PALM BEACH, FL-The hotel REIT's regular common share dividend is 3 cents per share for the first quarter, and its regular dividend is 53.9 cents per series C cumulative preferred share for Jan. 20, 2004, to April 27, 2004.
MIAMI-The 20-story luxury condo project, being developed here by EB Developers of Boca Raton, FL, is priced from the $180,000s to the high $600,000s. The recently opened sales office is located at 3232 Coral Way.
FORT MYERS, FL-Argate Properties, which controls Market Square Associates LLC, is developing the 65,000-sf retail center here with the funding, provided by South Florida's Union Bank. Among the tenants planned for the new center: Comp USA, Cost Plus and Petco.
DELRAY BEACH, FL-Of the 124, seven are in Florida. Fifty to 60 locations will be converted into Office Depot stores, while the company plans to sell the remaining sites. Developers and retailers both have expressed interest in the other locations, a spokesman says.
CORAL GABLES, FL-The company is planning to use the 40,000 sf at Codina Group's 355 Alhambra Circle office tower as the headquarters of its Latin America Region. Kraft signed a five-year lease.
BRADENTON, FL-CreditRE Mortgage Capital sold the two class B+ apartment complexes--Hampton Bay and Harbour Pointe--here for around $59,130 per unit. The properties, completed in 1986 and 1987, attracted strong interest, a broker involved in the transaction says.
FORT LAUDERDALE, FL-The statement, filed with the Securities and Exchange Commission, pertains to a proposal to offer five million shares of class A common stock and an over-allotment option for up to another 750,000 shares.
FORT LAUDERDALE, FL-An entity headed by Jim Ellis and Luke Crosland bought the property from ING Clarion for an estimated $18 million. The property consists of a 15-story luxury residential building with office and retail space and five-level parking garage.
MIAMI-Aeroturbine Inc. purchased the former Federal Aviation Administration repair facility in foreclosure proceedings for nearly $41.67 per sf. The aviation company plans to occupy the building, located in the Airport West submarket.
MIAMI-The South Florida commercial and residential real estate company had $2.2 billion in closed real estate transactions last year, a 40% increase since 2000. The sales increases are attributable largely to new condominium developments.