MIAMI-Hialeah Realty Group paid about $45,940 per unit for the apartment community here. The total price represents more than a 50% increase in the sales price in a little more than a year, according to the local property appraiser's office. Advenir at Asbury LLC was the seller.
BOCA RATON, FL-RAM Management LLC paid about $62.43 per sf to the Sapp Family Partnership for the industrial building here. RAM Management plans to house several of its companies in the building.
FORT LAUDERDALE, FL-Teragenix Corp. is now taking 7,689 sf of office-laboratory space for 30 months, while Igel Technology GMBH is leasing 4,740 sf of office-flex space for three years. The combined value of the leases is $102,350.
MIAMI-The deals, valued aggregately at an estimated $17.5 million, include the sale of 13-plus acres of Hughes Supply's 24-acre former site, including a 79,000-sf building, a 129,000-sf warehouse sale, and nearly 200,000 sf in new leases.
MIAMI-The deal, at Airport Corporate Center, will enable the company to consolidate local operations. The lease is estimated to be worth close to $1 million.
MIAMI-Net absorption was positive 293,839 sf, leasing activity increased some, vacancy rates fell minimally, and average asking rates showed slight growth that quarter, according to a CB Richard Ellis report.
NORTH MIAMI, FL-The renovations, completed from 1999 to this year, included exterior reconstruction and painting, elevator work, re-roofing and lobby upgrades. The CB Richard Ellis South Florida Multi-housing group is handling the listing for the owner, Stellar Management of New York City.
PALM BEACH, FL-The transactions involve the remaining lease in a 59-lease deal from its main lessee, Innkeepers Hospitality, as well as the last five leases in a six-lease deal from Wyndham International Inc. affiliates.
MIAMI-The first three projects of the recently formed Lennar Developers Inc., a wholly owned subsidiary of Lennar Corp., based here, are the Grand, Colonnade and 360º.
PALM BEACH GARDENS, FL-Catalfumo's acquisition of Seawood Builders increased its contract volume by 50% and employees by about a third. The construction and development company, with several well-known South Florida projects under its belt, has 350 employees after the deal.
