Related Ross buys North 40, the offices across Yamato from BRiC
A swim advisory at four beaches, a new job for the departing city manager, and a free dog morning at Countess de Hoernle Park.
In 2019, the two office buildings at Congress Avenue and Yamato Road sold for $68.4 million, the full price for the pair. Now they have sold for $64 million total, to the company that also owns the old IBM campus across the street.
Related Ross has bought North 40, the two office buildings at 5201 Congress Avenue and 901 Yamato Road, for $64 million total. Across Yamato Road sits the Boca Raton Innovation Campus, the old IBM site the firm bought in September. The sellers were Mainstreet Capital Partners of Fort Lauderdale and the private equity firm Partners Group. North 40 covers about 354,000 square feet of offices on 23.1 acres in the Park at Broken Sound. Built in 1983 and 1984, the buildings were renovated in the past decade. They are 74 percent leased, and tenants include Cross Country Healthcare. The deal works out to about $181 per square foot of space. In 2019 the same property sold for $68.4 million, so this sale came in at a loss. That puts the offices and the campus on both sides of Yamato in one company's hands. Jordan Bargas, a Related Ross executive vice president, called North 40 "a natural complement to the campus."
Federal Highway narrows downtown for about 10 weeks, and one lane goes for good
Federal Highway now narrows to one lane each way from 9 a.m. to 4 p.m. between SE 5th Street/SE Mizner Boulevard and NE 8th Street/Mizner Boulevard. Crews are working in the median there, part of FDOT's US 1 project. The closures began Oct. 19 and should last about 10 weeks. Farther south, from Camino Real to SE 5th Street, one lane in either direction can close at any hour. Two lanes may close only off-peak, on nights, weekends and days without events. Northbound, that means 10:30 a.m. to 4:30 p.m. and 6:30 p.m. to 7:30 a.m. FDOT says homes and businesses will stay reachable, and the speed limit holds at 35 mph. Some of the change is permanent. From Camino Real to SE Mizner Boulevard, the outside lane goes away for good, replaced by separated bike lanes 7 feet wide and sidewalks 11 feet wide. The whole project is scheduled to finish in fall 2027.
Departing city manager Sohaney lands a university job as the council weighs an interim plan
Mark Sohaney, who is leaving the city manager post after a little more than a year, already has his next job. On Oct. 19, University of Maryland Global Campus named him senior vice president for global military operations. He will run the university's worldwide strategy and operations for students with military ties. Close to 40 years of military and executive leadership come with him. Who runs City Hall in the meantime is now up to the council. Members will choose interim leadership and decide how the next manager gets picked.
Bacteria readings close the water at four Boca beaches
Swimming was prohibited until further notice at Spanish River, Red Reef, South Inlet Beach Park and South Beach in a city notice dated Oct. 20. The Florida Department of Health of Palm Beach County issued the advisory after recent sampling found high bacteria levels. South Beach was not tested and was added out of caution. The beaches and parks stayed open; only the water was off-limits. More samples were planned, and the city hoped full use could return within 24 to 48 hours. The advisory may have lifted by the time you read this; check the city's alert page or the posted signs before you swim.
Howl-O-Ween fills Countess de Hoernle Park with costumes, a dachshund race and free grooming
- When
- Saturday, Oct. 24 · 9 a.m. to noon
- Where
- Countess de Hoernle Park
- Price
- Free
Countess de Hoernle Park hosts a free morning for dogs and their people on Saturday, Oct. 24, from 9 a.m. to noon. The Muttville Comix Dog Show starts at 9:30 a.m., the dachshund race at 10:30 a.m. and the costume contest at 11:30 a.m. Costumes compete in five categories, from Best Overall to Funniest Costume, and one dog can win only one. Race entrants must be dachshunds at least 4 months old, with two handlers, one at the start and one at the finish. Spots are limited, and registration is required in advance. Between events, Mod Dog Salon offers teeth or ear cleaning and Woofie's of Delray Beach trims nails, both at no cost, if the dog cooperates. Rescue groups will be on hand, and some will bring adoptable dogs. Every dog stays leashed the whole time.