MIAMI-Flagler Development Co. of Jacksonville, FL has purchased the 50% interest it didn't already own in three, 180,000-sf buildings here from Duke Realty Corp. The buildings, built in 1999, are 100% leased.
MIAMI-La Bottega di MammaRo, Les Bijoux and Stelios Galgadas have recently opened here, while an 80,000-sf Robb & Stucky and a 10,000-sf Z Gallerie plan to open in March.
MIAMI-Named "The Walk," this precursor to a new, redeveloped downtown, consists of new and renovated buildings totaling 140,000 sf of restaurant and retail space, and 100,000 sf of office space.
TEQUESTA, FL-Woolbright bought the 109,937-sf shopping center here from Jacksonville, FL-based Regency Centers LP for about $68 per sf. Located in an affluent area, the center is anchored by Publix and Beall's Outlet.
WEST PALM BEACH, FL-First West Palm Office bought the 29,737-sf office building here from LSG Corp. The buyers obtained a loan for $2.4 million, or about 60% of the cost, from a Washington, DC-based lender.
MIAMI-The Palm Beach Gardens, FL-based publicly traded Correctional Properties Trust also experienced its seventh consecutive quarter of increased funds from operations, compared to the same quarter the year before.
MIAMI-Excavation has begun at the nearly 190-acre site of the future Biscayne Landing at North Miami, being developed by a joint venture between Boca Developers and Swerdlow Real Estate Group. The condos will sell for $250,000 to $1 million.
MIAMI-Jeff Ross, previously with CB Richard Ellis Inc., joined Trammell Crow, Mark Bailey relocated from the company's Tampa office, and Regina Perez and Penny Sparks were promoted.
MIAMI- David represents national and international firms in industrial facility sales and leasing in Miami-Dade County and other markets across the country. He has been with Coral Gables, FL-based Codina Realty Services since 1994.
MIAMI-Locally based Pollo Operations Inc. sold both single-tenant properties, located in Sunrise and in Pompano Beach, FL, to Ron and Janet Halter of Wilsonville, OR for $1.5 million and $1.4 million, respectively.