MIAMI-At 10 years and 10,000 sf, the lease translates to $34 per sf in the mixed-use Boca Center, Tower 1. This brings the occupancy of the two towers to 94%.
MIAMI-American InterContinental University is taking 77,000 sf at an estimated aggregate rent of $20 million at Beacon Pointe, Phase III, bringing that property to 77% occupancy. Al About Staffing Inc. is leasing 40,000 sf at an estimated total rent of $10 million at Sawgrass Pointe, raising that structure to 30% occupancy. Both are estimated 10-year deals.
MIAMI-Richard, Harry and Mark Levy, principals in newly formed Levy Acquisition Co., will be senior officers at Oriole. Another Levy company, Levy Group, owns 60.1% of Oriole class A common stock and 24.5% of class B common.
MIAMI-One set of plans is for a nine-unit, $2.4 million loft project scheduled to break ground in February on a little more than a quarter of an acre at 1577 Bay Road.
MIAMI-The Coral Springs, FL, National Hockey League team wants to build "numerous" ice skating and entertainment facilities similar to Incredible Ice in South Florida towns, possibly including Weston.
MIAMI-The $187.28 per-sf price that seller Principal Life Insurance Co. obtained is top dollar in the market. The Des Moines, IA-based firm bought the property 3 1/2 years ago for $7.3 million less.
MIAMI-The locally based company also has a new contract with Principal Capital of Des Moines, IA, to manage the 287,000-sf industrial park in Miami. Principal chose Terranova over the DiGiacomo Group after buying West Pointe in August.
MIAMI-Dallas corporate lawyer Robert R. Veach Jr. is the new chairman of the four-year-old Palm Beach Gardens, FL-based REIT. Zoley was chairing Wackenhut and Correctional at the same time.
MIAMI-Net income was $5.1 million or 13 cents per diluted share compared to $3.3 million or eight cents per diluted share in the Boca Raton, FL-based company's final period ended June 30.
MIAMI-The Boca Raton, FL-based firm has named Ashley Barrett Bloom vice president as it expands its local and regional operations. Capitol's Arkansas subsidiary, Capitol Development of Arkansas Inc., has left Chapter 11 after paying off secured creditors a total $7 million.