BROWARD COUNTY, FL-Leasing and sales were among the markets strengths in the third quarter, according to a Cushman & Wakefield report. Certain areas did not improve, however, including the overall vacancy rate in the county, which rose since the second quarter.
SARASOTA, FL-Village Development Inc. paid approximately $90,781 per unit to Florida-Southeast KMLD for the property here, which consists of 320 units in 20 buildings and lake views from 13 buildings.
BROWARD COUNTY, FL-Year-to-date leasing remains "sluggish," though, according to a third-quarter Cushman & Wakefield report. A new Codina Realty Services report shows many signs of a stable market that some believe is improving.
FORT LAUDERDALE, FL-The company was named general contractor for phase one of the $20-million loft condominium project to be developed here. Coscan Construction is an affiliate of Coscan Homes, a high-rise condo developer that has decided to take on select construction jobs for other developers.
DEERFIELD BEACH, FL-The pizza crust and pie maker, in a move from Davie, FL, is leasing 10,641 sf of industrial/manufacturing and distribution space within Enterprise Center Building #9. The five-year deal is worth $339,021.
MIAMI-Overall, the market is starting to stabilize, according to a new Miami-Dade County industrial overview by Cushman & Wakefield. Year-to-date positive absorption was 301,368 sf, and the county's biggest submarket, Airport West, experienced a slight vacancy rate decline.
AVENTURA, FL-Hundreds of people attended the Oct. 15 event for the 500-unit, two-building condominium project planned here, which will be the first phase of a redeveloped town center. Construction on The Venture is set to begin in the spring.
MIAMI-MM Real Estate LLC paid about $117.92 per net rentable sf to 5959 Blue Lagoon Partners Ltd. for the class A building here. The buyer, a Spain-based insurance company, plans to consolidate local offices in the building.
SUNRISE, FL-The long-term lease is at Sawgrass Pointe, a six-story, 240,000-sf, class A office building here. The company, which may add up to 500 employees in its new space, has the option to lease 80,000 sf more in the building.
NORTH MIAMI BEACH, FL-The 15-story, 239-unit oceanfront condominium conversion project is located at 6917 Collins Ave. on Miami Beach. Prices for the 1,127-sf Model 14 floor plans start at $299,000.