MIAMI-The softening trend that began in March continues, according to CB Richard Ellis VP Mike Klotz. He expects rates to decrease somewhat in the coming months except in two submarkets.
FT. LAUDERDALE, FL-Citing concerns regarding current absorption levels in Broward County for larger buildings, Mid-America Management Corp. has dropped the sale price of the Chromas facility in Fort Lauderdale by $1 million.
MIAMI- Shavout Realty Ltd. has purchased a 15-story office project from WRH Royal Ltd. for $8.45 million, a premium of $5.45 million above what WRH Royal paid in 1997.
MIAMI-A $30 million renovation of the Dadeland Mall will provide an economic "shot in the arm" for Miami-Dade County, according to an official from the mall's owner, IN-based Simon Property Group.
FORT LAUDERDALE, FL-Michigan-based Ramco-Gershenson Properties Trust has acquired Shenandoah Square Shopping Center in suburban Davie for $16.3 million.
MIAMI-Hasam Realty Ltd. has sold the Diplomat Mall in suburban Hallandale Beach to 17070 Collins Avenue Shopping Center Ltd. and R.K. Hallandale Ltd. for $19.1 million.
FORT LAUDERDALE, FL-Touting luxury condominiums that will feature a "sophisticated Manhattan lifestyle" with a view, New York-based Omni Development Co. has begun construction on a 42-story building complex that will be the tallest in the city.
MIAMI BEACH, FL-Saying that B and C level apartments may prove to be a more stable investment in a weak economy, CMS recapitalized the portfolio of apartments owned and operated by Fifteen Group of Miami.
FORT LAUDERDALE, FL- The Stiles Corp. headquarters building will soon house the law firm of Boies, Schiller & Flexner, which gained national attention in last year's presidential election contest.
