MIAMI-Rosendo Caveiro and Brad Capas lead the company's apartment brokerage operations in the tri-county area of South Florida. Caveiro comes from Grubb & Ellis where he was senior vice president and a member of the Multi Housing Investment Group.
CORAL GABLES, FL-Plaza 8 Associates paid about $347 per sf for the 10,080-sf 1920s building. An agreement has been reached to lease a portion of the space, which will be demolished and rebuilt, to a major bank.
WEST PALM BEACH, FL-The Mark Andrews of the Palm Beaches Ltd. sold the property for close to $6.5 million per acre in US Bankruptcy Court. The site was approved in 2001 for a 784,000-sf, 12-story life-care facility.
WEST PALM BEACH, FL- BankAtlantic provided the financing to be used toward phase one of the proposed 269,000-sf development. The development will be built at the northeast corner of the Vista Center Corporate Park.
HOLLYWOOD BEACH, FL-Matthew MacDonald of MacDonald Design Associates, based in Miami, designed the remodeled lobby and model units of the 551-unit, 15-story oceanfront condo project here.
MIAMI-The new deals and renewals, with 11 companies, total about 245,000 sf. This year has brought more interest in space in the 10,000-sf to 40,000-sf range at the 2.3-million-sf, class A business park here, says a broker involved in all these transactions.
PALM BEACH COUNTY, FL-The loan is to fund construction of Downtown at the Gardens, an approximately 336,000-sf upscale project Menin Development Co. is developing in northern Palm Beach County. Among the tenants planned are Cobb Theatre and Whole Foods Market.
MIAMI-While Palm Beach ranked best in South Florida, the Fort Lauderdale market also ranked well outside the central business district. Miami ranked average, according to Barometer, a new Cushman & Wakefield projection of office market performance.
MIRAMAR, FL-Keystone Operating Partnership paid $26 million for the 536,435-sf office/warehouse property at 3701 Flamingo Rd. here. The seller was Timco Aviation Services, which was looking to downsize in the building.
MIAMI-The Downtown tower, Wachovia Financial Center, contains nearly 1.2 million sf of class A office space. CB Richard Ellis previously handled the leasing and management there. The property's current tenant roster includes Wachovia Bank, Goldman Sachs and Ernst & Young LLP.