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A slew of high-end office buildings have hit the real estate market in Palm Beach ad Broward counties, according to a recent report by the Sun Sentinel, which shares that business building owners are looking to cash in before interest rates rise significantly. Throughout the two counties, there are about a dozen buildings that are up for sale for investors looking to lease out office space to local tenants. The Delray Beach movers have learned that some of the buildings have significant vacancies, which may pose financial problems for whoever takes over as owner and management.

The buildings are located in prominent business districts, such as Las Olas Blvd., Presidential Circle, downtown West Palm Beach, and more. All except for one building are in good economic standing.

Current Palm Beach County listing prices are 16 percent higher than the sales prices for one year ago, according to data compiled by the Realtors Association of the Palm Beaches. In fact, home prices are continually rising across South Florida thanks to high investor activity. To keep pace with the booming residential sales, the area actually needs to start several new construction projects to maintain a consistent inventory for prospective buyers.

The Boca Raton movers have also found that the local market is in the favor of the sellers, with recent data stating that sellers in the Palm Beach County area have received 94 percent of their listing price in final sales figures, a jump from the 90 percent data of last summer. Sales are jumping in nearby Broward County too, with the average sale price of an existing home coming in around $265,000.

West Palm is no stranger to retail shops and designer brands, but now there will be a way to score some of those brands at a discount. Off-the-rack retailers Nordstrom Rack will be opening a new location in the West Palm Beach Outlets in a 35,000 square foot storefront. The scheduled date for the location to open for business is fall 2014. The Jupiter local movers are excited at the development of the outlet mall and the growing information that is being released over the many months leading to the opening.

The Palm Beach Outlets will encompass 900,000 square feet of retail shops and is going to be located on I-95 and Palm Beach Lakes Boulevard. The complex will be a shopping destination for residents and tourists alike, and it will stimulate the shopping economy as a desirable mall located in between the Glades Mall of Boca Raton and the Palm Beach Gardens Mall.

The CityView apartment complex of West Palm Beach has been purchased by a Virginia investment firm for $12.8M, according to reports in the Palm Beach Post. The complex is positioned on the corner of North Congress Avenue near Clear Lake and the property represents the investment firm’s goals to move further into the Florida market.

The West Palm local movers have found that the 217-unit complex sold in 2001 for $10.2 million, so it has appreciated despite the unstable real estate market.

The CityView complex marks the first purchase in Palm Beach, but the company also owns complexes in Orlando and Fort Lauderdale, FL. This Palm Beach property was built in 1970, and has undergone renovation beginning in 2010. The complex consists of 26 two story buildings and has a wide range of amenities for residents, all situated on 11.8 acres of land.

Donald Trump’s Palm Beach mansion was sold to Russian fertilizer millionaire Dmitri Rybolovlev in 2008 for a whopping $95 million dollars, and recent reports claim that Rybolovlev intends to level the home that he has only even seen once or twice since purchasing it. The reason for leveling? A chronic mold problem that has grown extensively throughout the 33,000 square foot home. The Palm Beach local movers have found that the future of the home, which boasts marble floors, mahogany doors, a ballroom, seven bedrooms, an art gallery, bullet-proof windows and giant skylights, is unclear.

While some speculate that he could simply mediate the problem, there are also some who say Rybolovlev intends to divide the property into smaller lots–as much as a dozen oceanfront lots of real estate space from the massive 6.26 acre property that meets 475 feet of beach. You can see images of the doomed estate here.

The Palm Beach Outlets, which is set to open off of Palm Beach Lakes Blvd. in early 2014 has recently stirred speculation that the huge project could get even bigger. The Palm Beach Outlets will take over the space of the Palm Beach Mall, which dated back to 1967, which was once the biggest mall in the southeast. As the area grew with nearby retail centers and other shopping malls, the Palm Beach Mall quickly became dated and began undergoing multiple makeovers in an attempt to stay current and attract retail shoppers.

The developers haven’t disclosed how many current spots are filled in the outlets, but the website is still trying to lure new businesses into filling outlet space. One of the big name stores to lease space on the perimeter of the outlets is Whole Foods. The Palm Beach County movers have found that the developers have also submitted a statement to the city regarding the set opening date and requesting the permission to expand a little bit if they need to later down the road.

Despite the past few months where real estate sales were a drawn out process, homes sat on the market for months, and homeowners continued to be stuck in their old homes, it seems as though the demand in Palm Beach County has finally revived. Prospective buyers are so excited and motivated to buy that many are placing offers immediately upon viewing, and placing bids on multiple properties to increase their odds of landing a home. The Boca Raton movers have learned this trend is called “flash sales.”

In April 2013, the typical single-family home in Palm Beach County was on the market for 78 days, down from 90 a year ago. Nearby Broward County has reported that the average is 34 days. There is a sense of urgency to buy in the tri-county area, where overbuilding, easy financing, and investor interest have brought about cash purchases and quick contracts.

In order to try and combat the slow retail sales and vacant business fronts in Boca Raton’s Palmetto Park, the city has approved several downtown housing developments that will bring an influx of residents and consumers into the heart of Boca Raton. At current count, there are 261 units in the new Camden development, 208 units at Ram, 208 condos at Tower One Fifty Five (still awaiting final permits), 350 units at Via Mizner, and a 378 unit rental complex called Archstone Palmetto Park. However, some feel that the city is simply undergoing changes and that the new developments will taint the classic charm of Boca.

The Boca Raton local movers have learned the city council strongly believes that increasing the population density downtown is vital for the success of downtown businesses. The boost in residents will help shops, restaurants, and other businesses get foot traffic.

The national organization chain The Container Store is opening a new Boca Raton location, and the excitement around job openings has been overwhelming. So many candidates are interested in working for the new location that the company has resorted to holding group interviews of 10 potential employees at a time to have a staff in place for the early June opening.

The group interviews have been an effective way to interact with many candidates and see their communication abilities, as well as if they are enthusiastic about the company and the job. The Boca Raton movers have found that this Boca location will be the 5th Container Store in the state of Florida. The store will hire a total of approximately 60 employees to fill the new store, and The Container Store has been named one of the Best Companies to Work For, according to Fortune magazine.

Famed lewd radio host Howard Stern is moving to the neighborhood, Palm Beach! The New York future transplant and his wife Beth Ostrosky started looking for a South Florida home earlier this year and they have found the right place in Palm Beach on the north side of town. Reports share that Stern is under contract for a mansion on 601 North County Road that will run him $52 million.

The Jupiter movers have learned that the home Stern is interested in was not even on the market for sale. Local appraisers set the value of the mansion at $40.8 million with $500,000 yearly property taxes. The 19,800 square foot mansion spans two stories, has 12.5 bathrooms and an elevator, and is located near the homes of Rush Limbaugh and Nelson Peltz.