FORT MYERS, FL-Kings Towne Oaks Revocable Trust and Kings Towne Oaks LLC paid $32,721 per unit cash for the 136-unit complex, which was 95% occupied at the time of closing. The new owners plan to spend $350,000 on renovations to the property, which was originally built in 1974.
SUNNY ISLES BEACH, FL-Developer Michael Dezer purchased the Suez Motel here, on 3.65 acres of oceanfront property, for $20 million. The Trump Royale, co-developed with Donald Trump, will be located here. Dezer also swapped the Driftwood Motel for the Days Inn Motel down the street.
MIAMI-Grandison's previous experience includes work on the AutoNation USA Parking Garage in Miami and Brickell Bayfront Club Condominiums, also in Miami. 610 Clematis, a planned $55 million, 259-unit condominium project, is scheduled to break ground next August.
MIAMI-The Internet vitamin distributor inked a five-year lease, at 2055 Highridge Rd., valued at $946,188, or $6.25 per sf. The company is moving from a 10,850-sf location nearby.
WESTON, FL-In the five-year, multimillion-dollar deal, the company plans to relocate from its 21,000-sf location on Northwest 77th Ave. in Miami Lakes, FL to a 400,000-sf, 97%occupied, class A office park here.
MIAMI-Goodwill Industries leased 34,280 sf, Indiana Power and Transmission leased 23,516 sf, and Special Events & Design Group leased 8,560 sf at Premier Gateway Center in Boynton Beach, FL.
FORT LAUDERDALE-The Altman Cos. of Boca Raton and the locally-based Abdo Cos. are planning 338 residences in two 22-story buildings facing New River here.
MIAMI-The $55 million 610 Clematis project calls for 259 units and eight stories in downtown West Palm Beach. Scheduled to break ground in August 2003, the project was recently assigned a new interior design head. A sales team is expected to appointed next month.
FORT LAUDERDALE-The lease is for 51,499 sf of office space at the 412,296-sf, 12-story AtlanTech Tower here. The value is based on an average quoted rate of $26.26 per sf for similar space in that submarket.
MIAMI-The Irving, TX-based check-cashing chain sold the stores, located in Dade, Broward and Palm Beach counties, to competitor CCS Financial Services Inc., doing business as The Check Cashing Store, based in Fort Lauderdale.