MIAMI-The 31,546-sf, former Miami Board of Realtors' structure off Downtown at 2000 and 2040 Coral Way sold for $2.11 million or $66.95 per sf. Seventeen years ago, the property went for $2.17 million or $68.78 per sf.
WEST PALM BEACH, FL-The historically-designated, 12-unit, two-story structure near the $1 billion CityPlace retail project is on the block for $799,900 or $66,659 per unit. That would be the highest price paid locally for a comparable asset, according to area brokers. The buyers are considering converting the property into townhouses.
FORT LAUDERDALE, FL-Furniture, home furnishings and consumer electronics are doing well but pet supply stores and party goods outlets are slipping, A.T. Toroyan, a principal at Rotella Toroyan Clinton Group here, tells GlobeSt.com.
ORLANDO-The American division of British-based Emerson International Inc. plans 200,000 sf of office/retail and 3,000 residences in a sleeper area off Narcoosee Road (County Road 15), south of Tyson Road near Orlando International Airport in south Orlando.
ORLANDO-Bank of America Corp.'s local operations are growing. So are MeshNetworks Inc. of suburban Maitland and AirNet Communications Corp. of Melbourne, FL, 50 miles southeast of Downtown. All are figuring out new space needs for next year.
ORLANDO-Walpert Properties names William A. White to head Florida division and direct its shopping center acquisitions program. White will also oversee the firm's leasing, management and development programs.
WEST PALM BEACH, FL-Kenco Communities at the Ranch paid $5.16 million or $1.81 per sf for a 62.5-acre tract in southwest Palm Beach County where the developer is considering a residential venture. First Union National Bank is advancing $11.55 million in development funds. The site is 90 miles north of Downtown Miami.
FORT LAUDERDALE, FL-The 15-year-old federal law to assist disabled visitors to office buildings, attractions and restaurants is continually open to new interpretation, frustrating owners who are forced to update assets, often at exhorbitant costs, D.K. Mink, president of Mink & Mink, tells GlobeSt.com.
ORLANDO-The Birmingham, AL-based REIT's $200 million mixed-use venture in Seminole County will also see a five-story, 155,000-sf office building surface in April in one of the most competitive suburban submarkets 25 miles north of Downtown.
MIAMI-The half-acre parcel at 1025 SW Second Ave., near the city's banking corridor, sold for $1.2 million or about $56 per sf. Two years ago, the same land went for $775,000 or about $36 per sf.