MIAMI-Construction on the 562,000-sf Metropica project, being built on 39.8 acres at a hard construction cost of $285 per sf, is scheduled to start in December on several structures that will house office, retail and residential in Sunrise, FL, 20 miles north of Downtown Miami.
MIAMI-Harper, a Coral Gables, FL-based architecture firm that grossed $8.9 million last year, has acquired the 20-person Donahue & Co. design firm of Boca Raton, FL for an undisclosed amount.
MIAMI-The Greater Miami Chamber of Commerce is honoring the Coral Gables, FL developer Feb. 8 for his numerous contributions to the civic, social and development life of South Florida since 1980 when he started Codina Group Inc.
MIAMI-The Framington, MA-based general contractor expects to complete construction on the 294-unit La Posada in Palm Beach Gardens, FL by spring 2003. Greystone Communities Inc. of Irving, TX will plan and manage the project with its owner, Westport Senior Living.
MIAMI-Locally based Karlton Properties and the Athena Group of New York bought the 35-story, 399-unit property in south Miami Beach in June from Orlando developer Zom Inc. for $97.25 million or $243,734 per unit.
MIAMI-Record revenues in bed taxes are set at $957,355 for June, up 1% from last year as gross taxable lodging revenues also rise 1% to $23.9 million. Hotel rates are up for first time since Sept. 11 but occupancy remains down at 61.1% for June, the latest audited month.
MIAMI-Union Capital Investments of Atlanta is providing owners Robert Rohdie and Alan Ginsberg with a 10-year loan at a 6.6% fixed rate amortized over 30 years for the 192-unit, class B property, 60 miles south of Downtown Miami.
MIAMI-Record revenues in bed taxes are set at $957,355 for June, up 1% from last year as gross taxable lodging revenues also rise 1% to $23.9 million. Hotel rates are up for first time since Sept. 11 but occupancy remains down at 61.1% for June, the latest audited month.
MIAMI-The Fort Lauderdale, FL-based buyer, CCMSC 200-1 Broward Plaza, paid Westfork Plaza Ltd. $110 per sf for the 398,292 sf shopping center in a busy area of Broward County.