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WELLINGTON, FL-The estimated $177 million deal is likely to include a 12-acre industrial warehouse site M&M acquired in 1998 for about $5.2 million in the Miami-Dade airport/west submarket. Wellington is 61 miles north of Miami in Palm Beach County.
BOCA RATON, FL-The developer-operator of wireless communications towers reports that second-quarter net losses increased by 195%, though revenue rises by about 50%.
BOCA RATON, FL-The locally based commercial real estate investment and development company now operates as a privately owned holding of Concord Assets Group.
MIAMI-The locally based homebuilder wants to modify certain zoning restrictions on the 4,026-unit mixed-used residential development, which could mean a reduction in the total number of multifamily units planned within the 462-acre construction site in southwest Miami-Dade County.
BOCA RATON, FL-The locally based owner-operator of resort properties also reports an 8.1% increase in total revenue per available room and a 3.1% increase in hotel room occupancy for the three months ended June 30.
BOCA RATON, FL-The real estate investment trust reports the weighted average gross rental rate on new leases signed increased $12.39 per sf over the second quarter.
MIAMI BEACH, FL-The acquisition of the 704,538-sf mixed-use property represents a major step in a strategic plan to expand the company's investments in South Florida and the Caribbean.
PLANTATION, FL-Instead of doing its own inhouse leasing, the Tampa, FL-based office developer is going with C&W to fill the newly constructed Royal Palm at Southpointe office park in this Broward County community 24 miles north of Miami.
FORT LAUDERDALE, FL-Price and terms were not disclosed but the Nashville, TN-based company expects to close on the deal in 30 days. Industry sources speculate the price could be based on a negotiated percentage of the $70 million a year in estimated gross revenue that USA Parking produces each year.
CORAL GABLES, FL-The Coral Gables, FL-based firm promotes Jude Williams to a newly created position of president, adds a new tenant-services division and later this year plans to roll out two new discretionary institutional funds and expand another.