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New Yorks wobbly office market, limping from a record-high 20% vacancy rate and loss of some tenants to lower-tax South Florida, has more competition to worry about: Boca Raton.

The once-sleepy Sunshine State city of 100,000 between Fort Lauderdale and West Palm Beach is surging with new office development and amenities to support it.

Boca Raton is more complex and varied than visitors sometimes glean from its repetitive, gated residential communities, or its old reputation as a retirement town filled with geezers in golf carts. Its Atlantic Ocean waterfront now thrives with luxury condo towers, restaurants and private clubs that draw a younger clientele.

That transformation is most evident in an area now called Midtown, formerly known as the Golden Triangle, which has become the hub of Boca’s growing finance footprint.

The commercial district — bounded by Yamato Road to the north and Palmetto Park Road to the south, and between Interstate 95 to the east and St. Andrews Boulevard to the west — is home to 38 NYSE — and Nasdaq-listed companies.

Leasing at Bocas 13 million square feet of offices topped 525,000 square feet in 2023, easily besting  343,000 square feet in Fort Lauderdale and 126,000 square feet in West Palm Beach.

The momentum continued into 2024 with six new leases at the  Boca Raton Innovation Campus (BRIC), a former IBM facility a short distance from Midtown thats undergoing a $100 million project to transform it into more modern offices, places to eat and entertainment venues.

“We continue to see an influx of cutting-edge companies flocking to South Florida in search of flexible, yet turnkey, workspaces to meet the needs of their employees, BRIC general manager Michael Perrette said.

Several new office buildings that are planned or under construction will bring millions more square feet to market in the next few years.

Prominent among them is Midtown Place, a rising, Class-A project with 120,000 square feet of state-of-the-art offices to open next year. A project of Butters Construction & Development, it will bring south Palm Beach County its first new offices in more than a decade.

An existing building, 2 Town Center, was significantly upgraded by owners CP Group two years ago with such Manhattan-style features as prebuilt floors and hybrid meeting spaces. It boasts its own restaurant row.

CP managing partner Angelo Bianco said its more than 60% leased at $45 per square foot to such firms as BMO Harris Bank, Praedium Group, Prudential Financial, Related Companies and Wells Fargo Advisors.

Companies are drawn by what Boca Raton Economic Development manager Jessica Del Vecchio calls a built-in workforce of educated talent.

Del Vecchio summed up the view of some tenants in the post-pandemic world as, We can keep a presence on Wall Street, but we can also relocate to an area that we want to be in —  thats low taxes.

Boca also boasts a stop on the state’s high-speed Brightline service, allowing Miami residents to cut their commute on traffic-clogged I-95 to under an hour.

Midtown tenants enjoy proximity to the gargantuan Town Center Mall. With no fewer than five busy department stores —  Saks Fifth Avenue, Nordstrom, Neiman Marcus, Bloomingdales and Macys — and hundreds of high-end shops, it has staved off the bricks-and-mortar retail woes in much of the country.

There is also the Brookfield-owned residential and shopping complex Mizner Park, and now — incongruously for a subtropical climate — Boca Ice, a 73,000 square-foot facility with twin, NHL-size skating and hockey rinks.

Boca also has expanded its options for tourists looking to avoid the hassle of South Beach or the exorbitant prices in West Palm Beach.

A major hotel/resort, the Renaissance Boca Raton, operated by TPG Hotels & Resorts, recently emerged from an extensive renovation with a new, 30,000 square-foot pool deck and conference facilities.

We have owned and operated the property since 2006 and have experienced multiple market cycles and economic shifts,” said Ralph V. Izzi Jr., a spokesman for owner, the Procaccianti Companies.

“The current resurgence of Midtown Boca has been remarkable to say the least. Post-COVID demand in leisure and business travel, combined with evolving consumer preferences were key factors in our decision to invest so aggressively in the property.

The Boca eating scene is on an upswing everywhere. 

A large outpost of popular and critically praised steakhouse Meat Market is not owned by the Renaissance but is attached to the hotel and also operates a poolside cocktails-and-snacks bar.    

Meanwhile, New York restaurateur Dean Poll opened a branch of his famed Gallaghers steakhouse last fall. He said he chose the location because its in the middle of the corporate center with millions of square feet of offices. Hotels within a half mile mostly cater to business travelers.

