MIAMI-Demand is strong for commercial sites in South Florida but the dirt is appreciating faster in Miami-Dade County than neighboring Broward or Palm Beach counties.
MIAMI-The Boca Raton-based buyer pays $26.87 per sf for the 284,000-sf Universal Plaza shopping center at the southwest corner of Commercial Boulevard and University Drive in Lauderhill, FL, about 15 miles north of Downtown Miami.
MIAMI-Ben Eisenberg and David Voell move up to senior director posts. Margarita-Guajardo Kurtz is a new director. Gregory C.Masin becomes an associate director.
POMPANO BEACH, FL-After nine months of litigation, the broker's lawsuit is only at the discovery stage. The plaintiff charges the defendant tricked him. Coldwell Banker's motion to dismiss the suit has been denied.
MIAMI-Operational shock waves continue to rumble through the movie theater business. Regal Cinemas, both South Florida's and the nation's largest operator, is reported to be shelving plans for new locations and trying to cancel leases on existing properties.
MIAMI-Operational shock waves continue to rumble through the movie theater business. Regal Cinemas, both South Florida's and the nation's largest operator, is reported to be shelving plans for new locations and trying to cancel leases on existing properties.
FORT LAUDERDALE, FL-The local hotel scene grows more crowded as the developer of a stalled beach property transaction strikes a deal to flag it as a high-end St. Regis that will include some condo and time-share units near the top of the 23-story tower.
BOCA RATON, FL-A British firm takes 26,000 sf to complete the lease-up of Florida Atlantic University's 450,000-sf Research Park here. Now FAU plans to launch a similar complex in nearby Deerfield Beach.
FORT LAUDERDALE, FL-The tallest structure in this city has been sold by AutoNation Inc., its largest occupant, for the highest price ever paid for a single building in Broward County. Dallas-based Genesis Capital Advisors paid $53.5 million or $137.06 per sf for the 30-story, 390,320-sf AutoNation Tower. The seller is leasing back the asset for 10 years.