New office building proposed in Boca Raton

A new office building has been proposed in Boca Raton to accommodate a growing company. Dizengoff Boca Raton LLC, managed by Ronon Saban, filed the application with the city in December to build a 7-story, 120,000-square-foot office building at 900 Peninsula Corporate Circle. It acquired the 3.76-acre site out of foreclosure in 2010 for $1.35…

Thor unloads Design District properties: $128.3M

Thor’s Joseph Sitt, North Miami Avenue properties and Ben Bernstein Less than three years after it began assembling a war chest of properties in Miami’s Design District, Thor Equities has just sold eight sites to Redsky Capital and JZ Capital Partners for $128.285 million. The nearly two-block purchase adds to Brooklyn-based Redsky Capital and London-based…

Hotel breaks ground near airport with $13.5M loan

The Four Points by Sheraton Miami Airport hotel recently started construction after the developer secured a mortgage. HSBC Bank USA provided the $13.5 million construction loan to 36th Street Three LLC, an affiliate of Boca Raton-based Economos Properties. It has started building a 124-room hotel that would total 45,182 square feet. That includes a 2,220-square-foot…