CORAL SPRINGS, FL-On the heels of the sale of the class A office buildings Heron Bay I and II, the partnership is preparing to start more office buildings and a shopping center here. Heron Bay III, IV and V will be 45,000 sf each and will cost an estimated $27 million.
MIAMI-The Fort Lauderdale -based firm is scheduled to begin construction on the $22-million, 18-story, 78-unit mixed-use loft development here next spring. It is a project of the recently formed Urbana Development Group.
FORT LAUDERDALE, FL-The wholly owned Tarragon Mortgage Co. LLC, based here, is providing mortgages to buyers at Tuscany on the Intracoastal, Tarragon's latest condominium project in Boynton Beach, as well as Las Olas Riverhouse, a new luxury high-rise condominium project in the city.
MIRAMAR, FL-Intergraph and Trader Publishing Co. signed mid-term leases for 7,400 sf and 7,300 sf, respectively, in the Miramar Park of Commerce. The deals are estimated to be worth more than $550,000.
MIAMI-Multicore Capital in Fort Lauderdale will be HomeStreet's Fannie Mae Delegated Underwriting and Servicing correspondent, and as such will offer financing for multifamily properties in a six-county area.
CORAL SPRINGS, FL-Heron Bay Holdings, advised by WhiteStar Advisors LLC, paid nearly $221.35 per sf for the 89,000-sf, class A office complex here. The seller was Ross Jaffe Matz Partners Ltd. of Davie, FL.
NORTH MIAMI BEACH, FL-The figure rose from $13.6 million in the third quarter 2002 to $23.9 million in the 2003 third quarter. Funds from operations per diluted share dropped 5.1% over the same period.
MIAMI-The company is providing $5.5 million in equity in exchange for tax credits generated by the planned Ward Towers development. The $17.3-million development will include 100 units and a 24,000-sf community center.
MIAMI-In Sheehan's three years with the real estate investment banking firm,where he was previously an associate, he was involved in more than 30 deals totaling more than $700 million in debt, mezzanine and equity capital investments.
CORAL GABLES, FL-PLC 2151 Le Jeune Rd. LLC closed on its purchase of the 76%-occupied building, with 33,000 rentable sf. As a result, all four buildings in the portfolio have been sold.