MIAMI-The 108-year-old Boston law firm of Edwards & Angell LLP has begun a five-year, 9,113-sf lease, and Wachovia Corp. has started a 10-year expanded lease for 23,381 sf in the 19-story, 275,000-sf class A office/retail tower.
MIAMI-The Fort Lauderdale, FL-based contractor won the Excellence in Construction Awards for City Furniture's 660,000-sf Sawgrass Center in Tamarac, FL, and Rick Case Honda, a 60,000-sf auto dealership in Davie, FL.
MIAMI-The 30,537-sf, 95%-leased property in North Fort Myers, FL, was sold at a 9.7% cap rate, just 12 days after it was listed to Robert Cheyney of Englewood, FL, for $3.3 million or $108 per sf. Volute Enterprises Inc. was the seller.
MIAMI-The 500,000-sf open-air mall, built in 1960, sold for $23.10 per sf and will undergo a multi-million-dollar renovation and redevelopment by the new owner. The seller was Tashi Valley Inc., a Miami-based firm with Mideast financial connections.
MIAMI-Liz Spivack, formerly with ENTEX Information Services of Ryebrook, NY and Lucent Technologies Inc.'s professional services division in Murray Hill, NJ , will focus on new business initiatives and marketing strategies for the company's Miami office.
MIAMI-Law Management II Inc. signed on for another seven years, and Vanguard Corp. of America expanded and signed for four more years in the 11-story, 145,000-sf, 84%-occupied building.
MIAMI-The Dec. 7-8 Miami Beach expo is expected to draw more than 300 exhibitors, including commercial developers, brokers, financial institutions and interior designers, and more than 2,000 attendees from around the world.
MIAMI-Crescent Real Estate Equities Co. of Fort Worth, TX received about $142.30 psf for the 780,000-sf class A office Miami Center. New York-based JPMorgan Fleming acquired a 60% interest; Crescent retains a 40% ownership.
MIAMI-The Fort Lauderdale, FL-based general contractor won an Eagle Award from the Florida East Coast chapter of the Associated Builders & Contractors Inc. for the $3 million, 12,000-sf, cylindrical Holy Cross Hospital Chapel in Fort Lauderdale.
MIAMI-The Boynton Beach, FL property was purchased by an Orlando investment group for $21.75 million or about $39.11 per sf. The property comprises a 556,000-sf manufacturing/warehouse building on 90 acres. Motorola will lease back 190,000 sf in the facility.