MIAMI BEACH, FL-The project's developers, the Fontainebleau Hilton and Turnberry Associates, have begun selling the 18-story, 311-unit condominium-hotel after selling out Fontainebleau II months before delivery is planned. A groundbreaking for Fontainebleau III is slated for early next year, while Fontainebleau II is set to begin delivery in late November.
FORT MYERS, FL-Children's Properties LLC paid Lee Health Ventures Inc. a little more than $1 million, or $326,700 per acre, for the 3.1-acre parcel here. Children's Properties plans to occupy the planned building.
COCONUT GROVE, FL-Grove Professional Building LLC paid $181.90 per sf for the Grove Professional Building, which has 41,782 rentable sf in three stories and includes a two-story parking garage. The building was 80% occupied at closing.
MIAMI-MCZ/Centrum purchased the Village on Bayshore Drive, which is under construction, and plans to convert the originally planned luxury rental units into condominiums to be completed this fall. The project also includes 19,000 sf of ground-floor retail space.
FORT MYERS, FL-PMA Equities LLC of Long Island, NY, paid $60,000 per unit for Lakes Park Apartments and is planning upgrades and a rent increase. The seller was L. Dupre III of Fort Myers, who owned the property as an investment.
MIAMI-The company, in business 20 years, has designed the interiors of projects throughout the country, as well as in Mexico and the Caribbean. Light is a strong feature in this 138-unit project called Solaris.
CORAL GABLES, FL-Under the joint-venture relationship, KM Construction Co., formed two years ago and based here, will do all projects south of Palm Beach County in conjunction with Plaza Construction Corp.
BOCA RATON, FL-Chris Stroup is former CEO of Swiss Re Life & Health America Inc. A certified public accountant, he has a bachelor's degree in economics and a master's in business administration. Gables Residential, based here, manages 46,874 apartment homes in 183 communities.
MIAMI-The 165,000-sf One Riverview Square has been completed. Developed by Panther Real Estate Partners, it is the first private office development Downtown in more than 10 years.
NORTH MIAMI BEACH, FL-The dividend, for the quarter ended June 30, is payable on that date to stockholders of record June 16. The locally based shopping center REIT also plans to meet in July to consider amending its 2000 Executive Incentive Compensation Plan.