Rendering of The Press, a mixed-use project in West Palm Beach with more than 68,000 rentable square feet. Courtesy photo Tricera Capital Secures $19M Refinancing For Retail and Office Space As Retail Demand Goes Up
"We are proud of the successful execution to date. The product offering will fill a void for high-quality retail and office along the South Dixie corridor," said Tricera CEO and managing partner Ben Mandell.
August 01, 2022 at 03:00 PM
3 minute read
Commercial Real Estate
South Florida is leading the nation with its retail recovery after the height of the COVID-19 pandemic. In Palm Beach County, the retail market is seeing an upward trajectory in the second quarter of the year as people return to the office and foot traffic and in-store sales increase.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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