MIAMI-Coming off a record sales year, the 5.8 million sf that has changed hands so far this year a 175% increase from the 3.3 million sf in the first half of last year, according to Cushman & Wakefield. Meanwhile, industrial leasing activity in the county declined 31% year-to-date, compared with the same period last year.
DAVIE, FL-The third phase of Palm Trace Landings, a townhouse and garden apartment complex here, consists of 15 buildings with 274 units. Austin Forman was the developer, which Kelton Project Management Inc. represented. The general contractor was Gables Residential.
CORAL GABLES, FL-The Peabody Global Real Estate Fund and EdwardsDay sold the two buildings that make up the office component of the Alhambra here for about $227.67 per sf. The buildings total 317,566 sf and are attached to a Hyatt hotel that was not part of the sale.
MIAMI-The buyer, 1680 Meridian Ave. LLC, purchased the property from Fremont Investment & Loan, which owned it for four years, for about $110.78 per sf. The building, built in 1957, traded for $110.78 per sf.
MIAMI-Edron Fixture Corp., a division of Leggett & Platt that previously occupied the entire building, closed that location and sold the building for about $32.93 per sf. The building is the sixth that AMB purchased in the Seaboard/Gratigny Industrial Park in the past 2.5 years.
MIAMI-The properties, all sold by Ross Matz Investments Inc. of Davie, were the 371,000-sf Deerfield Mall in Deerfield Beach, the 82,000-sf College Parkway Center in Fort Myers and the 68,000-sf Office Depot Plaza in Pembroke Pines.
MIAMI-The nonprofit organization bought the 12,000-sf building from 3806 Holdings Inc. for about $91.67 per sf and plans to relocate about 20 workers from its Dadeland Towers office later this year.
WEST PALM BEACH, FL-Investment Equities Associates of Miami Beach paid about $54.48 per sf to LVWD Ltd. of Newtown Square, PA, for the 55%-occupied complex here, which consists of three 10-story office buildings built in the 1970s.
MIAMI-The 203-room hotel, part of the 1.2-million-sf, mixed-use Espirito Santo Plaza here, went for approximately $320,197 per room. EI American Real Estate Corp., a Florida corporation, bought the property from its developer, Estoril Inc.