An affiliate of MCNA Dental acquired the Fort Lauderdale office building that houses its headquarters for $14.7 million. Liberty Property L.P., an affiliate of Liberty Property Trust (NYSE: LPT), sold the 118,952-square-foot Broward Trade Center to 200 West Cypress Creek LLC, managed by Glen Feingold, Dr. Jeffrey P. Feingold, Samantha Feingold. BankUnited (NYSE: BKU) provided…
The soccer fields where 27 Edgewater is planned and Stripey Development CEO Alejandro Goldemberg UPDATED Dec. 15 4:58 p.m. Stripey Development just closed on a $4.7 million land deal in Miami, where the firm is planning its newest condo project: 27 Edgewater. The sale includes three parcels in the 2700 block of Northeast Second Avenue, agent…
Rendering of 400 Sunny Isles and Peter Zalewski A fourth new condo project has been completed in the barrier island city of Sunny Isles Beach in Northeast Miami-Dade County since this current South Florida real estate cycle began in 2011. Transactions in the 400 Sunny Isles Condominium project featuring a pair of 21-story buildings — known…
Development site (inset: Jose Luis, Martin and Carlos Melo) Miami-based Melo Group has purchased an assemblage in Miami’s Arts & Entertainment District with plans to acquire the entire block, county records show. Miami Plaza LLC, a Melo affiliate, paid $11.5 million for the development site between Northeast 15th and 16th streets, and between Northeast Miami…
The first phase of the Water Tower Commons mixed-use project in Lantana was approved by the city council on Dec.. 14. Lantana Development, a partnership between Kenco Communities and Wexford Capital, unveiled its development plan after acquiring the 73.3-acre site at 1199 West Lantana Road from the state for $15 million in 2014. It formerly…
One month after seven of its employees and partners perished in a plane crash, PEBB Enterprises sold a retail property in Royal Palm Beach for $13 million. PEBB Enterprises Royal Palm Beach Property, part of the Boca Raton-based company managed by Bruce Weiner, sold the Toys R Us building at 758 S. State Road 7…
A 2012 photo of the Brickell skyline taken from the Rickenbacker Causeway (Credit: Daniel Christensen) As home prices continue rising in Miami-Dade County, the number of people who owe more than what their homes are worth keeps dropping. A new report from CoreLogic said the number of such homeowners dropped significantly in Miami-Dade during the…
The City of West Palm Beach could more than double the allowable multifamily density for dozens of properties, if the owners can meet a checklist of development criteria. The city’s planning board will consider the city-initiated proposal on Tuesday evening. It would create a multifamily high-density zoning category of 70 units per acre and apply…
The Bank of America Tower in Boca Raton and Jeff Johnson, CEO of the Dividend Capital Diversified Property Fund A New York investment company just sold the Bank of America Tower in Boca Raton to a public trust for $35.75 million. The eight-story building is located at 150 East Palmetto Park Road in downtown Boca…
The land beneath a building on South Beach’s famed Lincoln Road strip sold for $30 million to a Boston-based developer. Harris Realty & Associates, a Boca Raton-based company managed by Evan A. Harris and Deborah Schluger, sold the 32,730-square-foot site at 312 Lincoln Road to Lincoln Road Owners LLC, an affiliate of Boston-based Rockpoint Group.…