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The company was founded in 1983 by Edgardo Defortuna. The company operates across 20 office locations, employing over 1,000 multilingual local real estate professionals. Throughout its history, Fortune has developed over 30 residential towers and marketed and sold over 120, representing 31,000 residential units.
The company has developed more than 30 million square feet of commercial real estate space over the past 30 years. It also owns more than 2,500 acres of developable land statewide, and manages or leases more than 13 million square feet of commercial property. [1] The Flagler company is a wholly-owned subsidiary of Florida East Coast Industries.
According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [ 5 ]
Here are the most cost-burdened real estate markets in the U.S., according to data collected by Apartment List: Miami, Fort Lauderdale, Pompano Beach, Florida Urban Honolulu, Hawaii
Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example, [11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the ...
The 188-key Courtyard by Marriott Hotel property is located near the Smithsonian Mall, the Verizon Center and Pennsylvania Avenue. [6] [7] The Royal Palm Hotel (Miami Beach, FL) The Royal Palm Hotel was developed by The Peebles Corporation in 1996 through a Public/Private Partnership with The City of Miami Beach. [8]
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