BONITA SPRINGS, FL-The locally based developer of multi-story luxury shelter selects Michael Saunders & Co. to sell 76 condominium units in a planned 17-story high-rise next to the Ritz Carlton Sarasota. Bonita Springs ix 120 miles west of Downtown Miami.
TAMARAC, FL-Suddath Relocation Services has signed a letter of intent to buy the building on a 17.6-acre property for an estimated sale price of $6.9 million. This west-central Broward community is about 30 miles north of Downtown Miami.
MIAMI-The locally based real estate investment, finance and management company adds to an original issue of $100 million first underwritten in January 1999 by Deutsche Banc Alex. Brown.
MIAMI-The Miami City Commission has approved a major-use special building permit for the Brickell Avenue area condominium high-rise, tentatively called Brickell View. The estimated hard construction cost is $50 million.
MIAMI-A buyer's market and ongoing rent incentives to attract and retain tenants from 1984 through 1999 pulled down cash flows and slowed projected profits, the partners in KFP 85 Ltd. disclosed in a Securities and Exchange Commission report obtained by GlobeSt.com. The Pappas family and Fred Stanton Smith, KFP principals, are big names in South Florida real estate circles.
MIAMI-Boca Raton-based Miami One Centre Development Co. wins OK on building permit changes for a 29-story office tower, a 38-story apartment complex and a five-story, 1,485-space parking garage on the last developable land parcel Downtown.
CORAL GABLES, FL-The Houston-based investor/developer paid an estimated $20 million for the 100,000-SF First Union National Bank building and two smaller structures on a 3.2-acre site near this affluent city's Miracle Mile shopping corridor, just south of Downtown Miami.
FORT LAUDERDALE, FL-The locally based developer is expected to open 2,500 linear feet of parallel dock space around March 1 at this mixed-use residential community 28 miles north of Miami.
FORT LAUDERDALE, FL-The subsidiary of Atlanta-based BellSouth Corp. is leasing 47,400 sf for an estimated 10 years at an estimated aggregate rent of $6 million in a single-story, 50,000-sf building at 2001 NW 64th St. The 48-acre office park is 38 miles north of Downtown Miami.
BOCA RATON, FL-The Dallas-based real estate firm puts Black in charge of program coordination and new associate training in the markets of north Broward and Palm Beach counties. Boca Raton is 42 miles north of Miami.