West Palm Beach

BGI Capital Announces Closing Of $95 Million Construction Loan For 22-Story ‘Alba Palm Beach’

8:00 am on November 10, 2023 By Oscar Nunez

Miami-based BGI Capital, managed by Kenneth Baboun and Robert Barthelmess, has announced the closure of a $95 million construction loan in partnership with Wexcor Capital, a New York City-based real estate investment, management, and advising firm. The loan was financed by Kriss Capital, a New York City-based direct lender specializing in construction and bridge loans for residential assets, and it will facilitate the completion of Alba Palm Beach.

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Cohen Brothers Realty Corp Submits FAA Permits For 24-Story ‘West Palm Point’ Office Tower And Associated Tower Cranes In West Palm Beach.

8:00 am on October 23, 2023 By Oscar Nunez

On October 5, the Federal Aviation Administration (FAA) received applications for building permits at 801 South Dixie Highway in downtown West Palm Beach. This pivotal step brings the Cohen Brothers Realty Corporation closer to actualizing its vision for the city’s office market. The New York-based developer envisions a 24-story Class A office building on a 2.4-acre site owned by the West Palm Beach Community Redevelopment Agency. This structure is intended to “serve as the iconic gateway into Downtown West Palm Beach” and is slated to replace the Okeechobee “Tent Site” Parking Lot.

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Brightline Begins High-Speed Rail Service Between Orlando And Miami

8:00 am on September 25, 2023 By Oscar Nunez

On September 22, Brightline’s passenger rail service between Orlando and Miami officially commenced. The inaugural train, named Bright Pink, arrived in Orlando at 11:05 a.m., warmly welcomed by over 500 elected officials, business leaders, community partners, and company executives from across the state. This celebration served as an emphatic statement regarding the boldest private infrastructure project in the nation and represents the revival of Henry Flagler’s original vision for the Florida East Coast Railway. A project a decade in the making, Brightline’s launch is poised to revolutionize train travel in America, presenting a model for connecting city pairs that are too close to fly between and yet too far to drive.

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