FORT MYERS, FL-Gulfside Investments LLC paid about $7 million to Fairfax Fort Myers LLC for the 59,466-sf Fairfax Center I here. Fairfax Center II nearby just sold for nearly $9.8 million, or $156.71 per sf.<p>
WESTON, FL-SSR Realty Advisors, an adviser to MetLife Insurance Co., bought the building and property, in the Weston Park of Commerce, from Northwestern Mutual, which took ownership of it 10 years ago.
MIAMI-The transaction volume for the first six months of this year is greater than all of 2002's volume, and this year should exceed last year substantially, according to the Apartment Group, a Cushman & Wakefield company. Condominium conversions have been all the rage, says one broker.
WEST PALM BEACH, FL-A group affiliated with Precise Properties of Quebec pays about $119.30 per rentable sf for the 119,443-sf property here. KPT Properties LP, an affiliate of Kimco Realty Corp., is the seller.
NORTH LAUDERDALE, FL-The South Florida properties, which Trammell Crow Residential developed in the 1980s, were sold to Home Properties, based in Rochester, NY. The sale consisted of 836 apartment homes in Hampton Lakes, Hampton Place and Vinings at Hampton Village in North Lauderdale.
MIAMI BEACH, FL-Net earnings increased from $24.8 million, or 84 cents per diluted share, for the fiscal 2003 second quarter to $47.5 million, or $1.57 per diluted share, for that period this year. Per-share earnings represented an all-time high.
FORT MYERS, FL-Deer Ridge Associates of Naples paid $157 per sf for the property, which has 62,216 rentable sf. The class B building is triple-net leased to Hanson Building Materials of America Inc.
CORAL GABLES, FL-Cornerstone Group hired John Barr as president of its new, unnamed townhome subdivision. The company is planning to develop Marsh Harbour and Sonoma Bay in Riviera Beach, San Remo in North Lauderdale and a yet unnamed project in Boynton Beach.
MIAMI-PanTerra Developments is the developer of City 24, a luxury project with 119 one- and two-bedroom condominium units and 18,000 sf of retail space in a 15-story building. With sales set to get under way this summer, the project is expected to be completed in summer 2006.
MIAMI-Led by Rodrigo Niño, Prodigy International Development Sales will sell and market Solaris at Brickell Bay, a 22-story, 138-unit condominium project scheduled to break ground this summer in the Brickell area here.