BOCA RATON, FL-The plan to sell locally based Crocker Realty Trust's entire 6.1 million-sf portfolio for $500 million ($81.97 psf) is off. The holdings will likely be sold piecemeal.
FISHER ISLAND, FL-It wasn't only the temperature that was hot during August at this 216-acre high-end condominium-and-club complex just south of Miami Beach. Total sales are approaching $175 million.
MIAMI-After years of being in development limbo, the 88-acre, diamond-shaped Watson Island could be about to offer more than great views. A $40 million cruise ship terminal is high on the list. But the only sure project getting off the ground this year is a new facility for the city's Parrot Jungle attraction.
CORAL SPRINGS, FL-Wal-Mart is aggressively going after a larger slice of South Florida's supermarket business. Two Supercenters are planned for this Broward County community. Another is under construction in Palm Beach County.
MIAMI-National Rehab Properties Inc. will ask stockholders at the Sept. 12 annual meeting for approval to change the company name to National Residential Properties Inc.
FORT LAUDERDALE-Zenith Realty Investments pays William Mencarelli $4 million or $71.17 psf for two vacant, one-story showroom/warehouse structures totaling 56,200 sf at prime site near Powerline Road, Interstate 95 and the Florida Turnpike.
MIAMI-LNR Property and its Miami partners are putting the 33-story, 286,000-sf Brickell BayView Centre up for sale. The marketing agent, Sonnenblick-Goldman, expects to get $39 million or $136.36 psf for the building that LNR and its partners bought 2 1/2 years ago from Japan Development Corp. for $23.9 million or $83.57 psf.
SUNRISE, FL-Anyone interested in building a new small-store strip shopping center in the western part of this Broward County community had better forget it. The city won't approve most of them.
NAPLES, FL-It's only going to be eight stories high with an attached 495-space parking garage, but the 145,000-sf Fifth Third Center will be this city's tallest building when it is completed in mid-2001. Naples is 100 miles west of Downtown Miami.
BOCA RATON, FL-So-called megaplex movie houses are putting smaller multiplexes out of business. As a result, more shopping-center operators have vacant cinema space on their hands that may be tough to re-rent.