MIAMI-A buying group led by Texas Pacific Group backed out of plans to buy the locally-based fast-food chain from Diageo PLC of London for $2.2 million.
MIAMI-Turnberry Associates of Aventura, FL and Schiff Cos., based here have formed Turnberry-Schiff Properties and purchased more than 835,000 sf of retail space in the state for $73 million.
MIAMI-The new division of the Fort Lauderdale-based commercial real estate services company will specialize in acquiring and financing commercial real estate properties that are owned, controlled or occupied by investment-grade public companies.
MIAMI-The American Ventures Fall Investment Conference was held recently at the Biltmore Hotel in Coral Gables, FL. Top real estate investment professionals spoke about investment "best practices" to invited industry guests from across the country.
MIAMI-The 1.15 million-sf, 20-year-old, class A First Union Financial Center here has changed its name to Wachovia Financial Center to reflect the bank's merge with Wachovia Bank.
MIAMI-The project involves 65 of the condominium tower's 569 units. The changes will cost between $40,000 and $85,000 per unit and will be built as they are sold.
MIAMI-The former project manager for Cornerstone Development Group in Destin, FL, will focus on the Broward and Palm Beach County office markets for the Coral Gables, FL-based Oncor affiliate.
MIAMI-The college will move to 65,000 sf in the former Omni International Mall. Miller Construction Co. of Fort Lauderdale is completing the $5.9 million project on an expedited schedule.
MIAMI-The committee, to form later this year, will advise the district on ways to better organize its construction department with a goal of building and renovating schools more efficiently.
MIAMI-The company most recently renewed and expanded its lease for a total of 72,612 sf here and inked a relocation lease for 30,392 feet in Coral Gables. And that wasn't all. Combined, the leases are estimated to be valued at $25 million.