MIAMI-New York-based Greystone is providing a 10-year loan, amortized for 30 years, at an interest rate under 7% to Waterview Apartments Jetam Investments Ltd. on the 11-year-old, 375-unit property in Kendall, south Miami-Dade County.
MIAMI-An undisclosed affiliate of Fort Lauderdale, FL-based Gumberg Asset Management Corp. paid Prudential Insurance Co. of America $87 per sf for the 13-year-old, 293,000 sf property in the Aventura area of north Miami.
FORT MYERS, FL-After six months and two contract revisions, Agri-Insurance Co. Ltd. is selling the strategically located dirt to Alanda Ltd for $30 million or $12,000 per acre (28 cents per sf) in one of the state's largest privately negotiated land deals.
NAPLES, FL-The Collier County Planning Commission has approved a revision of this 15-acre Mediterranean-style project, which will now contain 52,500 sf of commercial space and 170 upscale apartments, instead of 180 units. The project is being touted as a catalyst for redevelopment in the city's Bayshore Gateway Triangle Redevelopment District.
PALM BEACH, FL-A 9.75-acre commercial tract has sold for $5.3 million or $543,590 per acre ($12.48 per sf) in this affluent community, 70 miles north of Downtown Miami. In March, the same dirt sold for $4 million or $410,256 per acre ($9.42 per sf).
MIAMI LAKES, FL-The 74,000 sf office building was purchased for $113.51 per sf by AMC Delancey Group Inc. of Philadelphia and Aquila Property Co. of Coral Springs, FL from Palm Beach-based Esko Properties Inc.
CORAL GABLES, FL-Todd Galimidi, 38, who has been with Codina Real Estate Management Inc. for nine months, will oversee the engineering operations and maintenance of the projects in the company's South Florida portfolio.
MIAMI-The Boise, ID-based grocer is selling three Miami stores totaling 166,000 sf, plus one store site in a deal conservatively estimated at $16.6 million, real estate sources intimate with the deal tell GlobeSt.com.
TAMARAC, FL-Sabal Palm Golf Course in Tamarac, west of Fort Lauderdale, has sold for $2.08 million. That's $1.71 million less than it sold for eight years ago.
MIAMI-The wireless devices manufacturer has signed a five-year lease with an estimated value of $4 million. The tenant is moving from its nearby 42,000 sf location to a site almost three times larger.