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Nightingale, Wafra secure $500M to reposition 111 Wall Street


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Newmark announced that it has closed an acquisition and construction loan for 111 Wall Street, New York, on behalf of Nightingale Properties and Wafra Capital Partners.
The frequent institutional joint venture partners will use a debt package exceeding $500 million to reposition and redevelop 111 Wall Street into a one-of-a-kind Class A office destination in the heart of Downtown Manhattan.
The loan was funded by a consortium that included SKW Funding, PIMCO, Oaktree Capital and Bain Capital,
Commercial Observer reported.
111 Wall Street, NY – Image courtesy of Neoscape
The Newmark team, led by Dustin Stolly and Jordan Roeschlaub secured the debt. David Blaivas of Blaivas & Associates, P.C. advised Nightingale and Michael Lefkowitz of Rosenberg & Estis, P.C. advised WCP in the transaction. ....

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Lack of workers causes crisis at South Florida restaurants


Lack of workers causes crisis at South Florida restaurants
Business owners blame unemployment for lack of qualified applicants
In a growing regional trend, a lack of workers is causing logistical problems for South Florida businesses, and the sectors hardest hit in Palm Beach County are restaurants and hotels.
and last updated 2021-05-03 19:10:40-04
JUPITER, Fla. — In a growing regional trend, a lack of workers is causing logistical problems for South Florida businesses, and the sectors hardest hit in Palm Beach County are restaurants and hotels.
No Workers, No Service
WPTV NewsChannel 5 talked to frustrated business owners all over South Florida, and they are all dealing with the same crippling business issue. ....

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Rocco's Tacos in Palm Beach Gardens set to reopen but faces daunting obstacle


Rocco s Tacos in Palm Beach Gardens set to reopen but faces daunting obstacle
April 14, 2021 at 5:06 PM EDT - Updated April 14 at 5:06 PM
Rocco s Tacos in Palm Beach Gardens closed in late November because of a fire that started in the kitchen, but it s not the fire damage and reconstruction that s the obstacle to reopening.
Tour of Rocco s Tacos Palm Beach Gardens locaiton
The fire actually started right here, said Rocco Mangel owner of Rocco s Tacos as he pointed to a spot in the kitchen. The water damage was the biggest thing from the fire going up three stories.
Mangel hopes to reopen by Cinco de Mayo, but he has more than reconstruction problems on his mind, The biggest obstacle we have right now, is labor, said Mangel. ....

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Palm Beach Gardens restaurants say their real problem is a lack of workers


Palm Beach Gardens restaurants say their real problem is a lack of workers
Ways PGA Blvd. venues are hoping to attract the Honda Classic crowds
The Honda Classic brings millions of dollars into our local economy. With attendance being limited because of coronavirus, will local restaurants suffer?
and last updated 2021-03-18 09:26:27-04
PALM BEACH GARDENS, Fla. — Businesses on PGA Blvd. in Palm Beach Gardens are anticipating being busy during this year s The Honda Classic.
Timing couldn t be better. Especially this year, said Mark DeAtley, General Manager of Scusi Trattoria.
Typically, it doubles our business, said Tenaette Schumaker, lead bartender at The Cooper. ....

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