MIAMI BEACH, FL-The Newhall Land and Farming Co., based in Valencia, CA, owns valuable landholdings in the Los Angeles area. LNR Property Corp., based here, is a national real estate investment, finance and management company that is a spin-off of Lennar Corp., a national homebuilder also based here.
BOCA RATON, FL-Stephen D. Bell & Co. of Greensboro, NC, bought the neighborhood shopping center, which has 68,976 sf of rentable space, for about $210 per sf. RM Palms Plaza was the seller.
LEE COUNTY, FL-The company will provide construction management services to replace and restore the deteriorating Sanibel Causeway bridges, a $60-million project. Work began in October and is set to be completed in early 2006.
SUNRISE, FL-VirtualBank Mortgage leased 6,390 sf and Finco Financial Corp. leased 3,551 sf at the 612-acre business park here. The deals are estimated to be worth a total of about $564,000.
MIAMI-Whalen Realty Capital LLC arranged the transaction for the owner of Banco Santander Center through lender Aegon Realty Advisors. Meanwhile, the 189,000-sf, class B building, in the Brickell Avenue submarket, is being marketed for sale.
MIAMI-As director, Tom David is focusing on development, investment and brokerage services in the South Dade market. In addition, he will handle government relations for the commercial real estate development and brokerage services firm.
FORT LAUDERDALE, FL-Bank of America, represented by Tom Streit of Akerman Senterfitt, is the lead bank in the syndicated loan. The luxury waterfront condominium project, which will feature two 22-story towers, a seven-story parking garage and a common area, recently broke ground here on the New River.
FORT LAUDERDALE, FL-The joint venture partners, an Investcorp Properties Ltd. affiliate and a Koger Equity Inc. subsidiary DownREIT limited partnership, expect to close on the acquisition of the 325,000-sf, class A office building located Downtown in January.
MIAMI-The 163,000-sf, eight-story, 82%-leased One Riverview Square is Downtown's first new office building in more than 10 years. A certificate of occupancy is expected in December, when tenants will be moving into their new space.
FORT LAUDERDALE, FL-Developer Cornerstone Premier Communities chose the 15-year-old Miami firm Kobi Karp Architecture and Interior Design to design the 157-unit, two-tower high-rise oceanfront condominium development.