WEST PALM BEACH, FL-The first mortgage and mezzanine loan proceeds are being used to refinance the original construction loan on the development, which was completed in 2001. The Ackman-Ziff Real Estate Group LLC arranged the financing through a Wall Street investment bank.
FORT LAUDERDALE, FL-The 63,000-sf center will feature shops and restaurants. Tenants include Winn-Dixie, Dryclean USA, Capri Coffee, Shuck 'N' Dive and Subway Restaurants. The project is set to be finished by the end of the year.
MIAMI-The three properties were the 45,600-sf Lake Worth Commerce Center in Lake Worth, a 34,395-sf light industrial property here and a 45,000-sf Home Depot in Naples. The financing was secured by Cohen Financial.
MIAMI-The three properties were the 45,600-sf Lake Worth Commerce Center in Lake Worth, a 34,395-sf light industrial property here and a 45,000-sf Home Depot in Naples. The financing was secured by Cohen Financial.
FORT LAUDERDALE, FL-Liberty is renovating the 102,000-sf vacant office property to increase its value and expects the building to be ready for occupancy in the first quarter of 2004. No leases have been signed yet.
MIAMI-The 8,500-sf lease is estimated to be worth about $2.72 million. Espirito Santo Plaza, the 35-story, class A office tower, condominium and luxury hotel under development here, is planning a December occupancy.
BOCA RATON, FL-The 102,309-sf, class A office complex here obtained the financing through Principal Global Investors, a portfolio lender and life company. The refinancing was arranged by Holliday Fenoglio Fowler LP.
MIAMI-The 53-building Miami International Commerce Center houses about 275 tenants, mostly smaller businesses, in a variety of distribution, warehouse and service properties. The buildings were built between the late 1970s and this year.
FORT LAUDERDALE, FL-Kimley-Horn Associates Inc. leased 8,434 sf, Switch Gate International LLC leased 3,095 sf and Atlantic Pioneer Mortgage leased 2,338 sf of office space at Lakeshore Business Plaza in deals ranging from 38 to 48 months.
PALM BEACH COUNTY, FL-Jeff Mooallem is president of LEAD Commercial Realty LLC, a full-service firm based here. The company's first development is expected to break ground early next year. Mooallem previously worked in development with Ram Development Co., Rendina Cos. and Developers Diversified Realty Corp.