BB&T sells repossessed development site

Branch Banking & Trust Co. sold a repossessed development site in Lauderhill for $2.25 million. The bank (NYSE: BBT) seized the 13.1-ace site at 1010 N.W. 40th Ave. in 2012 from George Rahael, CEO of Coral Springs-based Amera Corp. The foreclosure was over a $5.55 million mortgage that also covered a 10-acre industrial site on…

Office building bought by health care tenant for $14.7M

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…

Underwater homes come up for air in Miami-Dade

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…

Boca bank tower trades for nearly $36M

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…