MIAMI-FX Properties has acquired two sorting/distribution facilities from FX Properties Ltd. for $3.6 million, or about $60 per sf. Although buyer and seller are locally based, they are not affiliated.
MIAMI-Year-to-date net absorption is improving sharply and rents are rising or holding steady, giving brokers and analysts confidence the total 268 million-sf market is stable and showing signs of improvement, according to new third-quarter research by Cushman & Wakefield of Florida Inc.
BOCA RATON, FL-The locally based developer and operator of wireless communications towers builds 133 new towers, and acquires 77 more at an aggregate cost of $23.8 million during the third quarter ended Sept. 30.
BOCA RATON, FL-The locally based developer is extending and amending the contract expiration date for Bluegreen/Big Cedar Vacations to Nov. 16 from Oct. 5. Bluegreen/Big Cedar operates a 300-unit, wilderness-themed resort in Ridgedale, MO. SunTrust Bank holds the notes.
FORT LAUDERDALE, FL-A new Reis Reports Inc. market survey finds asking rents are averaging $6.37 per sf, with effective rents reaching $6.21 per sf. In Miami-Dade, the estimated average asking rent is $5.59 per sf with effective rent at $5.47 per sf.
FORT LAUDERDALE, FL-Work is about to begin on a 400-unit multifamily tower at a 10-acre Downtown development site. Planning has started on an accompanying 260-unit phase-three building.
BOCA RATON, FL-Beacon Square Associates, an affiliate of St. Joe Commercial, sells the 168,000-sf Beacon Square Park office building to an unidentified buyer for $33.8 million. The per-sf price is one of the highest this year in South Florida.
FORT LAUDERDALE, FL-A new Reis Reports Inc. market survey finds asking rents are averaging $6.37 per sf, with effective rents reaching $6.21 per sf. In Miami-Dade, the estimated average asking rent is $5.59 per sf with effective rent at $5.47 per sf.
