March 2015

Found 3 blog entries for March 2015.

Kolter buys Harbor Point condo on Singer Island for $15M

 Posted: 4:24 p.m. Tuesday, March 24, 2015

By Kimberly Miller - Palm Beach Post Staff Writer

For half a century, the Harbor Point condominium has clung to the shore of Singer Island in Riviera Beach, one of a few aging holdouts among a canyon of newer gated high rises.

But the deteriorating beachfront building at 5000 N. Ocean Drive has courted buyers for years and finally found a suitor last week with the Kolter Group, which bought the complex for $15 million.

Chip Armstrong, a Realtor with the Keyes Company in Palm Beach Gardens, said the 37-unit condominium will be razed and replaced with a luxury development. 

No one from Kolter could be reached for comment.

 “This was a

1,484 Views, 0 Comments

Study: Jupiter research park ideal for data center

By Susan Salisbury Palm Beach Post Staff Writer

JUNO BEACH — Florida Research Park in Jupiter is one of three properties certified as prequalified data center sites within Florida Power & Light Co.’s 35-county service territory, FPL said Wednesday.  

Juno Beach-based FPL commissioned Biggins Lacy Shapiro & Co. to identify the most attractive sites for data centers in Florida. 

The criteria included reliable and redundant power, fiber infrastructure, competitive cost structures and locations insulated from man-made and natural risks.  

Data centers — networked computer servers in buildings as large as hundreds of thousands of square feet — require huge amounts of electricity to run and to

685 Views, 0 Comments

Surge in Chinese investment raises fraud risks

 

WASHINGTON (AP) – March 2, 2015 – Chinese investors seeking green cards to live in America run the risk of being defrauded under a loosely regulated visa program, according to a report from a federal watchdog.

The U.S.-China Economic and Security Review Commission raises questions about America's EB-5 visa program, which grants green cards to foreigners in return for investments of $1 million – or just $500,000 in high-unemployment or rural areas. Local government officials are supposed to vet the investors and their projects before visa applications are approved.

"The program has been flooded by Chinese applicants," the report found. "Instances of fraud and lax regulation have cast doubt

598 Views, 0 Comments