MIAMI-The five-year lease renewal at the 701 Brickell building is for 22,785 sf. The New York-based company is paying about $33 per sf. With positive renewal results, the building has retained a 98% occupancy level.
MIAMI-More than 8.8 million pounds of cement, 13.8 million pounds of sand, 17.3 million pounds of rock and 352,000 gallons of water will mark the largest foundation pouring in state history. A ceremony is planned for Oct. 11.
MIAMI-The Pompano Beach, FL-based, publicly traded restaurant chain issued close to 14 million new shares for a $5 million investment in the reorganized company, and more than 4 million shares went to a creditor.
MIAMI-The Gables Residential-JP Morgan joint venture has sold the 290-unit Royal Palm Beach, FL, apartment home community to Vista Realty Partners of Atlanta for $95,517 per unit. The two-year-old property is 93%-occupied.
MIAMI-Currently at 4.5 million sf, Florida's largest business park has leased 30,000 sf of retail as the business park begins to experience a new wave of tenant interest, Flagler Development Co. representatives tell GlobeSt.com.
MIAMI-The Fort Myers, FL-based home furnishings store plans to take over 80,000 sf formerly occupied by Jacobson's. This lease, for Robb & Stucky's 14th store, is expected to be signed within a month.
MIAMI-The value of the deal was undisclosed. Alan Jacobson, vice president, chief operating officer and co-owner of the 56-year-old, Miami Beach-based Wimbish-Riteway Realtors, will become senior vice president of luxury sales for Coldwell Banker Residential Real Estate.
MIAMI-The Peabody Global Real Estate Fund of New York and EdwardsDay Investments of Atlanta purchased the 317,288-sf Alhambra Plaza and Alhambra West for $54.5 million.
MIAMI-With 10 years's experience in commercial real estate finance under his belt, previously working for Coral Gables, FL's Thomas D. Wood & Co., he becomes director of the real estate investment and merchant banking company.
MIAMI-A former Scotty's Home Improvement Center on Military Trail is being renovated at a $4 million construction cost ($97.56 per sf) that will make the location the largest dealership of its kind in South Florida, according to a prepared statement from the company.