MIAMI-The Miami-Dade County Aviation Department is looking for willing sellers in roughly a 20-acre industrial-warehouse section along the southwestern edge of Miami International Airport. The county will be paying top dollar for the dirt--about $50 per sf or an average $2.5 million per acre.
BOCA RATON, FL-Danburg Management Corp. of Fort Lauderdale paid the New York-based insurance conglomerate $64.37 per sf for the six-building, 85%-leased, 386,046-sf Boca Industrial Park, 70 miles north of Downtown Miami.
BOCA RATON, FL-Cary Fronstin and Nigel Horsfall are new vice presidents in charge of property management. Also getting more responsibilities are Niegel Horsfall, Linda Lake, Bunnie Willis and Meredith Gladysz.
SUNRISE, FL-Affiliates of the Virginia-based real estate investment trust are borrowing $472 million underwritten by Morgan Stanley and Goldman Sachs on the 2.1 million-sf Sawgrass Mills retail center in this southwest Broward County community, 26 miles north of Miami.
MIAMI-The affiliate of San Francisco-based Shorenstein Co. refinances debt on the 55-story First Union Financial Center through Bayerische Landesbank Girozentrale.
FORT LAUDERALE, FL-An estimated 150,000 sf of brick-and-mortar product is involved in the floral wire-service deal with Los Angeles-based Telefora, a competitor.
MIAMI-Cushman & Wakefield picks Philip H. Grossberg, former regional real estate manager for General Motors in Brazil, to be part of its newly formed Latin American International Services Group.
WEST PALM BEACH, FL-In a move to centralize operations, Palm Beach County officials are offering about $7.3 million, or $2.70 per sf, for 62 acres of land zoned for light industrial use in this city 67 miles north of Miami.
BOCA RATON, FL-Announcement of the operational results comes as a consensus of stock analysts tracked by Thompson/First Call shaved a penny off the company's second-quarter earnings forecast.