MIAMI-Lenders grant the locally based equipment rental company a permanent wavier under events of default and an increase in pricing. In exchange, Neff agreed to a reduction in the maximum amount allowed under the credit facility, from $220 million to $160 million by June 30 and to $120 million by Dec. 31.
MIAMI-The Miami-Dade County Housing Authority is issuing $10.3 million in tax-exempt and taxable bonds to build a 214-unit apartment project for low-income wage earners.
MIAMI LAKES, FL-The New York-based firm is expanding its Latin American and Caribbean headquarters operations from its suburban Miami Lakes offices totaling 70,000 sf.
MIRAMAR, FL-The Atlanta-based developer of industrial-warehouse properties embarks on a wave of construction in Broward County, with 476,100 sf of leaseable space opening later this summer in this community, 16 miles north of Miami.
FORT LAUDERDALE, FL-The six-year-old lodging chain, founded by entrepreneurs H. Wayne Huizenga and George D. Johnson Jr., is moving to Spartanburg, SC over the next six months where Johnson and his brother own a real estate development company. Fort Lauderdale is 26 miles north of Miami.
NORTH MIAMI BEACH-The locally based real estate investment trust has signed a definitive stock exchange agreement to acquire the US shopping center operations from a subsidiary of Canadian-based Centrefund Realty in a stock deal valued at $121 million.
MIAMI-The Miami-Dade Public Health Trust, which operates Jackson Memorial Hospital, apparently approves a bid last week to acquire Deering Hospital, a 199-bed facility, for $32 million or $160,804 per bed. Equipment and furnishings will cost another $6 million.
HOLLYWOOD, FL-The locally based developer is getting $100.78 per sf in a deal valued at $282.8 million. The assets comprise 2.8 million sf of gross leasable space and a rent roll of 250 tenants with average occupancy at 97%.
FORT LAUDERDALE, FL-Flagler Development Co., a subsidiary of Florida East Coast Industries Inc., apparently agrees with the terms of a pending amendment to an assignment on a 91-acre land lease at Port Everglades.