FORT LAUDERDALE, FL-Glen Gilbert, who has been with the developer for seven years, has become senior executive vice president of finance, and George Scanlon has joined the locally based company as chief financial officer.
AVENTURA, FL-Miami Wrecking Co. is overseeing the demolition of two warehouses where 3030 Aventura, a 45-unit boutique condo project, will be located. Construction is scheduled to begin early next year.
MIAMI-BCOM Inc.'s 1800 Club, with 469 units planned, will add to the many new developments in that area. The demand is there, though, brokers say, because land for single-family housing in the area is limited. The 1800 Club project is set to be completed in 2006.
MIAMI-The 200,000-sf first phase, a $16-million project, saw seven units sell for a combined $4.3 million--at an average of $70.60 a sf. Pre-sales for phase two are under way.
FORT LAUDERDALE, FL-The company's long-term penthouse lease at Las Olas City Center here is estimated to be worth at least $3.1 million. The company is moving from 1 E. Broward Blvd.
WESTON, FL-The two adjacent buildings here are a 230,600-sf distribution facility net-leased to Circuit City Stores Inc. and a 201,845-sf distribution and cold storage facility net-leased to Hagemeyer Foods NA Inc. They sold for approximately $54.20 a sf and $89.67 per sf, respectively.
PEMBROKE PINES, FL-Four companies signed for a combined 10,722 sf of space at Flamingo Pines Shopping Center. With the leases, the center is 98% occupied.
WESTON, FL-The new bank, based in Miami, signed two 10-year leases for locations at Weston Lakes Plaza and Country Isles Plaza, which are now 100% and 99% occupied, respectively. The banks are to open this fall.
MIAMI-The sales in Southeast Florida accounted for 7,374 units and nearly $1.1 billion in sales, says a new report by Madison-LaPaul. In Southwest Florida, nine properties with 2,880 units were sold for $242 million total in that period.
BOCA RATON, FL-The figure increased from $3.2 million in the fourth quarter ending June 30, 2003, to $5.8 million a year later. For the fiscal year, net income was up from $8.8 million to $18 million.