MIAMI-Including redeveloping costs, developer Ceebraid-Signal Corp. of West Palm Beach, FL and Englewood, CO-based Ameriton Properties Inc. paid Chicago-based Waterton Associates about $140,873 for the existing 252 units at 300 W. Royal Palm Road, Boca Raton.
MIAMI-The Texas retail REIT and joint sellers AMB Property Corp. of San Francisco and the Lefmark Group of Miami decline to give the sales price. But area brokers intimate with the deal tell GlobeSt.com on condition of anonymity the trophy, 31-year-old property went for at least $150 per sf or about $35 million, one of the highest shopping center prices in Broward County over the last two years.
ORLANDO-Paradise Group of Safety Harbor, FL sold the 15.8-acre former Howard Johnson's hotel tract at the commercially hot intersection of Interstate 4 and Lee Road for $12.2 million, one of the highest tags in the submarket in recent years.
ORLANDO-Bob Pool, a former Clermont city councilman, told Arlington, VA-based Alcalde & Fay to start lobbying efforts in Washington for a $5 million study of a proposed four-lane, 35-mile toll road from Sumter to Orange Counties that some area planners estimate would cost $800 million. County commissioners killed Pool's request Tuesday in a quick 4-1 vote.
ORLANDO-Woodland Lakes Apartments LLC, a wholly owned subsidiary of Group IV Properties Inc., paid Bethesda, MD-based Lockheed Martin Corp. $2.23 million or $98,455 per acre ($2.26 per sf) for a prime 22.65-acre parcel in the Woodland Lakes development, east Orange County.
MIAMI-The locally based, publicly traded firm is paying a so-far undisclosed amount for the privately held design, manufacturing and fabrication company. After the merger at an undisclosed date, Global will be called Excalibur Industries Inc.
MIAMI-Lynn University of Boca Raton, FL and a group of developers/investors will replace the 30-year-old building with a 140-room hotel and 400-seat theater on the outskirts of Boca Raton, 50 miles north of Downtown Miami.
MIAMI-The Plantation, FL-based general contractor plans to break ground Oct. 1 on 25,641 sf of new construction; 12,400 sf of renovations; and 11,700-sf of remodelings at 3840 Sanibel-Captiva Road, Sanibel, Fl, 190 miles northwest of Downtown Miami.
ORLANDO-North America's largest casual seafood restaurant chain (1,193 locations) posted record earnings of 54 cents per diluted share, up 35% over the same 2000 period and surpassing Wall Street analysts' predictions of 47 cents to 52 cents per share.
ORLANDO-For the first time in local realtors' memories, the Florida Department of Business and Professional Regulation has filed a complaint against two area appraisers that could result in the loss of their licenses.
