Real estate listings from Michael Y. Cannon

HOLLYWOOD<p/>RETAIL BUILDING<p/>SELLS FOR $885,000<p/> Location: 815 S. 21st Ave.<p/>Seller: Washington Crossing Hollywood, represented by Orin Black, manager. http://bit.ly/9nXxbU

No early improvement expected for commercial real estate

Commercial real estate is expected to remain a drag on the U.S. economy through 2010 and beyond.<p/> ``You do see stress in the market. We've seen delinquency rates increasing; we've seen by a whole variety of measures increased stress in the commercial real estate market,'' said Jamie Woodwell, the vice president of commercial real estate research for the Mortgage Bankers Association. http://bit.ly/bS1To8

Earnings jump for Stonegate Bank

Stonegate Bank (OTCBB: SGBK) of Fort Lauderdale, fresh on the heels of three acquisitions, reported a profit of $6.13 million for the fourth quarter, or $1.12 a share, up from $175,000 or 4.3 cents a share a year earlier.

http://bit.ly/9EZgcL

Premier American gets quick growth

Premier American Bank N.A. of Miami was just born a week ago from the failure of a similarly named bank, but it isn’t wasting any time in growing.

http://bit.ly/dkElYm

Losses to curb U.S. Century Bank's growth

Since getting a $50 million capital infusion from the federal TARP program in August, U.S. Century Bank has gone through 88 percent of that amount.

http://bit.ly/9HifQD

Army Corps re-permits Lake Belt rock mines

The U.S. Army Corps of Engineers has re-permitted controversial rock mining in the western reaches of Miami-Dade County. The move comes just days after a federal appeals court said previous permits appeared to have been issued without considering alternatives.

http://bit.ly/cHGcyN

Ryder Logistics to lay off 67

Ryder Logistics and Transportation, which is part of Miami-based Ryder System, is laying off 67 of its Jacksonville employees at the end of March, according to a state layoff notice. (R)

http://bit.ly/bwhljd

S. Fla. apartment vacancies remain high

Of South Florida’s three counties, Miami-Dade’s apartment sector is expected to fare better with vacancies in 2010 than its sister counties to the north.

http://bit.ly/cmoCev

Court approves Starwood’s bid for TOUSA property

A bankruptcy court judge has approved the sale of all Hollywood-based TOUSA’s Florida properties to Starwood Land Ventures, a Bradenton-based real estate development and investment firm.

http://bit.ly/9nCxPG

Study: Number of homeless students on the rise

The recession not only has taken its toll on adults, but a new study finds it is having a significant impact on children, as well.

http://bit.ly/bgBXM7

Prices must fall, economist says

For the commercial real estate market in South Florida and around the country to recover, buyers and sellers need to come to terms on the new price reality. http://bit.ly/9HuUUs

Credit Suisse takes over Gansevoort South in Miami Beach

The owners of Gansevoort South lost the Miami Beach hotel to lenders on Thursday as the troubled condo-hotel conversion couldn't find a buyer for an $89 million loan. http://bit.ly/bWR1xl

Fort Lauderdale waterfront apartments face foreclosure

Two apartment buildings along the water in Fort Lauderdale are the target of a foreclosure action by Biscayne Bank.

http://bit.ly/ahn96C

Regions Bank names Nivet new South Florida president

Regions Financial Corp. named Steve Nivet the South Florida area president for its Regions Bank subsidiary. (RF)

http://bit.ly/diiB1q

Miami Beach’s Lincoln Theater sold to investors

The historic Lincoln Theatre has been sold to a partnership led by Miami-based Savitar Realty Advisors in a deal that is slated to close Feb. 1.

http://bit.ly/9O9fUM

Tropical Storage in Miramar going to auction

An affiliate of Cincinnati-based Great American Life Insurance Co. will have the inside track to acquire control of the Tropical Storage complex in Miramar when it heads to a foreclosure auction next month. (AFG)

http://bit.ly/9BUfqc

BankAtlantic Bancorp loses $48M

BankAtlantic Bancorp lost $48 million, or 97 cents a share, in the fourth quarter as credit woes continued plaguing the company’s bank operations.

http://bit.ly/9jKwt5