MIAMI BEACH, FL-The real estate investment, finance and management company based here saw its net earnings per share jump 87% to an all-time high $1.57 for the quarter. Revenue increased from $108.5 million in last year's second quarter to $154.1 million for the same quarter this year.
MIRAMAR, FL-The company is paying a total of $19.9 million for the 94,649-sf, class A office building and the six acres of land in the same corporate park here. Plans are for a new 95,000-sf building to rise on the newly acquired parcel.
HOLLYWOOD, FL-Prices for radius, a $7-million, 285-unit condo and retail development planned here, range from $190,000 to $600,000. Premier Sales Group Inc. is handling sales of the 12-story building, to be located at 200 N. Young Circle.
BOCA RATON, FL-The locally based company, which acquires and develops class A office properties, will become CRT Properties Inc. around July 1, named after Crocker Realty Trust Inc., a former office real estate investment trust that Koger CEO Thomas J. Crocker led.
FORT LAUDERDALE, FL-The demand is expected to be led by the area's move toward a round-the-clock neighborhood, a CB Richard Ellis report states. The area is seeing lower direct vacancy rates and higher average asking rental rates.
MIAMI BEACH, FL-Royal World Metropolitan Inc. sold the property for $9 million. The company is seeking an award for the effects of the city's downsizing of the property, says Martin Schwartz, a partner in the real estate department of Bilzin Sumberg Baena Price & Axelrod.
MIAMI-The Association of Young Real Estate Professionals offers mentoring and networking for young real estate professionals in the area. The association plans to sponsor seminars, roundtable discussions, and other meetings.
FORT LAUDERDALE, FL-The move may mean the building becomes a multi-tenant building for the first time in its 17-year history. It's name has changed, and its owner is planning renovations.
BOCA RATON, FL-The new venture, based here, will operate under the name BankAtlantic Commercial Mortgage Capital and will complement BankAtlantic's commercial banking loan production. Michael Comparato, previously with Westminster Capital Co., will run the venture.
BOCA RATON, FL-The funding is for 38,511 sf of retail space Palmetto Park Road Associates owns at the West Boca Square shopping center here. JP Morgan Chase Bank provided the 10-year loan.