NORTH MIAMI BEACH-The REIT, based here, paid about $49.2 million total for the centers, located throughout the Southeast. The price represents about $139.80 per sf, and the buy bring Equity One's 2003 acquisitions total to 105 properties.
MIAMI-Relocating from Americas Gateway Center, the freight forwarding and logistics company signed a 64-month lease estimated to be valued at about $3.1 million. The deal was brokered by Codina Realty Services and DiGiacomo Group.
POMPANO BEACH, FL-The Scully Co. paid about $99,423 per unit to an institutional client of AEW Capital Management for the 208-unit property here. The luxury units are housed in nine two- or three-story apartment buildings.
MIAMI-The condominium conversion project on the bay here will have 374 homes in five mid-rise buildings, and delivery is planned for as soon as March. The units, aimed at meeting a demand for safe and affordable housing, start in the mid-$100,000s.
MIAMI-Existing apartments are being torn down, a process that should take about two weeks. The $42-million, 28-story, luxury, waterfront condo project will contain 118 units plus 12 lofts and is being developed by BAP-GGM Developers.
WESTON, FL-Howard Design Group plans to design the $100-million luxury community with the same quality as a Ritz-Carlton property. The community will be for people ages 55 and up, and units will start at $250,000.
MIRAMAR, FL-The company is moving its southeast regional office to the park here in a deal with an estimated value of approximately $1.3 million. Ninety employees will be relocating to the new offices around February.
MIAMI-STIC Partners LP, a joint venture between Stiles Corp. affiliates and Guggenheim Partners Real Estate, purchased the 418,404-sf SunTrust International Center from an affiliate partnership of Walton Street Advisors of Chicago. The price was not disclosed, but reports stated that the seller was seeking around $80 million for the building.
PALM BEACH GARDENS, FL-A fund sponsored by Berwind Property Group Ltd. paid about $129.58 per sf for the 60%-leased property. BPG plans to invest $2 million in improvements on the buildings and increase their occupancy.
MIAMI-The company extended its retail and office space lease at the 55-story Wachovia Financial Center downtown through 2017. The lease is estimated to be worth nearly $45 million.