PALM BEACH COUNTY, FL-The firm is the exclusive consultant, marketer and brokerage for the proposed park. The park is part of the incentive package to lure the Scripps Research Institute to open a research division in the county and could consist of about eight million sf of building space in the long term, a CB Richard Ellis broker says.
MIAMI-The site has a current $25-million contract, making the auction subject to a minimum bid of $25,000,100. The property, zoned C1-Restricted Commercial, can have up to 300 multifamily units per acre.
FORT LAUDERDALE, FL-Tricony, based in South Florida's Palm Beach, purchased the 10-story, 215,049-sf, class A building from an affiliate of GE Asset Management. Holliday Fenoglio Fowler arranged the sale and the acquisition financing through Principal Global Investors.
WEST PALM BEACH, FL-The company is planning to develop the 150-unit, 20-story project at the corner of Lakeview Avenue and Dixie Highway. Prices would start at $300,000.
MIAMI-The local shopping center sold for about $179.48 per sf and Equity One will realize about a $6.2-million gain on the sale. The company bought the 50,146-sf center, built in 1985, in 1991.
BOCA RATON, FL-David Fitch will also continue as chief investment officer of the locally based national apartment operator. Chris Wheeler gave up his duties as president, but remains chairman and CEO of Gables.
FORT MYERS, FL-Gator Lanes Recreational Complex LLC paid approximately $196,020 per acre for seven acres of land here where it plans to develop the complex. The approximately $4-million, 54,000-sf project--which still needs permits--would include bowling lanes, arcade games and meeting rooms.
BONITA SPRINGS, FL-The locally based builder of lifestyle communities, had 86 unit sales in complete or under-construction towers in the second quarter, compared with 55 units in last year's quarter. However, the value of new tower orders decreased 24.1%, which was expected.
WESTON, FL-SSR Realty Advisors, which just bought the 225,760-sf industrial building on 16.4 acres here from Northwestern Mutual, hired Terranova, which also represented SSR Realty in the sale.
DAVIE, FL-The Fort Lauderdale, FL-based company plans to break ground on Lakeside Town Shops here in September. The community shopping center, to be anchored by a 185,000-sf SuperTarget, is scheduled to be completed in fall 2005.