He and partner Ken Langone were so confident, We built two dining areas that are able to be made into private rooms.

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UK

VE Day: Veterans to join King for tea party as Keir Starmer praises ‘selfless dedication’

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VE Day: Veterans to join King for tea party as Keir Starmer praises 'selfless dedication'

Veterans are set to join the King for a VE Day tea party today as the prime minister has paid tribute to the “selfless dedication” of the war generation.

Among them will be a 99-year-old who took part in the D-Day landings and a 100-year-old woman who worked in the Special Operations Executive, known as Churchill’s Secret Army.

Director general of the Royal British Legion, Mark Atkinson, said the charity was “proud” to be taking a place “at the heart of these national celebrations and commemorations” on the 80th anniversary of the end of the Second World War.

He said it would be “one of our last opportunities as a nation to pay tribute to those veterans still with us today”.

Evacuees from World War Two and veterans who were still in active conflict after VE Day are among the other guests set to attend the tea party, which will take place in the presence of the King and other members of the Royal Family.

The Royal Family will watch a millitary procession and flypast on Monday. File pic: PA
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The Royal Family will watch a military procession and flypast on Monday. File pic: PA

At 12pm, the Royal Family will observe a military procession, followed by a flypast.

It will be the first major VE Day anniversary without any of the royals who stood on the balcony of Buckingham Palace on the day victory in Europe was declared, after the death of the late Queen Elizabeth II in 2022.

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‘Not just for Britain’

The celebrations come as Prime Minister Sir Keir Starmer praised veterans for their “selfless dedication” and thanked them for a “debt that can never fully be repaid” in an open letter ahead of VE Day.

He said the stories which will be heard this week from those who fought in the Second World War would be a reminder that the victory “was not just for Britain” but was also “a victory for good against the assembled forces of hatred, tyranny and evil”.

Sir Keir said the WW2 veterans “represent the best of who we are” and that without their service “the freedom, peace and joy that these celebrations embody, would not be possible”.

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VE Day veteran tells Sky News what the atmosphere was like when WWII was finally declared over in Europe

Personnel from NATO allies the US, France and Germany will be among those taking part in the procession in London.

The commemorations will begin with the words of Sir Winston Churchill‘s 1945 victory speech, spoken by actor Timothy Spall.

Thousands of people are expected to line the streets of the capital to witness the celebrations.

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Codebreaker’s ‘special’ encounter with Churchill

Read more:
What’s happening to mark the 80th anniversary of VE Day?
When and where to watch VE Day flypast
Augmented reality brings to life the stories of VE Day 80 years on

On the anniversary itself on Thursday, marking exactly 80 years since the Allies formally accepted Germany’s surrender, a service of commemoration will be held at Westminster Abbey, to include a national two minutes’ silence.

Pubs across England and Wales, which usually close at 11pm, will also stay open for an extra two hours to allow punters more time to celebrate.

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Sports

Logano gets 1st win this season in OT at Texas

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Logano gets 1st win this season in OT at Texas

FORT WORTH, Texas — Reigning NASCAR Cup champion Joey Logano overcame a lot to get his first victory this season.

It came a week after Team Penske teammate Austin Cindric‘s win at Talladega, where Logano had a fifth-place finish that became 39th after a postrace inspection found an issue with the spoiler on his No. 22 Ford. There was also Logano’s expletive-laden rant on the radio toward his teammate in the middle of that race that the two smoothed out during the week. Oh, and he started 27th at Texas after a bad qualifying effort on the 1½-mile track.

But Logano surged ahead on the restart in overtime Sunday to win in the 11th race this year. He led only seven of the 271 laps, four more than scheduled.

“After what happened last week, to be able to rebound and come right back, it’s a total ’22’ way of doing things. So proud of the team,” Logano said.

On the final restart after the 12th caution, Logano was on the inside of his other teammate, Ryan Blaney. But Logano pulled away on the backstretch and stayed easily in front for the final 1½ laps, while Ross Chastain then passed Blaney to finish second ahead of him.

“Just slowly, methodically,” Logano said of his progression to the front. “Just kept grinding, a couple here and a couple there and eventually get a win here.”

Logano got his 37th career victory, getting the lead for the first time on Lap 264. He went low to complete a pass of Michael McDowell.

“I mean, there’s always a story next week, right?” Logano said. “So I told my wife last week before we left, I said, ‘Watch me go win this one.’ It’s just how we do stuff.”

