HOLLYWOOD, FL-Mufasa LLC, based in Miami, FL, paid about $43,055 per unit to Washington Park Apartments LLC for the 72-unit, two-story complex, which was built in 1970. The transaction was handled by Horizon Properties and Coldwell Banker.
BONITA SPRINGS, FL-The luxury residential tower developer, based here, says it will look for opportunities to establish the WCI brand through its tower division in these markets. The company also develops traditional homes.
MIAMI-Trish Blasi plans to join the firm early next month. She previously was with Codina Group, where she served as president of Codina Development and president of Codina Real Estate Management, among other positions.
MIAMI-This tower of Quantum on the Bay, being developed downtown by Terra Archiplan Developers, will have 43 stories. Units, which will range from 500 sf to 1,400 sf, are priced from the $180,000s.
MIAMI-However, closings are down because few properties that are being listed for sale, a Marcus & Millichap report states. Overall, the local market is expected to drop four places to No. 21 on the firm's National Apartment Index this year.
MIAMI-Trish Blasi plans to join the firm early next month. She previously was with Codina Group, where she served as president of Codina Development and president of Codina Real Estate Management, among other positions.
NORTH BAY VILLAGE, FL-The company has obtained a $4.3-million land loan through Builders Bank for the 1.8-acre project site. Ground-breaking is planned for the middle of this year.
MIAMI BEACH, FL-The last regulatory approval required for the companies' joint merger with the Newhall Land and Farming Co. has been obtained, and the merger is expected to close Feb. 2.
BOCA RATON, FL-The locally based developer anticipates using the net proceeds to redeem certain notes, to repay other debt and to fund general corporate expenses. The planned offering is subject to market and other conditions.
DELRAY BEACH, FL-The company is converting the 212-unit Lincoln Park at Delray Apartments here into condominium units. RAM Real Estate Co. purchased the community last fall.