MIAMI-Taylor Ranch Ltd. bought San Marino, a luxury rental community in Southwest Florida built by Cornerstone Group Development Corp., from the partnership of San Marino LLC for $101,000 per unit. No financing was provided.
MIAMI-Codina Realty Services senior vice presidents Jose I. Juncadella and Pedro J. Garcia will serve as leasing agents for the five-story, multi-purpose building, located in the Westside Corporate Center. Ryder plans to vacate the building in two years, when its replacement headquarters facility is built.
MIAMI-The five-year, adjustable-rate loan for Sunrise Harbor Multifamily Inc., an entity created by Lend Lease Real Estate Investments, was arranged by Holliday Fenoglio Fowler LP through ING Investment Management.
MIAMI-Holliday Fenoglio Fowler LP arranged the two-year, adjustable-rate acquisition, renovation and conversion loan through Ohio Savings Bank and the mezzanine loan through Fidelity Investments.
MIAMI-Biodegradable Packaging Corp.'s new 20,000-sf location is at 9775 NW 80th Ave. in Pelmad Industrial Park. The five-year lease is valued at an estimated $500,000. The company manufactures and distributes corrugated and solid fiber boxes.
MIAMI BEACH-The locally based real estate acquisition organization refinanced 16 multifamily communities containing 5,765 apartment units in seven statesmostly through Commercial Ventures, a division of GMAC Commercial Mortgage Corp.
NORTH MIAMI BEACH- Chicago-based Corus Bank has provided an $84 million construction loan, and City National Bank of Miami has provided $15 million in mezzanine financing for the 48-story, 386-unit condo tower here.
MIAMI-Vero Beach, FL-based Thompson Inc. bought the free-standing building, completed last year, from Madison I LLC for $4.5 million. It sits adjacent to a tract of land suitable for 20 acres of retail development.
PLANTATION, FL-The 376-unit luxury apartment community here was developed in 1995 by Boca Raton, FL-based Gables Residential. Greystar Capital Partners has retained a CB Richard Ellis team to market the property.
MIAMI-The loan is to convert The Victorian Plaza here into a condominium community called The Collins. The conversion is expected to cost Karlton, which recently purchased the building for $22.4 million, a little more than $20 million.