The U.S. government has purchased a 3.3-acre site for a new Fort Lauderdale federal courthouse for $13.6 million, a major move forward to replace the existing courthouse that's in poor condition.

The federal government bought the site from Dunmore Properties Ltd., an affiliate of Fort Lauderdale-based venture capital firm Hudson Capital Group Inc. headed by Steven Hudson.

The transaction closed on Dec. 28.

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Lidia Dinkova

Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.