MIAMI-The Chicago entrepreneur bought two properties in Coconut Creek, FL from Boston-based AEW Capital Management for $50.9 million. The properties are 25 miles north of Downtown Miami.
ORLANDO-Twenty-foot floor-to-ceiling windows and a 360-degree view of the city sealed the transaction at the 31-story, 512,000-sf 400 North Ashley Building for the locally based provider of global support services for the technical, financial and communications industries. Tampa is 80 miles west of Downtown Orlando.
ORLANDO-Airport Builders Group Inc. of Orlando plans to break ground on the 51,588-sf, 34-hangar Golden Executive Aviation project by Aug. 1, have it operating by year end and then sell it to a third party.
MIAMI-The former co-founder of Southern Systems Inc. is searching for tenants to fill Millennium Partners' 220,000-sf of office at the Four Seasons Hotel and Tower on Brickell Avenue and for buyers to develop the 75-acre, mixed-use Rockefeller Group Corporate Park in Miramar, FL, Broward County.
ORLANDO-The U.S. Bankruptcy Court in Baltimore has approved the reorganized timeshare developer's plans to deal exclusively with Miami-based Interval International on unit exchange services for its owners. The values of the new and old contracts weren't disclosed.
MIAMI-Leases from American Express, Estee Lauder and Vivendi affiliate US Filter bring the nine-story, 240,000-sf class A office park in Plantation, FL to 60%. New York-based TIAA-CREF owns the property.
ORLANDO-Belmont Heights Estates, one of the largest multifamily, partial publicly funded ventures in the area, will have 84 one-story and two-story buildings housing 201 units in the first phase and 358 units in the second phase which is expected to break ground within the next two months.
MIAMI-New York-based Related Capital Co. is investing $11 million in debt and equity financing to develop the 160-unit, three-building Colonial Park Apartments in Margate, FL, 32 miles north of Downtown Miami.
MIAMI-Turbo Investments International Inc. paid Penn Florida Realty Corp. of Boca Raton, FL $16 million for the month-old, five-story, 42,000-sf One Wachovia Center 100% leased to Wachovia Bank. Boca Raton is 70 miles north of Downtown Miami.
PHILADELPHIA-One of the biggest names in commercial real estate is buying an equity interest in the 26-year-old, 29-story, 610,000-sf Tower Place 100 office building in a deal valued at an estimated $130 million.