eDataNews

The recessed market has its affect in the commercial office space market in the South Florida real estate. One could see vacant buildings driving up and down the major commercial routes in the South Florida region. Vacant bank buildings, because banks consolidated branches to save money, vacant office buildings, vacant flex buildings, vacant car dealership lots and more. The picture is very sad but at the same time this is the time to buy a commercial asset in a busy region such as south Florida.

As Florida land values drop so do the community development district bonds.  The community development district bonds help pay for infrastructure such as roads, parks, bridges etc. Ten out of 24 Florida’s community development district bonds are upside down (meaning the land is worth less than the bond) and most of them are for projects in the West Coast.

“Miami CitiCentre” is the name of a site that was a planned and approved by the city of Miami and would have consisted of a cluster of 3 skyscraper buildings that would rank amongst the top 10 tallest buildings in Miami. The project would have taken approximately 3 years to complete but it was canceled because of the current real estate market conditions.

A group of investors bought this 5.6 acres commercial zoned land in downtown Miami for $41 millions.

The Citrus county Crystal River power station resumed 100% electricity production after finishing repairs to “unit 3″.  “Unit 3″ is the one that generates 838 megawatts output using nuclear fusion. The total output of Crystal River is 2,809 megawatts of electricity combined. The remaining 1,971 megawatts are produced by coal.

Florida, also known as the “sunshine state”, produces amongst the best citrus including oranges, grapefruit, pink grapefruit, tangerines, limes, lemons and tangelos.

The entire state is a huge citrus grove but Polk and Indian River counties are the capitals when it comes to citrus production. Polk county is just northwest of Orlando and Indian river is just southeast of Orlando so basically the central Florida region is number 1 in production.

Florida Power Light (FPL) will start building a new thermal solar plant in Martin County of South Florida. Thermal solar energy is the energy produced by the sun’s rays directed via huge mirrors to heat up water which in return produces steam that moves electric turbine generators. This Martiin county energy facility is estimated that it will produce 75 Megawatts.

A small group of Realtors members of the “Realtors association of the Palm Beaches” were up and running well ahead the start of the Palm Beach marathon. Around 20 members gathered at 5:30am on Sunday December 7 2008 at the intersection of Olive avenue and Argyle street in West Palm Beach and setup a huge water station to accommodate the 3,500 runners. This 11 mile marker spot was fast and efficient in terms of giving water and Gatorade to runners as they passed by.