MIAMI-A Winn-Dixie supermarket anchors a 79,000-sf shopping center opening in the economically-depressed Liberty City section. Community leaders hope the venture will trigger additional development in a neighborhood that has yet to fully recover from social unrest in the 1980s.
BOCA RATON, FL-Koger Equity is transferring certain internal operations here from Jacksonville, FL headquarters. The REIT will also assume management of properties owned by locally based Crocker Realty Trust until they are sold off.
POMPANO BEACH, FL-Deals of under $3 million continue to fuel South Florida's commercial property investment market. A more taxpayer-friendly IRS is also helping spark activity even in a competitive climate where high space occupancy tends to discourage sellers from selling.
FORT LAUDERDALE, FL-The 116-room Bahia Cabana Resort at 3001 Harbor Drive has been sold for $6.75 million ($58,190 per room) to partners John Day and Patrick Flavin. Part of the four-building complex may be razed for condo development.
WEST PALM BEACH, FL-The Oct. 27 debut of the shopping/entertainment component of Downtown's $550-million CityPlace will be followed in late November by initial occupancies at the 128-unit Tower Apartments.
MIAMI-Bass Hotels & Resorts has named Frederik de Roode regional vice president for operations in the Southeast. He will also be vice president and general manager of the Hotel Inter-Continental Miami.
FORT LAUDERDALE, FL-Developer Charles Palmer has finally won city approval to build two high-rise apartment towers along the New River in the Downtown area. But to get the OK, he had to trim their originally proposed 42-story height by 10 floors on one building and four floors on the other.
MIAMI-The Airport/West Dade area continues to outshine the city's CBD as Miami-Dade's most active office leasing submarket, based on figures for the first nine months compiled by RealData Information Systems of Coral Gables, FL.
BOCA RATON, FL-A 78,470-sf office complex has broken ground at the interchange of Interstate 95 and Congress Avenue. Two other office buildings are already under construction nearby and another project has received local approvals.
DEERFIELD BEACH, FL-Konover Construction Corp. South, a general contracting unit of Konover & Associates, is closing it South Florida operations here. Contracted work now in progress will be completed, but the company expects to be totally out of the market next year.