CORAL GABLES, FL-The local developer has his sites set on creating a 50-story building with nearly 500 condo units in Miami, a 325-unit project in Tequesta, and 164-unit and 225-unit projects in North Bay Village. And did we mention the acquisition?
DELRAY BEACH, FL-Wood Partners and a new equity partner are purchasing the project from Wood Partners and another equity partner in a sale of which $41.2 million was financed with Corus Bank. The project consists of 300 units in 25 three-story buildings.
FORT MYERS, FL-Carroll Partnership LLP paid $2.4 million for 14.7 acres here, where the tilt wall flex and distribution space facility will rise. JED/Witzel Alico Commercial Park LLC sold the property for $161,569.61 per acre.
BOCA RATON, FL-The 128,959-rentable-sf 1200 Corporate Center sold for about $158.97 per rentable sf to Broadway Real Estate Partners LLC. The seller was 1200 Corporate Place LLC.
BOCA RATON, FL-The locally based national apartment operator has acquired Income Growth Property Management Inc., a property management company based in San Diego, CA, and formed an agreement with the New York State Teachers' Retirement System to acquire and develop assets in three markets.
MIAMI-The single-family and multifamily homebuilder, based here, had a 17% increase in orders for the quarter ended May 31, with the biggest hike experienced in the West.
FORT MYERS, FL-Amalia T. Lemar sold the 30,000-sf center here to NCAP LLC for about $66.67 per sf. The new owner plans to use the building for production for the Breeze Corp. publications, including the Cape Coral Breeze newspaper.
FORT LAUDERDALE FL-The project will consist of 302 units and is being sold in three phases. Phase one sold out, and more than 1,300 people remain on a waiting list to buy one of the units, which are priced from $99,900 to $191,000.
BOCA RATON, FL-As vice president of the company's Office Services Group, Owen Sagar, who previously worked for Trammell Crow Co. and CB Richard Ellis, will be based out of Grubb & Ellis' office here.
BOYNTON BEACH, FL-Two new leases--worth close to $1 million combined--resulted in the achievement at Catalina Centre. Lindburgers' 2,400-sf lease is for 10 years, while Juniors Pizza and Subs' 1,328-sf lease is for five years.