2013 report on West Palm Beach’s North Flagler/Currie Corridor we reported on the momentum that is building within this emerging submarket in the city’s North End.  All of development sites in this 18-acre waterfront neighborhood are now owned or controlled by developers who would like to initiate development in […]

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Condo Land Sale Could Trigger West Palm’s First Waterfront High-Rise Since Boom

Condo Land Sale Could Trigger West Palm’s First Waterfront High-Rise Since Boom

CapasGroup Realty Advisors announces the sale of a 5.63-acre, waterfront condominium site located at 5750 North Flagler Drive in West Palm Beach, Florida.  The property, known as Aqua Vista, is approved for 173 units plus 10 boat slips.  The planned residences are comprised of a 142-unit, 20-story condominium tower plus 31 townhouses.  The site has […]

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Key West Tourism – A Thriving Economic Driver

Key West Tourism – A Thriving Economic Driver

By all accounts, Key West is a unique kind of place.  A self-contained island community of 25,000 located over three hours and 42 bridges by car from the mainland – that’s unique. A Little Background Interestingly, the current population is only about 20% higher than was in the early 1800’s.  At that time, believe it […]

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Key West Lodging – A Market on Fire

Key West Lodging – A Market on Fire

Key West hotels and guest houses are leading the local market out of recession.  As depicted in the charts below, Key West lodging market stats have improved considerably in each of the past four years, a trend that is  continuing so far in 2013.

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West Palm’s North Flagler/Currie Corridor

West Palm’s North Flagler/Currie Corridor

The North Flagler Drive/Currie Corridor located 1.5 miles north of downtown West Palm Beach is an exciting submarket that has captured the attention of numerous investors and developers in recent years.

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Martin County, Florida: A Compelling Multifamily Investment Market

Martin County, Florida: A Compelling Multifamily Investment Market

For years the real estate investment community viewed South Florida as a three-county region ending at the Palm Beach County line. Martin, the next county north, was once viewed as tertiary. Today however, owners of multifamily properties in Martin County are very pleased with the state of the market and prospective investors are taking note. […]

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