On a caution with 47 laps left, McDowell took only two tires and moved up 15 spots to second. He ended up leading 19 laps, but got loose a few laps after getting passed by Logano and crashed to bring out the caution that sent the race to overtime. He finished 26th.

“We were giving it everything we had there to try to keep track position,” McDowell said. “Joey got a run there, and I tried to block it. I went as far as I think you could probably go. When Blaney slid in front of me, it just took the air off of it and I just lost the back of it. I still had the fight in me, but I probably should have conceded at that point.”

Odds and Ends

William Byron, Kyle Larson, Denny Hamlin and Chase Elliott remained the top four in season points. … Elliott left Texas last spring with his first victory after 42 races and 18 months without one. He hasn’t won since, and now has another long winless drought — this one 38 races and nearly 13 months after finishing 16th. … A crew member for Christopher Bell crawled in through the passenger side of the No. 20 Joe Gibbs Racing Toyota and was fully in the car to reconnect an air hose to the driver’s helmet during a caution in the second stage. It took two stops during that caution, and twice climbing into the car, to resolve the issue.

Fiery end to Hamlin streak

Hamlin had finished on the lead lap in 21 consecutive races, but a fiery finish on Lap 75 ended that streak that had matched the eighth longest in NASCAR history. He was the first car out of the race.

After the No. 11 Joe Gibbs Racing Toyota lost power, something blew up when Hamlin recycled the engine. Flames were coming from under the car and it was engulfed in smoke when it rolled to a stop on the inside of the track, and Hamlin climbed out unharmed.

Youngest pole sitter

Carson Hocevar, the 22-year-old driver who is McDowell’s teammate with Spire Motorsports, was the youngest pole sitter in Texas. He led only the first 22 laps of the race, losing it while pitting during the first caution. He finished 24th after a late accident.

Stage cautions

Both in-race stages finished under caution. Cindric won Stage 1 after Hamlin’s issues, and Kyle Larson took the second after a yellow flag came out because of debris on the track after the right rear tire on Chris Buescher‘s car came apart.

Larson got his 68th overall stage win and his sixth at Texas, with both marks being records. He has won a stage in each of the past five Cup races at Texas, starting in his 2021 win there.

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US

Trump calls for reopening of Alcatraz to house ‘most ruthless and violent offenders’

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Trump calls for reopening of Alcatraz to house 'most ruthless and violent offenders'

US President Donald Trump has called for the reopening of notorious prison Alcatraz.

In a post on his social media site Truth Social, Mr Trump said America had been “plagued by vicious, violent, and repeat criminal offenders”.

He added that when the United States was “a more serious nation” it “did not hesitate to lock up the most dangerous criminals”.

“That is why, today, I am directing the Bureau of Prisons, together with the Department of Justice, FBI, and Homeland Security, to reopen a substantially enlarged and rebuilt Alcatraz, to house America’s most ruthless and violent offenders,” he wrote.

Mr Trump said the reopening of the San Francisco prison would “serve as a symbol of law, order, and justice”.

The US president’s latest policy announcement comes after he fired national security adviser Mike Waltz last week in the first major change to his administration.

US President Donald Trump. Pic: AP
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US President Donald Trump speaking to reporters on Sunday. Pic: AP

Alcatraz was infamously inescapable and in the 29 years it was open, 36 men attempted 14 separate escapes, according to the FBI.

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Nearly all of them were caught or did not survive the attempt at escaping.

The prison housed some of America’s most notorious criminals, including Al Capone and George Kelly.

It has also been the subject of a number of films, including The Rock, starring Sean Connery and Nicolas Cage.

Alcatraz Island. File pic: AP
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Alcatraz Island. File pic: AP

Alcatraz Island, which is surrounded by strong ocean currents and cold Pacific waters, is now a major tourist site, operated by the National Park Service.

The prison’s closure in 1963 was attributed to crumbling infrastructure and high repair costs.

A spokesperson for the Bureau of Prisons said it would “comply with all presidential orders”.

The Bureau of Prisons currently has 16 high-security prisons, including its maximum-security facility in Florence, Colorado, and a facility in Terre Haute, Indiana, which is home to the federal death chamber.

The United States’ federal law enforcement agency has been the subject of increased scrutiny in recent years after Jeffrey Epstein‘s suicide at a federal jail in New York City in 2019.

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